LMW Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board has recommended a dividend of Rs. 35 per share (350%) for shareholders. Furthermore, the company detailed key leadership re-appointments, the transition of statutory auditors, and an additional investment in its wholly owned subsidiary, LMW Holding Limited, to support global expansion and operational requirements.
Financial Highlights
For the financial year ended March 31, 2026, LMW Limited reported standalone revenue from operations of Rs. 3,081.84 crore, compared to Rs. 2,909.40 crore in the previous year. The net profit for the year stood at Rs. 153.92 crore. On a consolidated basis, the company achieved a revenue of Rs. 3,207.42 crore with a net profit of Rs. 130.73 crore for the same period. The auditors have provided an unmodified opinion on these financial results.
Shareholder Returns and AGM
The Board of Directors has recommended a final dividend of Rs. 35 per equity share, having a face value of Rs. 10 each, representing a 350% payout. This recommendation is subject to approval at the 63rd Annual General Meeting, scheduled for July 24, 2026. The company has set July 17, 2026, as the record date to determine shareholder eligibility for the dividend.
Leadership and Governance Changes
The company announced significant strategic updates to its leadership team: Sri Sanjay Jayavarthanavelu has been re-appointed as Managing Director for a 5-year term starting April 1, 2027. Additionally, Sri M Sankar was re-appointed as Wholetime Director (Operations) for 3 years, and Sri Aroon Raman was re-appointed as an Independent Director for a second 5-year term. Sri Narayanan Vellayan has also been recommended for appointment as an Independent Director effective July 25, 2026.
Statutory Auditor Transition
The company will transition its statutory auditors following the retirement of M/s S Krishnamoorthy & Co at the conclusion of the upcoming Annual General Meeting. The board has recommended the appointment of M/s Brahmayya & Co, Chartered Accountants, for a term of 5 consecutive financial years, covering the period from 2026-27 to 2031.
Strategic Investment
LMW Limited has approved an additional investment of up to USD 30 million in its wholly owned subsidiary, LMW Holding Limited, based in the Dubai International Financial Centre. This capital infusion is intended to expand operations, support capital expenditure, and meet the working capital requirements of the subsidiary to enhance the company’s global market presence.
Source: BSE
