Corporate Governance2 May 2026, 08:21 pm
LGB Bros: Sivakumar's Directorship Continues Beyond 75
AI Summary
The Board of Directors of LG Balakrishnan & Bros Ltd has recommended the continuation of Sri S Sivakumar (DIN: 00016040) as a Non-Executive Non-Independent Director beyond the age of 75, subject to shareholder approval at the upcoming Annual General Meeting. The board also recommended a dividend of ₹22 per share for FY26 and approved the reappointment of the Cost Auditor and Internal Auditors.
Key Highlights
- Sri S Sivakumar's directorship to continue beyond 75, pending shareholder approval.
- Dividend of ₹22 per share recommended for the financial year ended March 31, 2026.
- Dr G L Sankaran re-appointed as Cost Auditor for FY 2026-27.
- Sri.G.Jawaharlal and M/s.Lathi & Tapdiya re-appointed as Internal Auditors for FY 2026-27.
Price Impact
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