Board Meeting10 Mar 2026, 01:43 pm
LGB Forge Ltd: New CFO Appointed, CFO Resigns, Land Sale Approved in Board Meeting
AI Summary
LGB Forge Ltd announced the outcomes of its Board of Directors meeting held on March 10, 2026. The board accepted the resignation of Smt. Geetha Manjari as the Chief Financial Officer (CFO) due to personal reasons, and appointed Sri. Venkatesan N as the new CFO. The company also approved the sale of non-core land to M/s. LGB Educational Institution, a trust belonging to the Promoter Group. The board decided to conduct a postal ballot to obtain shareholders' approval for the related party transaction.
Key Highlights
- Smt. Geetha Manjari resigned as CFO of LGB Forge Ltd.
- Sri. Venkatesan N appointed as the new CFO of LGB Forge Ltd.
- LGB Forge Ltd approved the sale of non-core land to M/s. LGB Educational Institution.
- The board decided to conduct a postal ballot for shareholders' approval of the related party transaction.
- The new CFO, Sri. Venkatesan N, has over 25 years of experience in financial roles.