LMW Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 17, 2025
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LMW Limited held its 62nd AGM on July 17, 2025 via video conferencing from 3:30 PM to 4:25 PM IST, chaired by Sanjay Jayavarthanavelu. Six ordinary resolutions were tabled, including adoption of FY25 financial statements (standalone and consolidated), declaration of a dividend for FY ended March 31, 2025, re-appointment of Jaidev Jayavarthanavelu as Director (retirement by rotation), appointment of MDS & Associates LLP as Secretarial Auditors for a 5-year term, ratification of Cost Auditor remuneration for FY26, and approval of material related party transactions with Lakshmi Electrical Control Systems Limited. The statutory and secretarial audit reports contained no qualifications. A total of 55 members participated (21 from promoter group, 34 from public). The dividend is to be credited electronically or warrants dispatched by August 4, 2025 via HDFC Bank. E-voting results are to be declared within two working days.
This is a routine regulatory filing confirming the AGM was conducted in compliance with SEBI norms; shareholders should expect the FY25 dividend in their bank accounts or via warrants by August 4, 2025. No material adverse findings in audit reports is a positive signal, and the proposed related party transaction with Lakshmi Electrical Control Systems Limited is a standard item requiring shareholder approval.