LMW Limited has informed the Exchange about the copy of the Notice of the 62nd Annual General Meeting to be held on Thursday, the 17th July 2025 at 03:30 PM India Standard Time ( IST ) through Video Conferencing ( VC ) / Other Audio Visual Means ( OAVM ).
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Awaiting price reaction for this filing.
LMW Limited (formerly Lakshmi Machine Works) has filed the notice for its 62nd AGM, scheduled for Thursday, 17th July 2025 at 3:30 PM via video conferencing. The ordinary business includes adoption of the FY25 standalone and consolidated financial statements, declaration of a dividend (amount not yet disclosed in the notice), and re-appointment of director Sri Jaidev Jayavarthanavelu, who retires by rotation. Under special business, shareholders will consider appointing MDS & Associates LLP as Secretarial Auditors for a first term of five years from FY26 at Rs 2.75 lakh per annum, and ratifying the Rs 7 lakh remuneration of Cost Auditor Sri A N Raman for FY26. A notable item is seeking shareholder approval for material related party transactions with Lakshmi Electrical Control Systems Limited up to Rs 450 Crores, which may exceed the 10% annual consolidated turnover materiality threshold. The book closure runs from July 11 to July 17, 2025, with the e-voting cut-off date set as July 10, 2025, and remote e-voting open from July 14 to July 16, 2025.
The Rs 450 Crore related party transaction with Lakshmi Electrical Control Systems is a sizable amount and shareholders should review the explanatory statement for terms and pricing before voting. The dividend declaration and re-appointment of the director are routine positive items, while the new secretarial auditor appointment is a standard compliance requirement under recent SEBI amendments.