The Board of Directors have recommended the Appointment of Statutory Auditors of the Company. The same is enclosed herewith.
LMW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LMW Limited reported FY2026 audited standalone revenue of Rs.3,082 crores (up 5.9% YoY) with net profit of Rs.154 crores, versus Rs.238 crores in FY2025 which included a one-time gain. Consolidated revenue stood at Rs.3,207 crores with net profit of Rs.131 crores. The Board recommended a dividend of Rs.35 per share (350%). Key governance changes include: statutory auditor change from S Krishnamoorthy & Co to Brahmayya & Co (completing their second term); re-appointment of Managing Director Sanjay Jayavarthanavelu for 5 years; appointment of new Independent Director Narayanan Vellayan; and appointment of Sri Chandrashekar R as Head-Foundry and ATC. The 63rd AGM will be held on July 24, 2026.
The company delivered steady revenue growth with lower standalone profits due to the absence of one-time gains. The dividend at Rs.35 per share provides shareholder returns. The routine auditor rotation and new independent director appointment reflect standard corporate governance practices with no red flags.