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Company Profile

LG BALAKRISHNAN & BROS LTD.

NSE : LGBBROSLTDBSE : 500250ISIN CODE : INE337A01034Industry : Auto AncillaryHouse : Elgi
BSE1270.0010.05 (+0.8 % )
PREV CLOSE (Rs.) 1259.95
OPEN PRICE (Rs.) 1264.45
BID PRICE (QTY) 1268.45 (1 )
OFFER PRICE (QTY) 1273.35 (1 )
VOLUME 781
TODAY'S LOW / HIGH (Rs.)1247.45 1272.30
52 WK LOW / HIGH (Rs.)726.95 1409.4
NSE1272.30 9.85 (+0.78 % )
PREV CLOSE(Rs.) 1262.45
OPEN PRICE (Rs.) 1273.00
BID PRICE (QTY) 1271.85 (1 )
OFFER PRICE (QTY) 1273.90 (2 )
VOLUME 21033
TODAY'S LOW / HIGH(Rs.) 1247.60 1278.85
52 WK LOW / HIGH (Rs.)723.25 1425

Company News

Date Heading Details
13-Mar-2024 LG Balakrishnan & Bros informs about outcome of board meeting <div style="text-align: justify;">LG Balakrishnan &amp; Bros has informed that the Board of Directors of the Company at their meeting held on Wednesday, March, 13, 2024 had considered and approved the following: Pursuant to the special resolution passed by the members at their Serial No.01/2023-24 Extra-Ordinary General Meeting held on 2nd March, 2024 and in pursuance of the In-Principle Approval Letter(s) dated 4th March, 2024 received from BSE and The National Stock Exchange of India, the Stock Exchange(s), the Board of Directors has approved the allotment of 5,00,000 (Five Lakhs Only) Warrants, each fully convertible into, or exchangeable for, 1 (one) fully paid-up Equity Share of the Company having face value of Rs 10 each (Rupees Ten only) ('Warrants') for cash at a price of Rs 1,292 (Rupees One Thousand Two Hundred and Ninety Two only) per Warrant (including a premium of Rs 1,282 per Warrant) ('Warrants Issue Price'), to B. Vijayakumar (Promoter), Rajsri Vijayakumar (Promoter Group), L.G.B. Auto Products (Promoter Group) and L.G. Sports (Promoter Group) (the Allottees) in dematerialized form, on preferential basis upon the receipt of the minimum subscription amount equivalent to 25% (twenty five percent) of the Warrants Issue Price. The Warrants allotted, as above, be convertible or exercised at the option of the Allottee(s), in one or more tranches, during the period not exceeding the period of 18 (Eighteen) months commencing from the date of allotment of the Warrants upon the receipt of the balance payment of an amount equivalent to 75% (seventy five percent) of the Warrants Issue Price at the time of exercise of the right attached to the Warrant(s), to convert or exercise the Warrant(s) and subscribe to Equity Shares of the Company (Warrant Exercise Amount).</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div>
06-Mar-2024 Allotment of Convertible warrants Inter alia, to consider and approve:- To, inter alia, consider and approve the allotment of 5,00,000 (five lakhs) Warrants fully convertible into, or exchangeable for, 1 (one) fully paid-up Equity Share of the Company having face value of Rs. 10/- each (Rupees Ten only) (?Warrants?) to Sri.B.Vijayakumar (Promoter), Smt. Rajsri Vijayakumar (Promoter Group), M/s.L.G.B.Auto Products Private Limited (Promoter Group) and M/s.L.G.Sports Private Limited (Promoter Group) on a preferential basis, as approved by members at their Serial No.01/2023-24 Extra Ordinary General Meeting held on 2nd March, 2024, for a consideration of Rs.1,292/- per Warrant in compliance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the provisions of Section(s) 23(1)(b), 42 and 62(1)(c) of the Companies Act, 2013, subject to such requisite approvals as may be necessary in this regard.
06-Mar-2024 Outcome of EGM Inter alia, to consider and approve:- To, inter alia, consider and approve the allotment of 5,00,000 (five lakhs) Warrants fully convertible into, or exchangeable for, 1 (one) fully paid-up Equity Share of the Company having face value of Rs. 10/- each (Rupees Ten only) (?Warrants?) to Sri.B.Vijayakumar (Promoter), Smt. Rajsri Vijayakumar (Promoter Group), M/s.L.G.B.Auto Products Private Limited (Promoter Group) and M/s.L.G.Sports Private Limited (Promoter Group) on a preferential basis, as approved by members at their Serial No.01/2023-24 Extra Ordinary General Meeting held on 2nd March, 2024, for a consideration of Rs.1,292/- per Warrant in compliance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the provisions of Section(s) 23(1)(b), 42 and 62(1)(c) of the Companies Act, 2013, subject to such requisite approvals as may be necessary in this regard.
04-Mar-2024 L.G.Balakrishnan & Bros informs about EGM <p style="text-align: justify;">L.G.Balakrishnan &amp; Bros has informed that the Serial No.01/2023-24 Extra-Ordinary General Meeting of the Company held on Saturday, the 2nd March, 2024 through Video conferencing (VC) / Other Audio-Visual Means (OAVM). in this regard it has enclosed the following: 1) Voting Results under Regulation 44(3) of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015. 2) Combined Scrutinizer Report dated 03rd March, 2024 pursuant to Section 108 of the Companies of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p>
02-Mar-2024 L.G Balakrishnan & Bros informs about loss of share certificates <p style="text-align: justify;">In compliance with Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and based on the intimation received from the Company's Registrar and Share Transfer Agents Cameo Corporate Services, L.G Balakrishnan &amp; Bros has informed regarding loss of share certificate(s) and request for issue of duplicate shares certificate(s) by the shareholder(s), details of which are enclosed. The Company will issue the letter of confirmation in lieu of original share certificate as required by SEBI vide its circular dated 25.01.2022 after receipt of all necessary documents from the shareholder(s) and compliance of required formalities.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p>
01-Feb-2024 L.G.Balakrishnan & Bros. informs about newspaper advertisements <div style="text-align: justify;">L.G.Balakrishnan &amp; Bros. has informed that it attached copies of newspaper advertisements published in the columns of English daily ‘Financial Express' (all India edition) and Tamil Daily ‘Maalai Malar' on 31st January, 2024, newspapers having electronic editions, in terms of Circular No.20/2020 dated May 5, 2020 issued by the Ministry of Corporate Affairs, requesting the shareholders to register their e-mail IDs for receiving the Notice of the Extra-Ordinary General Meeting of the Company to be held through VC/OA VM facility on Saturday, 2nd March 2024. The newspaper advertisements may also be accessed on the website of the Company: www.lgb.co.in.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div><br></div>
27-Dec-2023 L.G.Balakrishnan & Bros informs about trading window closure <div>L.G.Balakrishnan &amp; Bros has informed that a meeting of the Board of Directors of the Company is scheduled on Monday, 29th January, 2024 to, consider and approve the Audited Financial results (both Standalone and Consolidated) for the quarter and nine months ending 31st December, 2023. Further, in terms of SEBI (PIT) Regulations, 2015 and Company's Code of Conduct to regulate, monitor and report trading by Designated Persons, the trading window will be closed from Monday, 1st January 2024 till the expiry of 48 hours after the announcement of its Audited Financial Results for the quarter and nine months ending 31st December 2023.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div>
23-Nov-2023 L.G Balakrishnan & Bros informs about loss of shares certificate <p style="text-align: justify;">Pursuant to Regulation 39(3) of the SEBI Listing Regulations, 2015, L.G Balakrishnan &amp; Bros has informed that the Company has received intimation on November 22, 2023, from its Registrar and Share Transfer Agent - Cameo Corporate Services for loss of shares / issue of duplicate shares from shareholder as per details enclosed. The Company will issue the letter of confirmation in lieu of original share certificate as required by SEBI vide its circular dated 25.01.2022 after receipt of all necessary documents from the shareholder(s) and compliance of required formalities.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p>
27-Sep-2023 L.G.Balakrishnan & Bros informs about board meeting <div>L.G.Balakrishnan &amp; Bros has informed that a meeting of Board of Directors of the Company is scheduled on Monday, 30th October, 2023 to, consider and approve the Audited Financial Results (both standalone and consolidated) for the quarter and half year ended 30th September, 2023 for the financial year 2023-2024. Further, in terms of SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended) and Company's ‘Code of Conduct for Prevention of Insider Trading' ('Code') the TRADING WINDOW for dealing in the Company's Securities shall remain closed for all directors/ officers/ designated employees including their immediate relatives from Sunday, 1st October, 2023 till the expiry of 48 hours after the announcement of its Audited Financial Results (Standalone &amp; consolidated) for the Quarter and half year ended 30th September, 2023.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div>
27-Sep-2023 LG Balakrishnan & Bros informs about outcome of AGM <div style="text-align: justify;">LG Balakrishnan &amp; Bros has informed that the 67th Annual General Meeting (AGM) of the Company was held on Monday 26th September, 2023 through Video conferencing (VC) / Other Audio-Visual Means (OAVM), in this regard it enclosed the following: Voting Results under Regulation 44(3) of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, Combined Scrutinizer Report dated 25th September, 2023 pursuant to Section 108 of the Companies of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div>