LGB Forge Ltd — Important, 30-04-2026: Company Update
30-04-2026 · 10:21 am
LGB Forge Limited has executed a Sale Deed for the sale of an immovable property, a land parcel measuring 7.36 acres in Coimbatore, for Rs 12 Crores. This transaction, approved by shareholders, is with LGB Educational Foundation, a trust where the company's promoters are trustees, making it a related party transaction completed at arm's length. The sold property contributed 12.76% to the company's consolidated turnover in the last financial year. This move impacts the company's asset base and revenue profile, releasing capital.
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