DEAR SHAREHOLDERS,

Your Directors are pleased to present the 69^th (Sixty Ninth) Annual Report on the business and operations of the Company together with the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2025.

Key highlights of consolidated and standalone financial performance for the year ended 31^st March 2025, are summarised as under:

On a consolidated basis, during the year ended March 31, 2025, your Company registered its Revenue from Operations of Rs.2,63,351.54 lakhs against Rs.2,39,547.19 Lakhs in the previous financial year 2023-24 delivering a topline growth of 9.93% over previous financial year 2023-24. Net profit after Tax of the Company also improved to Rs.30,209.07 Lakhs as against Rs.27,149.58 Lakhs of the previous year, thus delivering a growth of 11.27% over the previous financial year 2023-24.

On a standalone basis, during the year ended March 31, 2025, your Company registered its Revenue from Operations of Rs.2,44,527.69 Lakhs against Rs.2,28,015.84 Lakhs in the previous financial year 2023-24 delivering a topline growth of 7.24% over previous financial year2023-24.NetProfitafter Tax of the Company also improved to Rs.29,066.21 Lakhs as against Rs.26,950.33 Lakhs of the previous year, thus delivering a growth of 7.85% over the previous financial year 2023-24.

New manufacturing plant establised at additional bultibori MIDC industrial area, Nagpur, Maharashtra for manufacturing of Industrial and Power transmission chains and related products for Auto and Industrial application under mega project scheme.

During the year under review, the Company has commenced its commercial production and started manufacture of Power Transmission Chains and related Products for Auto and Industrial Application under MEGA Project Scheme.

There was no change in the nature of business of the Company during the Financial Year ended 31^st March 2025.

The Company has transferred an amount of Rs.20,000 Lakhs to the General Reserves out of the current profits available for appropriations and the remaining amount of Rs.16,068.83 Lakhs has been retained in the Surplus in Profit and Loss Account. dividend

In recognition of the financial performance during financial distribution to shareholders, your Directors are pleased to recommend a dividend of Rs.20/- per equity share on face value of Rs.10/- each i.e., 200 % on the 3,18,92,416 equity shares for the financial year ended March 31, 2025. The dividend, if approved by the shareholders at the ensuing Annual General Meeting of the Company, shall be payable to those Shareholders whose names appear in the register of Members as on the Record Date i.e. August

14, 2025.

Pursuant to the Finance Act 2020, dividend income is taxable in the hands of the shareholders effective 1^st April 2020 and the Company is required to deduct tax at source from dividend paid to the members at the prescribed rates as per the Income Tax Act, 1961.

Pursuant to the requirements of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations'), the Dividend Distribution Policy of the Company is available on the Company's website at https://www.lgb.co.in/wp-content/uploads/2021/09/LGB-Dividend-Distribution-Policy.pdf

As required under the provisions of Section 125 and other applicable provisions of the Act, dividends that remain unpaid / unclaimed for a period of 7 (seven) consecutive years, are required to be transferred to the account administered by the Central Government viz. Investor Education and Protection Fund ("IEPF"). Further, according to the said Rules, the shares on which dividend has not been encashed or claimed by the Members for 7 (seven) consecutive years or more shall also be transferred to the Demat account of the IEPF Authority. During the year under review, the Company has transferred an amount of Rs.8,93,382/- being the amount of dividend relating to year 2016-17 remained unclaimed for a period of seven years and 4,272 equity shares to the Investor financial Education and Protection Fund (IEPF).

Further, the amount of dividend relating to thefinancial year 2017-18 which would remain unclaimed after the expiry of seven years would be transferred to the Investor Education and Protection Fund (IEPF) along with underlying equity shares in accordance with the provision of the Act and its Rules.

The details of unclaimed dividend and shares transferred to IEPF are also made available on the website of the

Company, https://www.lgb.co.in/investor-relations/transfer-of-shares-to-iepf/

As on March 31, 2025, the Authorized Share Capital of the Company stood at Rs.47,00,00,000/- divided into 4,70,00,000 equity shares of Rs.10/- each. During the period under review, pursuan to the In-Principle Approval Letter dated 4^th March, 2024 of BSE Limited and National Stock Exchange of India Limited, being the Stock Exchange(s) where the Company's equity shares are listed and the approval of the members of the Company by means of a special resolution passed at the

Extra-Ordinary General Meeting held on 2^nd March, 2024, the Company has allotted on 23^rd September 2024,

5,00,000 (five lakhs) Equity Shares having face value of Rs.10/- each fully paid up at an issue price of Rs.1,292/- per share, including premium of Rs.1,282/- per share to the Person(s) belonging to Promoter/Promoter Group of the Company on preferential basis pursuant to the conversion of 5,00,000 (Five Lakhs) Fully Convertible Warrants (‘Warrants") upon receipt of the balance consideration of an amount equivalent to 75% (Seventy Five percent) of the Warrant Exercise Amount and has complied with the applicable provisions of the Act and the Regulations. The amount received through the above preferential allotment aggregating to Rs.6,460 lakhs were fully utilized for the objects stated in the offer document/explanatory statement to the on March 2, 2024. The details of the utilization of the funds raised through the above preferential allotment are provided in the Corporate Governance Report which forms part of this Integrated Annual Report.

Accordingly, the issued, subscribed, and paid-up capital of the Company increased from Rs.31,39,24,160/- to

Rs.31,89,24,160/-.

Other than the above, the Company has not issued shares with differential voting rights, sweat equity shares or any other securities during the year under review.

As per the provisions of Section 92(3) read with section 134(3)(a) of the Act, the Annual Return for the Financial Year ended on March 31, 2025, in the prescribed Form No. MGT-7 is available on the website of the Company at https://www.lgb.co.in/investor-relations/annual-return-mgt-7/

The Board has met 7 times during the Financial Year 2024-25. Further, the details of the meetings of the Board and Committees thereof held during the said period are provided in the Corporate Governance Report, which forms part of this Integrated Annual Report. The Intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

The Directors have devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards and that such systems are adequate and operating effectively. The Company has duly complied with Secretarial Standards issued by the Institute of Company Secretaries of India on the meeting of the Board of Directors (SS-1) and General Meetings (SS-2). DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013, the Board of Directors confirm that, to the best of their knowledge and belief: a) In the preparation of the annual accounts, the applicable accounting standards read with requirements set out under Schedule III to the Act had been followed and there are no material departures from the same; b) that the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the end of the financial year and of the profit of the. Company for that period c) that the Directors had taken proper and sufficientcare for the maintenance of adequate accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. d) that the Directors had prepared the Annual Accounts on a going concern basis.

e) that the Directors had laid down proper internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and f) that the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. DECLARATION BY INDEPENDENT DIRECTORS

Notice of Extra-Ordinary General Meeting held Pursuant to the provisions of Section 149 of the Companies Act, 2013, the Independent Directors have submitted declarations that they meet the criteria of independence as provided under Section 149(6) of the Companies Act, 2013 along with Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations, 2015. There was no change in the circumstances affecting their status of Independent Directors of the Company.

During the year, Sri. J Dinesh Kumar (DIN : 10586227) and Smt. Sadhana Vidhya Shankar (DIN : 10753375) were appointed as Independent Directors of the Company for a first term of five consecutive years w.e.f 01.09.2024. Based on the evaluation of the performance of the Independent Directors in accordance with the criteria and the framework adopted by the Company, the Board of Directors is of the opinion that the Independent Directors of the Company holds highest standards of integrity and possess requisite expertise and experience including the proficiency required to fulfil their duties as Independent Directors that they have registered themselves with Independent Directors database of The Indian Institute of Corporate Affairs (IICA) and have passed the online self proficiency test as applicable.

The Nomination and Remuneration Policy of the Company is available on the website of the Company at https://www.lgb.co.in/wp-content/uploads/2025/02/Nomination-Remuneration-Policy.pdf Your Company's policy covers selection and appointment of Directors, Key Managerial Personnel, Senior Management and their remuneration, including criteria for determining qualifications, positive attributes, independence of a director and other matters provided under Section 178(3) of the Act and SEBI Listing Regulations.

The Company has made investments in LGB Steel Private Limited (formerly "RSAL Steel Private Limited"), a wholly owned subsidiary and in other body corporate in compliance with Section 186 of the Companies Act, 2013. However, the Company has not granted any loans or given guarantees or provided securities falling within the purview of Section 186 of the Companies Act, 2013 during the year under review. The details of investments / loans made pursuant to the provisions of Section 186 of the Companies Act, 2013 have been disclosed in the notes to the financial statements.

All the transactions with Related Parties are placed before the Audit Committee as also placed before the Board for approval. All transactions entered into with related parties during the year were on arm's length basis, in the ordinary records in course of business and in line with the threshold of materiality defined in the Company's policy on Related Party Transactions & are in accordance with the provisions of the Companies Act, 2013, Rules issued thereunder & Regulation 23 of (SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015. During the financial year ended on 31^st March 2025, there were no transactions with related parties which qualify as material transactions.

Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act, in

Form AOC-2 is not applicable to the Company.

However, the details of all transactions with related parties have been disclosed in Notes to the Financial Statements forming an integral part of this Report.

In accordance with the requirements of the Listing Regulations, the Company has also adopted Policy on Materiality and dealing with Related Party Transactions and the same has been placed on the website of the Company at https://www.lgb.co.in/wp-content/uploads/2025/02/Policy-on-Materiality-of-Related-Party-Transaction-and-Dealing-with-Related-Party-Transaction.pdf

There have been no material changes and commitments affecting the financial position of the Company since the end of the financial year till the date of this report.

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Act read with Rule, 8 of the Companies (Accounts) Rules, 2014, as amended from time to time, is annexed herewith as ANNEXURE-A.

The Board has formulated and implemented Risk Management Policy for the Company which identifies various elements of risks which in its opinion may threaten the existence of the Company and measures to contain and mitigate risks. The Company has adequate internal control systems and procedures to combat the risk. The Risk Management procedures are reviewed by the Audit committee and the Board on periodical basis. Further the Board has also constituted a Risk Management committee in accordance with the provisions of Regulation 21 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of which are provided in the Corporate Governance report which forms part of this Integrated Annual Report.

The Company has adopted a Risk Management Policy in accordance with the provisions of the Act and Regulation 21 of the Listing Regulations and the same is also made available on the Company website of the Company at: https://www.lgb.co.in/wp-content/uploads/2021/08/risk-management-policy.pdf.

The Company has constituted a Corporate Social Responsibility (CSR) Committee and has adopted a CSR Policy.

The CSR Policy is available on the Company's website at https://www.lgb.co.in/wp-content/uploads/2023/08/ Corporate-Social-Responsibility-Policy.pdf. For other details regarding the CSR Committee, please refer to the Corporate Governance Report, which is a part of this report. The CSR initiatives and activities are aligned to the requirements of Section 135 of the Act. The brief outline of the CSR policy of the Company and the initiatives undertaken by the Company on CSR activities during the year are set out in ANNEXURE - B of this report in the format prescribed in the Companies (Corporate Social Responsibility

Policy) Rules, 2014.

The Nomination and Remuneration Committee and the Board of Directors of your Company has, in accordance with the provisions of the Act and specified by SEBI, laid down the manner in which formal annual evaluation of the performance of the Board, Committees, Individual Directors and the Chairman to be made.

During the year under review, the Board carried out an annual evaluation of its own performance, its Committees and performance of all the Directors individually and also the Chairman. The evaluation was carried out based on the responses sought from the Directors by way of an organized questionnaire covering various aspects of the functions of the Board's adequacy, culture, execution and delivery of performance of specific The Nomination and Remuneration Committee of the Board carried out a separate exercise to evaluate the performance of the Individual Directors. The Independent Directors and other Directors of the Company carried out the performance evaluation of the Board as a whole including the Chairman and Non Independent Directors at their meeting held on 15^th March 2025. The report on Corporate Governance forming part of this Annual Report covers details of the evaluation process and other requisite information.

DIRECTORS ANd KEY MANAGERIAL PERSONNEL

Based on the recommendation of the Nomination and Remuneration committee and the approval of Board of Directors, the members at their 68^th Annual General Meeting held on August 29, 2024 has approved the re-appointment of Sri. B. Vijayakumar (DIN: 00015583), as Executive Chairman of the Company for a further period of 5 years with effect from January 1, 2025 and the remuneration payable to him by means of passing a special resolution and has complied with the provisions of the Act.

In accordance with the provisions of Section 152 of the Companies Act, 2013 and in terms of Articles of Association of the Company, Sri. Rajiv Parthasarathy (DIN: 02495329) and Sri. S. Sivakumar (DIN: 00016040) will retire at the ensuing Annual General Meeting (AGM) and being eligible, they have offered themselves for reappointment. Your Directors recommends their re-appointment. A brief profile of Sri. Rajiv Parthasarathy and Sri. S. Sivakumar forms part of the notice convening the AGM of the Company.

Sri. P. Shanmugasundaram (DIN:00119411), Sri. V. Govindarajulu (DIN:00016108) and Sri. R. Vidhya Shankar (DIN: 00002498) have retired and ceased to be Independent Directors of the Company effective from closing of business hours on August 31, 2024, upon completion of their second term as Independent Directors of the Company. The Board placed on record its deepest gratitude and appreciation towards the valuable contribution made by them as Independent Directors of the Company.

Based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors Sri. J Dinesh Kumar (DIN : 10586227) was appointed as an Independent Director of the Company for a period of five (5) years from September 01, 2024 to 31 st August 2029, as approved by the shareholders by means of passing a special resolution at the 68^th Annual General Meeting held on 29^th August 2024.

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, at their meeting held on September 01, 2024, had appointed Smt. Sadhana Vidhya Shankar (DIN: 10753375) as an Additional Director (in the capacity of "Non-Executive Independent") with effect to appoint her as an Independent Director to hold such office for a first term of 5 consecutive years effective from September 01, 2024 subject to the approval of the members of the Company by way of passing a special resolution. Subsequently, the appointment of Smt. Sadhana Vidhya Shankar (DIN: 10753375) as an Independent Director for a first term of 5 consecutive years effectivefrom September 1, 2024 was approved by the members by means of a special resolution passed through postal ballot process on 11th October 2024 and has complied with the provisions of the Act. Other than the above, there is no change in the composition of the Board of Directors and Key Managerial Personnel of the Company.

The following are the Key Managerial Personnel of the Company as on March 31, 2025, and as on the date of this Report:

As of March 31, 2025, the Company has four subsidiaries, out of which one wholly owned subsidiary Company M/s. LGB Steel Private Limited (Formally known as RSAL Steel Private Limited) registered in India and remaining three, namely M/s. LGB USA INC, (Direct Overseas Subsidiary), GFM Acquisition LLC (Step down overseas subsidiary) and GFM LLC (Step down overseas subsidiary) registered outside India.

The Company has laid down policy on material subsidiary and the same is placed on the website https://www.lgb.co.in/wp-content/uploads/2021/08/policy-for-determining-material-subsidiaries.pdf

None of the subsidiaries are material subsidiary for the financial year ended 31^st March 2025 as per the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

None of the subsidiary(ies) of the Company has ceased to exist during the year under review. Further, the Company does not have any Joint Ventures or Associate Companies during the reporting period.

In accordance with Section 129(3) of the Act read with rules made thereunder, a statement containing salient features of the financial position of Subsidiaries is given inForm AOC-1 attached as an "ANNEXURE C" forming integral part of this Report. As required under Section 134 of the Act, the said form also highlights the performance of the subsidiaries.

The consolidated financial statements of the Company and its subsidiaries prepared in accordance with the applicable accounting standards have been annexed to the Annual Report. Further, the company shall provide a copy of the annual accounts of subsidiary companies to the shareholders upon their request. In accordance with the provisions of Section 136(1) of the Act, the annual accounts of the subsidiary Company have been placed on the website of the Company at https://www.lgb.co.in/investor-relations/annual-reports/ DEPOSITS

Pursuant to the provisions of Section 73 to 76 of the Companies Act, 2013 read with its relevant Rules governing deposits, the Company has obtained the approval of its members by way of passing a Special Resolution at the Annual General Meeting held on 10.09.2015 for inviting/ accepting/ renewing deposits from Members and public within the limits prescribed under the Companies Act, 2013 and the rules framed there under.

As of March 31, 2025, the deposits accepted by the Company from public and shareholders aggregated to

Rs.1,436.32 Lakhs, which are within the limits prescribed under the Companies Act, 2013 and the rules framed there under.

Further, in accordance with the provisions of the Companies Act, 2013 read with relevant Rules made thereunder, your Company has obtained a credit rating "[ICRA]AA Pronounced ICRA Double A "(stable) for its fixed deposit from ICRA Limited ("Credit Rating Agency").

The details relating to deposits covered under Chapter V of the 2013 Act are given here under:

The details of deposits which are not in compliance with the requirements of Chapter V of the Act Nil In accordance with Rule 16A of the Companies (Acceptance of Deposits) Rules, 2014, the monies received from the Directors, if any, have been disclosed under relevant notes to the Financial Statements. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE

No significant or material orders were passed, during the tribunals impacting the going concern status and Company's operations in future.

LGB has implemented robust safeguards, internal control mechanisms and risk management processes tailored to its business operations, ensuring the effectiveness, efficiency and compliance with laws. The Company regularly evaluates these processes to ensure they remain relevant and identifies any deviations for corrective action. The Company's management assessed the internal control over financial reporting as of 31 ^st March, 2025 through various reviews including self-review, peer review and external audit. The Company's Audit Committee oversees these reviews, considers improvement suggestions and ensures necessary corrective actions are followed up. The Company's Audit Committee also meets with statutory auditors to discuss the adequacy of internal controls and provides periodic updates to the Board of Directors. LGB's Audit Committee concluded that the internal financial controls were adequate and operating effectively as of 31 ^st March, 2025. Statutory Auditors Report on Internal Financial Controls as required under Clause (i) of Sub-Section 3 of Section 143 of the Companies Act, 2013 ("the Act") is annexed with the Independent Auditors' Report.

The shareholders at the 66^th Annual General Meeting held on 25^th August 2022, had approved the appointment of M/s. Suri & Co, Chartered Accountants (Firm Registration No. 004283S), for a second term of 5 (five) years to hold office till the conclusion of 71 st Annual General Meeting of the Company. Accordingly, no resolution for appointment of statutory auditors is included in the Notice convening the 69^th Annual General Meeting.

M/s.Suri & Co, Chartered Accountants have confirmed their eligibility and given their consent under Sections 139 and 141 of the Act and the Companies (Audit and Auditors) Rules, 2014 for their continuance as the Statutory Auditors of the Company for the Financial Year 2025 2026. In terms of the SEBI Listing Regulations, the Auditors have also confirmed that they have subjected themselves to the peer review process of the Institute of Chartered Accountants of India (ICAI) and hold a valid certificate issued by the Peer Review Board of the ICAI. There is no qualification, reservation, adverse remark or disclaimer given by the statutory auditor in their report.

During the year under review, there have been no instances of fraud reported by the Auditors under Section 143(12) of the Companies Act, 2013 and rules framed thereunder.

The Company has maintained adequate records and books of accounts pursuant to the Companies (Cost Records and Audit) Rules, 2014, as amended, prescribed under Section 148 of the Act. Based on the recommendation of the Audit Committee, the Board of Directors have appointed Dr. G. L. Sankaran, Cost Accountants, Coimbatore (Membership No. 4482) as Cost Auditor for conducting the audit of the cost records maintained by the Company for the year ending March 31, 2026. The Cost Auditor has confirmed that he is not disqualified pursuant to the provisions of Section 141 of the Act read with Section 139 and 148 of the Act. Dr. G. L. Sankaran, being eligible, have provided his consent to act as the Cost Auditor of the Company for the financial year 2025-26. The requisite resolution seeking approval for remuneration proposed to be paid to the Cost Auditor, as approved by the Board of Directors has been set out in the Notice of the 69^th Annual General Meeting of your Company. Your Directors recommends the ratification payable to the Cost Auditor.

Cost Audit Report for the year ended 31st March 2025 will be filed with the Registrar of Companies within the prescribed time limit stipulated under the Companies Act, 2013.

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and its relevant rules made thereunder and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors had appointed M/s. MDS & Associates LLP, Company Secretaries, Coimbatore as Secretarial Auditors for the Financial Year 2024-25. Accordingly, the Secretarial Audit Report for the financial

March 31, 2025, is annexed herewith as ‘ANNEXURE – d' to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Further, pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company, at their meeting held on April 30, 2025, has recommended the appointment of M/s. MDS & Associates LLP, Company Secretaries, Coimbatore, who are holding a valid Peer Review Certificate India, as the Secretarial Auditors of the Company for a period of five consecutive financial from financial year 2025 26 till financial year 2029 30, 69^th Annual General Meeting. Accordingly, necessary ordinary resolution has been set out under Item No.5 of the notice of the said meeting for the approval of the members. Your Directors recommend their appointment. M/s. MDS & Associates LLP, Company Secretaries, Coimbatore has given their consent and confirmed their eligibility for appointment as Secretarial Auditors of the Company. Further, the Secretarial Auditors has confirmed hold a valid Peer Review Certificate issued by the Institute of Company Secretaries of India.

The Company has complied with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and has in place a Policy on Prevention of Sexual Harassment at the Workplace in line with the provisions of the said Act and an Internal Complaints Committee has also been set up to redress complaints received regarding Sexual Harassment.

No complaint of sexual harassment was received during the financial year 2024-25 and there complaints as on March 31, 2025. dETAILS OF APPLICATION MAdE OR ANY PROCEEdINg PENdINg UNdER ThE INSOLVENCY ANd BANkRUPTCY COdE, 2016 dURINg ThE YEAR ALONg WITh ThEIR STATUS AS AT ThE ENd OF ThE FINANCIAL YEAR

The Company has not made any application or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 ("IBC Code") during the Financial Year and does not have any proceedings related to IBC Code. dETAILS OF dIFFERENCE BETWEEN ThE AMOUNT OF ThE VALUATION dONE AT ThE TIME OF ONE TIME SETTLEMENT ANd ThE VALUATION dONE WhILE TAkINg LOAN FROM ThE BANkS OR FINANCIAL INSTITUTIONS ALONg WITh ThE REASONS ThEREOF

The Company has not made any onetime settlement during the Financial Year 2024-25 with Banks or Financial

Institution and hence, the disclosure under this clause is not applicable.

The requisite details oftheremuneration relating to ratio of remuneration, percentage increase in remuneration etc., as stipulated under Section 197(12) and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel)

Rules, 2014 are annexed as ANNEXURE-E to this Report.

Further, a statement showing the names and other particulars of top ten employees in terms of remuneration drawn and of employees drawing remuneration in excess of the limits required under Section 197(12) of the Act read with Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed as ANNEXURE-F and forms part of this Report. There were no employees who are in receipt of remuneration in excess of the limits under Rule 5(2)(ii) and (iii) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. year ended

As per the requirement of Regulation 34(2) (e) and Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a detailed Management Discussion and Analysis Report is annexed as ANNEXURE – g and forms part of this Annual Report.

The Company has complied with the Corporate Governance Code as stipulated under the Listing Regulations. issued by The Institute of Company Secretaries of A detailed Corporate Governance Report ("CG Report") as stipulated under Regulation 34(3) read with Part C years commencing of Schedule V of the Listing Regulations is forming part of this Annual Report. The requisite certificate subject to the approval of the members at the ensuing Mr. M. D. Selvaraj (FCS: 960 / COP: 411), Managing Partner of M/s. MDS & Associates LLP (ICSI Peer Review No.3030/2023), Company Secretaries, Coimbatore confirming compliance with the conditions of corporate governance is attached to the CG Report as "ANNEXURE h".

AUdIT COMMITTEE that they

The Company has constituted an Audit Committee in accordance with the provisions of Section 177 of the Act and Regulation 18 of SEBI Listing Regulations. The matters relating to the composition, meetings, and functions of the

Audit Committee are included in the Corporate Governance Report, forming part of this report. The Board has accepted the Audit Committee's recommendations during the year wherever required and hence no disclosure is required under Section 177(8) of the Act with respect to rejection of any recommendations of Audit Committee by Board.

The Company's Whistle Blower Policy is in line with the provisions of the sub-section (9) and (10) of Section 177 of the Act and Regulation 22 of the Listing Regulations. This Policy establishes the necessary mechanism for employees to report to the management concerns about unethical behaviour or actual or suspected fraud or violation of the Company's Code of Conduct or ethics policy. Further, no member of staff has been denied access to the Audit Committee. The policy has been uploaded on the website of the Company at https://www.lgb.co.in/ wp-content/uploads/2021/08/whistle-blower-policy.pdf .

The Company's Equity Shares continue to be listed on National Stock Exchange of India Limited and BSE Limited ("Stock Exchanges") and the details of listing have been given in the Corporate Governance Report forming part of this Directors' Report. We confirm that the Listing fee for the Financial Year 2025-2026 has been paid to the Stock Exchanges within the stipulated time.

The Business Responsibility & Sustainability Report ("BRSR") of the Company for the Financial year ended 31^st March 2025 annexed as ANNEXURE I and forms an integral part of the Annual Report as required under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. hUMAN RESOURCE & INdUSTRIAL RELATIONS

The Company believes that its employees are the key growth drivers towards the sustainable performance and develop a competitive advantage. The HR policies and procedures of your Company are geared towards nurturing and development of Human Capital. During the financial year under review, your Company maintained cordial industrial relations at all levels. Your directors wish to place on record their appreciation for the commitment shown by the employees throughout the year.

The Company's plants, properties, equipment and stocks are adequately insured against all major risks. The Company has insurance cover for product liability. The Company has also taken Directors' and Officers' Liability

Policy to provide coverage against the liabilities arising on them.

Your Directors place on record their deep appreciation to employees at all levels for their hard work, dedication and commitment. The Board of Directors would also like to express their sincere appreciation for the assistance and cooperation received from the financial institutions, banks, Government authorities, customers, vendors and members during the year under review.