LGBROS

Lg Balakrishnan & Bros Ltd has informed the Exchange that: "L.G. Balakrishnan & Bros Limited has entered into an Agreement with the promoters, directors of M/s. M.M.Gears Private Limited, a Company engaged in the manufacture of Gears & Gear boxes, for acquisition of 100% shares of the Company and subject to satisfactory due diligence".

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Hon'ble High Court of Judicature at Madras, vide order dated April 21, 2008 received by the Company on May 08, 2008 has sanctioned the Scheme of Arrangement of Demerger between L.G. Balakrishnan & Bros Limited (LGB), LGB Forge Limited (LGBFL) and their respective shareholders. Further the Company has informed the Exchange that the said court order has been duly filed with the Register of Companies, Coimbatore on May 09, 2008. Accordingly, May 09, 2008 is the 'Effective Date' for the Scheme of Arrangement as aforesaid.

Lg Balakrishnan & Bros Ltd has informed the Exchange that the Scheme of Arrangement between L.G.Balakrishnan & Bros Limited the demerged Company, LGB Forge Limited, the resulting Company and their respective shareholders for the demerger of Forging Division was approved on March 27, 2008 by the shareholders unanimously at the Extra Ordinary General Meeting held as per the directions of the Hon'ble High Court of Judicature at Madras. The meeting was presided over by Shri B. Vijayakumar, Managing Director who was appointed as Chairman of the meeting by the Hon'ble High Court. The Company would t

Lg Balakrishnan & Bros Ltd has informed the Exchange that: "The Board of Directors at its meeting held on 12th October, 2007 evaluated options for realigning the business operations of the Company proposed to de-merger the forging division along with its assets and liabilities including the operations currently covered at Bangalore, Mysore and Coimbatore into a separate Company and will be listed accordingly. Upon de-merger of the forging division in to a new Company, the new Company will pursue the opportunities available for the global footprint of its operations including possible cross bor

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.