LMW Limited reported its audited financial results for the quarter and year ended 31st March 2026. The Board of Directors has recommended a final dividend of Rs. 35 per share (350%) for the financial year. Additionally, the company announced strategic leadership appointments, the transition of its statutory auditors, and a USD 30 million investment in its wholly-owned subsidiary, LMW Holding Limited, to drive global expansion.
Financial Performance Overview
For the financial year ended 31st March 2026, LMW Limited achieved standalone revenue from operations of Rs. 3,081.84 crore, compared to Rs. 2,909.40 crore in the previous year. The standalone net profit for the year stood at Rs. 153.92 crore. On a consolidated basis, the company reported revenue of Rs. 3,207.42 crore and a net profit of Rs. 130.73 crore. The Board has recommended a dividend of Rs. 35 per equity share (having a face value of Rs. 10 each), subject to shareholder approval at the upcoming Annual General Meeting.
Strategic Investments and Operations
To bolster its global operations, 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 (DIFC), UAE. This capital infusion is intended to support the subsidiary’s Capex and working capital requirements, enhancing LMW’s presence in international markets.
Leadership and Governance Appointments
The company announced significant leadership transitions to ensure continued strategic growth. Sri Sanjay Jayavarthanavelu has been re-appointed as the Managing Director for a five-year term commencing 1st April 2027. In the operations division, Sri M Sankar has been re-appointed as the Wholetime Director (Designated as Director Operations) for three years starting 25th October 2026. Furthermore, Sri Chandrashekar R has been appointed as the Head – Foundry and Advanced Technology Centre (ATC) effective 20th May 2026.
Board and Audit Transitions
As part of its governance roadmap, the company will see a change in statutory auditors. M/s. S Krishnamoorthy & Co. will retire at the conclusion of the 63rd Annual General Meeting on 24th July 2026. The Board has recommended the appointment of M/s. Brahmayya & Co. as the new statutory auditors for a term of five consecutive financial years, starting from 2026-27. Additionally, the company has recommended the appointment of Sri Narayanan Vellayan as an Independent Director for a five-year term effective 25th July 2026.
Source: BSE
