LMW Limited has informed the Exchange about the intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Acquisition.
LMW · price
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LMW Limited held its Board meeting on 20th May 2026 and approved multiple items. The company reported standalone revenue of Rs.3,081.84 crore for FY2026, up 5.9% from Rs.2,909.40 crore in FY2025, with net profit of Rs.153.92 crore (down from Rs.238.24 crore due to prior year exceptional gains of Rs.131.61 crore from subsidiary sale). Consolidated revenue stood at Rs.3,207.42 crore. The Board recommended a dividend of Rs.35 per share (350%) for FY2026, subject to shareholder approval at the AGM on 24th July 2026. Key changes include M/s Brahmayya & Co. replacing M/s S. Krishnamoorthy & Co. as Statutory Auditors. Several director re-appointments were approved including Managing Director Sanjay Jayavarthanavelu for 5 years from April 2027. The company also approved additional investment in its wholly owned subsidiary LMW Holding Limited (DIFC, UAE) and a material related party transaction with Lakshmi Electrical Control Systems Limited. Auditors gave an unmodified opinion on the financial results.
The filing reflects routine annual business with positive operational performance. Revenue growth of ~6% and dividend of Rs.35/share are shareholder-friendly. The prior-year net profit decline was due to one-time gains from a subsidiary restructuring, not operational weakness. Additional investment in the UAE subsidiary signals continued international expansion. No acquisition was disclosed despite the headline.