Intimation of Change in Directors of the Company is attached.
LMW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LMW Limited's Board meeting on 20th May 2026 approved multiple items including audited standalone financial results showing revenue of Rs.3,081.84 crore (up 5.9% YoY) and net profit of Rs.153.92 crore (down 35.4% YoY), with EPS at Rs.144.08. Consolidated revenue stood at Rs.3,207.42 crore with net profit of Rs.130.73 crore. The Board recommended a dividend of Rs.35 per share (350%) for FY2026, subject to shareholder approval at the 63rd AGM on 24th July 2026. Key governance changes include change in statutory auditors (S Krishnamoorthy & Co retiring, Brahmayya & Co recommended), re-appointment of Managing Director Sanjay Jayavarthanavelu for 5 years from April 2027, appointment of new Independent Director Narayanan Vellayan, and re-appointment of Wholetime Director M Sankar and Independent Director Aroon Raman. Additionally, investment in wholly owned subsidiary LMW Holding Limited (DIFC, UAE) was approved.
Positive signals include dividend payout and continued leadership stability with Managing Director re-appointment. Auditor change is routine and planned. Financial performance shows revenue growth but profit decline on standalone basis due to lower exceptional items compared to prior year which had gains from subsidiary sale.