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L G Balakrishnan & Bros Ltd logo

L G Balakrishnan & Bros Ltd

NSE: LGBBROSLTD BSE: 500250

₹1947.90

(1.02%)

Fri, 06 Mar 2026, 00:26 pm

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Company History

1956

  • The company was incorporated.

1976

  • 1,69,000 shares were issued at par to the public.

1977

  • Combined Industrials, Ltd. became a subsidiary of the company.
  • 4,00,000 bonus shares were issued.

1981

  • Elgibi Engineering Works, Ltd. became a subsidiary of the company.
  • 2,00,000 bonus equity shares were issued.
  • The company's authorised capital was reclassified.

1983

  • Super Engineers, Ltd. became a subsidiary of the company.

1986

  • The company's authorised capital was increased.

1989

  • The company merged with Elgibi Engineering Works Ltd.

1993

  • 5,00,000 rights equity shares were issued.

1994

  • The company set up a unit at Vaiyampalayam to manufacture chains.
  • A wind energy farm was installed at Muppandal in Tamil Nadu.
  • 7,50,000 rights equity shares were issued.
  • 37,500 shares were issued at a premium of Rs 65 per share.
  • 7,81,960 bonus shares were issued.

1996

  • The company offered a Voluntary Retirement Scheme.
  • 356 equity shares were allotted.

1997

  • L.G.B. Industries Limited was amalgamated with the company.
  • The company took over the operations of Steel Division of M/s. Elgi Automotive Services Limited.

1998

  • 7,98,000 equity shares were issued on amalgamation of L.G.B. Industries Ltd.

2003

  • The company recommended the issue of bonus shares in the ratio of 1:1.
  • The company split the face value of equity shares from Rs 10 to Rs 1.
  • The company withdrew the proposal of the Employee Stock Option Scheme and Employee Stock Purchase Scheme.

2004

  • The company signed an MOU with MGM Industries and Swathi Gears & Heat Treaters.

2006

  • The company entered into an agreement with International Finance Corporation.
  • Smt. Rajsri Rajiv was inducted as an additional Director.

2007

  • The company issued rights in the ratio of 1:9 at a premium of Rs. 0 per share.

2008

  • The company's securities were de-listed from the Madras Stock Exchange Ltd.

2009

  • The company recommended a total dividend of Re 0.60 per share.

2010

  • The company recommended a dividend of Rs. 6.50 per share.
  • The company consolidated its face value of shares from Rs 1 to Rs 10.

2011

  • The company recommended a dividend of Rs. 10 per share.
  • Sri. P. Prabakaran was appointed as Deputy Managing Director.
  • The company consolidated its face value of shares from Rs 1 to Rs 10.

2012

  • The company recommended a dividend of Rs. 11 per share.
  • The company acquired 100 percent of the shares of GFM INC through its subsidiary LGB USA INC.

2013

  • The Board recommended an interim dividend of Rs. 5.00 per share.

2014

  • The Board recommended an interim dividend of Rs. 3.20 per share.

2018

  • The Company issued bonus shares in the ratio of 1:1.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800