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Clarification4 May 2026, 06:11 pm

LGB Clarifies Delay in Senior Management Resignation Disclosure

AI Summary

LG Balakrishnan & Bros Ltd submitted a clarification regarding a query from BSE concerning the delay in disclosing the resignation of Mr. Suresh Sivalingam, Vice President - Strategic Business Development. The company stated the delay was unintentional and due to inadvertence. The resignation was effective January 31, 2026, but the disclosure was made later. LGB asserts that the reason for the delay was included in the corporate announcement dated May 2, 2026, along with the resignation letter. The company commits to ensuring compliance with SEBI regulations in the future.

Key Highlights

  • LGB clarifies delay in disclosing VP's resignation, citing inadvertence.
  • Resignation of Mr. Suresh Sivalingam was effective January 31, 2026.
  • Delay reason included in May 2, 2026 corporate announcement.
  • Company commits to future compliance with SEBI regulations.