LGB Forge Ltd — Important, 10-03-2026: Company Update

LGB Forge's Board has approved several key changes. The company announced the resignation of Smt. Geetha Manjari as Chief Financial Officer (CFO) and the appointment of Sri. Venkatesan N, an executive with over 25 years of financial experience, as the new CFO. Additionally, the Board approved the sale of 8.04 acres of non-core land in Coimbatore for approximately ₹12 Crores to LGB Educational Foundation, a trust within the promoter group. This significant related party transaction will proceed after shareholder approval via a postal ballot, aiming for completion by September 2026. This move aims to unlock value from idle assets.