LMW Limited has informed the Exchange regarding Change in Auditors of the company.
LMW · price
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LMW Limited reported FY2026 audited results with standalone revenue from operations of Rs 3,081.84 crore (up 5.9% YoY) and net profit of Rs 153.92 crore. 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%). Key changes include the retirement of statutory auditors M/s S Krishnamoorthy & Co after their second consecutive term, with M/s Brahmayya & Co recommended for a 5-year term from FY2027. The Board re-appointed Sri Sanjay Jayavarthanavelu as Managing Director for 5 years from April 2027, Sri M Sankar as Wholetime Director for 3 years, and Sri Aroon Raman as Independent Director for another 5-year term. Sri Narayanan Vellayan is proposed as a new Independent Director from July 2026.
Steady operational performance with revenue growth and dividend declaration. Auditor change is routine (completion of term limits) with no adverse indicators. Board continuity maintained with standard re-appointments and one new independent director addition.