The Board of Directors have recommended the proposal for obtaining the approval of the shareholders at the ensuing AGM for the material related party transactions.
LMW · price
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LMW Limited reported FY2026 standalone revenue of Rs 3,081.84 crore and net profit of Rs 153.92 crore, down from Rs 238.24 crore in FY2025, primarily due to the prior year including a one-time gain of Rs 131.61 crore from subsidiary sale. 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%) for shareholder approval at the 63rd AGM on 24th July 2026. Key governance changes include changing statutory auditors from S Krishnamoorthy & Co to Brahmayya & Co, re-appointing Managing Director Sanjay Jayavarthanavelu for 5 years, and recommending new Independent Director Narayanan Vellayan. The Board also sought shareholder approval for material related party transactions with Lakshmi Electrical Control Systems Limited and approved additional investment in wholly-owned subsidiary LMW Holding Limited, UAE.
The profit decline reflects a normalized year after exceptional gains in FY2025 rather than operational weakness; the company's core operations remain healthy with positive cash flows. The dividend declaration signals confidence in financial stability. The leadership continuity and auditor change are routine governance matters with no material impact on operations.