LGBROS

Lg Balakrishnan & Bros Ltd had informed the Exchange regarding the Record Date on January 31, 2007 for the Rights Issue. The company has now submitted to the Exchange a copy of the detailed terms of the issue. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/LGBros_rig_18012007.zip target=NEW> For more details click here.</a>

Lg Balakrishnan & Bros Ltd has informed the Exchange that: "SEBI has given their consent vide their letter No. CFD/DIL/ISSUES/NB/DM/84235/2007 dated 12.01.2007 for the issue of 1% Secured Optionally Convertible Bonds ("Bonds") of Rs. 101/- each due 2013 for cash at par aggregating Rs.9442.27 Lakhs on Rights Basis to the existing share holders of the Company in the ratio of one bond for every nine equity shares held. In this regard we wish to inform you that we have fixed, Wednesday, the 31st day of January, 2007 as Record Date for the aforesaid Rights Issue".

Lg Balakrishnan & Bros Ltd has informed the Exchange that Smt. Rajsri Rajiv has been inducted in the Board of the Company as an Additional Director in the board meeting held on October 30, 2006.

Lg Balakrishnan & Bros Ltd has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on August 30, 2006. The copy of the proceedings shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).<a href=/content/corporate/LGbalakrishnan_041006.zip target=NEW> For more details click here.</a>

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Board of Directors in their meeting held on September 18, 2006 has decided to dispose off the entire Investment held as shares in LGB Textiles Limited ( Our Wholly owned Subsidiary Company) for a total consideration of Rs.19.45 Crores (Rupees nineteen crores forty five lakhs only).

Lg Balakrishnan & Bros Ltd has informed the Exchange that it's Director Mr. T. Muralidhar Bhagavat has resigned from the Board of the Company with effect from August 14,2006.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the dividend for the Financial year 2005-2006, if approved by the shareholders in the Ensuing Annual General Meeting to be held on August 30, 2006, will be paid on September 11, 2006 and warrants for the same will be dispatched before the said date.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the AGM of the Members of the Company will be held on August 30,2006.

Lg Balakrishnan & Bros Ltd has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (including any statutory modification or re-enactment thereof for the time being in force) the Company is seeking consent of members by way of postal ballot for passing the following resolutions through Postal Ballot : Special Resolution under Section 31(1) of the Companies Act, 1956 for amendment of Articles of Association of the Company. The Issue Management Committee at its meeting held on July 24,2006 has

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Register of Members and the Share Transfer Register will remain closed from August 16, 2006 to August 30, 2006 (both days inclusive) for the purpose of payment of Dividend for the year ended March 31, 2006.

Lg Balakrishnan & Bros Ltd has informed the Exchange that Sri. M. Lakshmi Kanth Joshi has been appointed as Company Secretary with effect from May 29,2006 in the palce of Sri. A. James Chandra Mohan erstwhile Company Secretary who has been promoted and designated as Chief Operating Officer - Forging Divisions of the company.

Lg Balakrishnan & Bros Ltd has informed the Exchange that International Finance Corporation, Washington has acquired 55,32,714 shares aggregating to 6.58% of the total paid up capital of L.G. Balakrishnan & Bros Ltd. on June 06, 2006. The mode of acquisition is through Preferential Allotment and the shareholding of International Finance Corporation ("IFC") after the said acquisition is 55,32,714 shares aggregating to 6.58% of the total paid up capital of L.G. Balakrishnan & Bros Ltd.

International Finance Corporation has informed the Exchange that they have acquired 5,532,714 shares aggregating to 6.58% of the total paid up capital of L.G. Balakrishnan & Bros Ltd. on June 06, 2006. The mode of acquisition is through Preferential Allotment and the shareholding of International Finance Corporation ("IFC") after the said acquisition is 5,532,714 shares aggregating to 6.58% of the total paid up capital of L.G. Balakrishnan & Bros Ltd.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Board at their meeting held on May 29, 2006 has recommended Dividend of 30% on equity share capital for the year 2005-2006.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Company has entered into an agreement with International Finance Corporation, Washington the primary sector arm of the World Bank Group for 20 million US$ financial package. The Investment comprises an equity investment of 5 Million US$ equivalent and a term loan of 15 million US$ equivalent to cater the improvements of the company's existing facilities as well as the development of a Greenfield hot forging facilities near Coimbatore.

Lg Balakrishnan & Bros Ltd has informed the Exchange that in respect of the Postal Ballot held pursuant to the provisions of Section 192 A of the Companies Act, 1956, the Resolutions proposed for: (1) Issue of Equity shares to M/s International Finance Corporation, Washington on Preferential Basis. (2) Issue of Optionally Convertible Secured Bonds on Rights basis to the existing shareholders. (3) Increasing the Borrowing Powers for the Board to Rs.300 Crores (4) Authorizing the Directors to mortgage and or charge the assets of the Company, have been declared by the Chairman on May 10, 2006 as

Lg Balakrishnan & Bros Ltd has informed the Exchange that pursuant to the provisions of Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (including any statutory modifications or re-enactment thereof for the time being in force) the Company is seeking consent of members by way of postal ballot for the following resolutions : (1) Special Resolution under section 81(1A) of the Companies Act, 1956, for issue of Equity shares on Preferential Basis - Private Placement (2) Special Resolution under section 81, 81(1A) of the resolutio

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Issue Management Committee of the Company at its meeting held on March, 27, 2006 considered and approved the following: 1. Preferential Allotment of Equity Shares :The Committee considered the proposal of issuing equity shares on preferential allotment to International Finance Corporation (IFC), Washington towards equity participation of amount not exceeding the equivalent of USD five millions. 2. Optionally convertible Bonds (OCBs) : The Committee considered the proposal for the issue pf Optionally Convertible Bonds (OCBs) of Rs.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the first meeting of the Issue Management Committee was held on March, 23, 2006 to consider the issue of Optionally Convertible Secured Bonds on Rights Basis and the proposal of preferential allotment of securities/ availment of debts with Foreign Institutional Investors (FIIs). The committee could not finalize the terms of the issues due to want of certain clarifications with the Financial Institutions. Hence no decision was taken in the meeting and it was decided to adjourn the meeting.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Board of Directors of the Company in their meeting held on March 20, 2006 considered and approved the following businesses :- (1) Approval for a programme of capital expenditure involving inter-alia additional manufacturing facilities and debt replacement involving re-payment of existing high cost debt. (2) Approval for raising upto Rs.250.00 Crores (Rupees Two Hundred and Fifty Crores) through an issue of equity / equity linked ("Securities") by way of a rights issue / preferential allotment and / or debt instrument. (3) Appointmen

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Company has received a letter of intent from ROBERT BOSCH, GERMANY for supply of flanges for their CRDI Systems. The initial requirements is for Rs. 2 Million Euro. In Company's opinion this will mature into a larger business in due course.

Lg Balakrishnan & Bros Ltd has submitted to the Exchange a copy of the Minutes of the proceedings of the Company's AGM held on August 22, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Lg Balakrishnan & Bros Ltd has informed the Exchange that at the AGM of the company held on August 22, 2005 M/s Deloitte Hakins & Sells, Chartered Accountants, are appointed as Auditors of the company in place of the retiring auditors Messrs. Fraser & Ross, Chartered Accountant to hold office from the conclusion of this AGM until the conclusion of the next AGM.

Lg Balakrishnan & Bros Ltd has informed the Exchange that M/s. Silent Chain India P Ltd have acquired 18,000 shares aggregating to 0.02% of the total paid up capital of L.G. Balakrishnan & Bros Ltd. on July 21, 2005. The mode of acquisition is through Open Market and the shareholding of M/s. Silent Chain India P Ltd. after the said acquisition is 18,000 shares aggregating to 0.02% of the total paid up capital of L.G. Balakrishnan & Bros Ltd.

Silent Chain India P Ltd. has informed the Exchange that they have acquired 18,000 shares aggregating to 0.02% of the total paid up capital of L.G. Balakrishnan & Bros Ltd. on July 21, 2005. The mode of acquisition is through Open Market and the shareholding of Silent Chain India P Ltd. after the said acquisition is 18,000 shares aggregating to 0.02% of the total paid up capital of L.G. Balakrishnan & Bros Ltd.

Lg Balakrishnan & Bros Ltd has informed the Exchange that Franklin Templeton Mutual Fund under its Scheme - Franklin India Flexi Cap Fund, has acquired 10,00,000 shares aggregating to 1.27% of the total share capital of Lg Balakrishnan & Bros Ltd. on May 24, 2005. The mode of acquisition is through Market Purchase and the shareholding of Franklin Templeton Mutual Fund under its various Schemes after the said acquisition is as follows: Franklin India Prima Fund holds 24,10,164 shares aggregating to 3.07% of the share capital of the Company; and Franklin India Flexi Cap Fund (FIFCF) holds 24,07,

Lg Balakrishnan & Bros Ltd has informed the Exchange that the register of members and share transfer register will remain closed from August 08,2005 to August 22,2005(both days inclusive) for the purpose of payment of dividend for the year ended March 31,2005.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Board of Directors at their meeting held on May 23, 2005, has recommended final dividend @ 30% on equity share capital for the year 2004-2005 in addition to interim dividend @ 50% already paid.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the BOD's has declared Interim Dividend @50% for the year ended March 31, 2005 in recognition of the Golden Jubilee Year (1956-2005) of the Company. The dividend will be paid on March 29, 2005.

Clarification of News : The media had reports on January 25, 2005 that LG Balakrishnan & Bros Limited has won a huge order from a global auto company for supply of auto parts. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. LG Balakrishnan & Bros Limited has vide its letter inter-alia stated, "Our Company has not bagged any big orders as claimed by the reports".

Clarification of News : The media had reports that LG Balakrishnan & Bros Limited has won a huge order from a global auto company for supply of auto parts. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from LG Balakrishnan & Bros Limited.

Lg Balakrishnan & Bros Ltd has informed the Exchange that as strategic investment, the Company has acquired shares of M/s LGB Textiles Limited, a company registered with Registrar of Companies, Coimbatore. The said Company becomes the wholly owned subsidiary of Lg Balakrishnan & Bros Ltd. from November 17, 2004.