LGB Forge Q1 Net Profit at ₹103 Cr on Land Sale

Standalone Unaudited Financial Performance:

Revenue from operations: Not quantified in disclosure
Other income: ₹29.39 lakh
Total Income: ₹2,836.30 lakh
Expenses: ₹2,811.50 lakh (Breakdown: Cost of materials consumed ₹1,106.26 lakh, Changes in inventories ₹21.01 lakh, Employee benefits expense ₹561.20 lakh, Finance costs ₹63.86 lakh, Depreciation and amortization ₹90.61 lakh, Other expenses ₹968.56 lakh)
Profit before exceptional items and tax: ₹24.80 lakh
Exceptional Items: Gain of ₹1,005.52 lakh (represents gain on sale of land)
Profit before tax: ₹1,030.32 lakh
Tax expense: Not applicable
Profit for the period: ₹1,030.32 lakh
Other comprehensive income: Not quantified
Total comprehensive income: ₹1,030.32 lakh
Paid up Equity Share Capital: ₹2,382.02 lakh (Face Value Re. 1)
Earnings per equity share: Basic ₹0.43, Diluted ₹0.43 (not annualized)

Comparative Figures:

Director Appointment:

Board approved appointment of Sri. Arjun Parthasarathy (DIN: 01892022) as Additional Director (Non-Executive, Non-Independent Director) effective 11th August 2026
Appointment subject to shareholder approval within prescribed timelines under Companies Act 2013 and SEBI Listing Regulations
Brief profile: Currently serving as Director of M/s. Metal Forms Private Limited since July 2007, with over 18 years of experience in metal forming industry, expertise in Operational Planning
Relationship disclosure: Brother-in-law of Smt. Rajsri Vijayakumar, the Managing Director of the Company

Memorandum and Articles of Association Changes:

Board approved alteration of Object Clause and adoption of new set of Memorandum of Association to align with Companies Act 2013
Rationale: Existing MOA based on Companies Act 1956 needs updating; diversification requires main objects to reflect enhanced business activities and expansion opportunities
Board approved alteration and adoption of new set of Articles of Association to conform with Companies Act 2013 provisions
Rationale: Existing AOA contains references to specific sections of Companies Act 1956 that are no longer conforming
Both changes subject to shareholder approval

Board approved proposal to conduct Postal Ballot to seek shareholder approval for applicable special businesses
Notice of Postal Ballot will be submitted to Stock Exchange in due course