LGBROS

Lg Balakrishnan & Bros Ltd has informed the Exchange that: "The Company had entered into a Share Purchase Agreement for acquision of 100% shares of M/s. M.M. Gears Private Limited, we have to intimate you further that the said agreement has been called off and the proposed acquision has been dropped since consensus could not be reached in the value of the Shares based on Due Diligence".

Lg Balakrishnan & Bros Ltd has informed the Exchange that "Our manufacturing plant located at Bangalore has resumed partial operations with effect from February 06, 2009".

Lg Balakrishnan & Bros Ltd has informed the Exchange that "Our manufacturing plant located at Bangalore has been laid off, from 10th November onwards, due to market conditions".

Lg Balakrishnan & Bros Ltd has informed the Exchange that: "LGB is pleased to announce that further to its earlier communication regarding the sale/Transfer/Disposal of the Industrial Chain of Business situated at D Gudalur, Dindigul and potential Joint Venture with Renold UK Manchester, for which LGB has contributed Rs. 6.25 Crores as its 25% stake in Joint Venture Company i.e Renold Chain India Private Limited and also received the Initial Consideration in the sale of the undertaking. The final steps in the sale are expected to be finalized at the end of the financial year".

Lg Balakrishnan & Bros Ltd has informed the Exchange regarding update on Sale/Transfer/Disposal of Industrial Chain Business of the Company. 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/Lg_updates_25062008.zip target=NEW> For more details click here.</a>

Lg Balakrishnan & Bros Ltd has informed the Exchange that:- "Further to discussions with Renold U.K.Manchester leading to a potential Joint Venture with them subject to satisfactory conclusion of other aspects of the sale Agreement to be entered into, we are now conducting the postal ballot authorizing the Management for continuance and conclusion in finalizing the sale terms and conditions".