L.G. Balakrishnan & Bros (NSE:LGBBROSLTD, BOM:500250) has signed a non-binding memorandum of understanding with the Tamil Nadu government through its nodal agency, Guidance, to receive infrastructural support and regulatory facilitation, according to a Wednesday filing.

The arrangement will help the company secure required permissions, approvals, allotments, clearances, and state-level incentives, reaffirming its commitment to invest in Tamil Nadu, the filing said.

Shares of the company were down nearly 1% in Thursday's trade.