LMW Limited has announced its audited financial results for the quarter and year ended 31st March 2026. The Board of Directors has recommended a dividend of Rs. 35/- per equity share (350%) for the financial year. Additionally, the company disclosed several strategic leadership changes, including the re-appointment of its Managing Director and other senior directors, and confirmed an additional investment in its wholly-owned subsidiary, LMW Holding Limited, in the United Arab Emirates.
Financial Performance Overview
For the financial year ended 31st March 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 after tax for the year stood at Rs. 153.92 crore. The Board of Directors has recommended a dividend payout of Rs. 35/- per equity share, subject to approval by shareholders at the upcoming 63rd Annual General Meeting scheduled for 24th July 2026.
Strategic Investments and Expansions
The company 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 support the subsidiary’s operational expansion, including requirements for capital expenditure and working capital. The acquisition is expected to be completed by August 2026.
Leadership and Governance Updates
The company announced a series of key leadership re-appointments to ensure continued strategic oversight:
- Managing Director: Sri Sanjay Jayavarthanavelu has been re-appointed for a further term of 5 years, effective from 1st April 2027.
- Wholetime Director: Sri M Sankar has been re-appointed for 3 years, effective from 25th October 2026.
- Independent Directors: The Board recommended the re-appointment of Sri Aroon Raman for a second term of 5 years from 11th May 2027, and the new appointment of Sri Narayanan Vellayan for a 5-year term effective 25th July 2026.
- Management Changes: Sri Chandrashekar R has been appointed as Head – Foundry and Advanced Technology Centre, joining the company’s senior management team effective 20th May 2026.
Change in Statutory Auditors
Following the conclusion of their second consecutive term, the current statutory auditors, M/s S Krishnamoorthy & Co, will retire at the 63rd Annual General Meeting. The Board has recommended the appointment of M/s Brahmayya & Co., Chartered Accountants, as the new statutory auditors for a term of 5 consecutive financial years, starting from the 2026-27 fiscal year.
Source: BSE
