L G Balakrishnan & Bros Ltd
L G Balakrishnan & Bros Ltd Company History
LG Balakrishnan & Bros as a transport Company and has evolved today as a major manufacturer of chains, sprockets and metal formed parts for automotive applications. Its business segments include transmission and metal forming. Its transmission products include chains, sprockets, tensioners, belts and brake shoe. It also offers metal forming products consisting of fineblanking for precision sheet metal parts, machined components and wire drawing products for internal use as well as for other chain manufacturing plants, spring steel suppliers and umbrella manufacturers.
2004
LG Balakrishnan & Bros Ltd has informed that the Company has signed MOU with MGM Industries and Swathi Gears & Heat Treaters, Mysore based firms
2004
2006
LG Balakrishnan enters into an agreement with International Finance Corporation, Washington
LG Balakrishnan & Bros Ltd has inducted Smt Rajsri Rajiv as an additional Director in the Board of the Company.
2006
2007
The company has issued rights in the ratio of 1:9 at a premium of Rs.0/- Per Share.
2007
2008
LG Balakrishnan & Bros Ltd has informed that the securities of the Company has been de-listed from the Madras Stock Exchange Ltd (MSE) with effect from May 20, 2008.
2008
2009
LG Balakrishnan & Bros Ltd total dividend recommended is Re 0.60 per share on a face value of Re 1/- on the equity capital for the year ended March 31, 2009.
2009
2010
LG Balakrishnan & Bros Ltd recommended a dividend of Rs. 6.50/- per Share of Rs. 10/- each (65% on the face value of Rs. 10/- each) for the year ended March 31, 2010.
Company has Consolidates its Face value of Shares from Rs 1 to Rs 10
2010
2011
Company recommended a dividend of Rs. 10/- per Share of Rs. 10/- each (100% on the face value of Rs. 10/- each) for the year ended March 31, 2011.
LG Balakrishnan & Bros Ltd Appointed Sri.P.Prabakaran as Deputy Managing Director of the Company for a period of 5 years with effect from June 01, 2011.
2011
2012
LG Balakrishnan & Bros Ltd recommended a dividend of Rs. 11/- per Share of Rs. 10/- each (110% on the face value of Rs. 10/- each) for the year ended March 31, 2012.
LG Balakrishnan & Bros Ltd has through its Subsidiary Company "LGB USA INC" has acquired 100 percent of the shares of "GFM INC" located in Detroit Michigan.
2012
2013
Board recommended a interim dividend of Rs. 5.00 per Share of Rs.10/- each (50% on the face value of Rs.10/- each) for the yaer 2013
2013
2014
Board recommended a interim dividend of Rs. 3.20/- per Share of Rs. 10/- each (32% on face value of Rs. 10/- each).
2014
2018
The Company has issued Bonus Shares in the Ratio of 1:1.
2018
