LG Balakrishnan & Bros Ltd Board Approves Financial Results and New Ventures

LG Balakrishnan & Bros Ltd announced the outcome of its Board Meeting held on Friday. The Board approved the audited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the company received approval to enter into a Joint Venture Agreement with SINGATAC ENGINEERING PTE LTD, SINGAPORE, to form a new entity, SLGB ENERGY SOLUTIONS PRIVATE LIMITED, focusing on precision manufacturing for subsea components. The company also approved the incorporation of a Wholly Owned Subsidiary in Vietnam and a Joint Development arrangement with Brigade Enterprises Limited for a land property in Mysore.