L.G. Balakrishnan & Bros Limited announced a private placement of 500,000 warrants on a preferential basis on January 29, 2024. The warrants are fully convertible into fully paid up equity shares having face value of INR 10 each of the company. The transaction included participation from new investors B Vijayakumar for 3,454,000 warrants; Rajsri Vijayakumar for 2,179,156 warrants; L.G.B. Auto Products Private Limited for 1,856,000 warrants; L.G.Sports Private Limited for 450,000 warrants.

The transaction has been approved by the board of directors of the company.