LMW Limited has informed the Exchange regarding the intimation of Appointment of Senior Management personnel of the Company under Regulation 30 of the SEBI Listing Regulations, 2015.
LMW · price
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LMW Limited reported FY2026 standalone net profit of ₹153.92 Cr (down from ₹238.24 Cr in FY2025) on revenue of ₹3,081.84 Cr. Consolidated net profit was ₹130.73 Cr. The decline in standalone profit is largely due to the prior year including a ₹131.61 Cr gain from sale of subsidiary investments. The Board recommended dividend of ₹35 per share (350%), up from previous year. Key governance changes include: retirement of statutory auditor S. Krishnamoorthy & Co after two terms, with Brahmayya & Co recommended as successor for 5 years; reappointment of MD Sri Sanjay Jayavarthanavelu for 5 years and Wholetime Director Sri M Sankar for 3 years; appointment of Sri Chandrashekar R as Head - Foundry and ATC (Senior Management); and recommendation of Sri Narayanan Vellayan as new Independent Director. The AGM is scheduled for 24th July 2026.
Mixed signals - profit decline year-over-year but dividend increased and strong revenue growth (5.9% standalone). Auditor change is routine rotation. Multiple leadership reappointments provide stability.