LGB Forge Ltd — Board Meeting, 07-05-2025: Board Meeting

LGB Forge Limited has announced a board meeting approving the financial results for the quarter and half-year ended March 31, 2025, reporting a net loss of Rs. 1.22 Cr for the year, narrowed from Rs. 5.87 Cr loss last year, with an exceptional gain of Rs. 2.15 Cr from the sale of its Pondy division. The company reported total income of Rs. 94.75 Cr and expenses of Rs. 98.13 Cr. It commenced operations at a new hot forging plant in Coimbatore from January 2025. The board approved the re-appointment of the Managing Director and Whole-Time Director, subject to shareholder approval, and recommended M/s. P. Eswaramoorthy and Company as Secretarial Auditors for five years. The company confirmed it does not qualify as a "Large Corporate" for FY25.