LMW Limited has informed the Exchange regarding 'Proposal to obtain Shareholders approval at the ensuing AGM for the Material Related Party transactions'.
LMW · price
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LMW Limited's Board meeting held on 20th May 2026 approved the audited standalone and consolidated financial results for Q4 and FY ended March 2026. Standalone revenue from operations stood at Rs 3,081.84 crore with net profit after tax of Rs 153.92 crore. Consolidated revenue was Rs 3,207.42 crore with net profit after tax of Rs 130.73 crore, compared to Rs 102.61 crore in the prior year. The Board recommended a dividend of Rs 35 per equity share (350%) for FY 2025-26, subject to shareholder approval at the 63rd AGM on 24th July 2026. Record date for dividend eligibility is 17th July 2026. Key governance changes include change in statutory auditors from S Krishnamoorthy & Co to Brahmayya & Co, reappointment of Managing Director Sanjay Jayavarthanavelu for 5 years from April 2027, appointment of Sri Narayanan Vellayan as Independent Director, and additional investment in LMW Holding Limited DIFC, UAE (wholly owned subsidiary). Shareholder approval is also being sought for material related party transactions with Lakshmi Electrical Control Systems Limited.
Strong financial performance with near 28% rise in standalone net profit year-on-year and a generous 350% dividend signals confidence. Multiple leadership and governance approvals at the AGM reduce key-person risk. Material RPT approval and new subsidiary investment reflect continued strategic expansion.