LMW Limited has announced its audited financial results for the quarter and year ended 31st March 2026. The company reported a standalone annual revenue of ₹3,081.84 crore and recommended a dividend of ₹35 per equity share (350%). Additionally, the Board approved the appointment of new statutory auditors, the re-appointment of key leadership, and an additional investment of up to USD 30 million in its wholly owned subsidiary, LMW Holding Limited, DIFC, UAE.
Financial Performance Overview
For the financial year ended 31st March 2026, LMW Limited achieved a standalone revenue from operations of ₹3,081.84 crore, compared to ₹2,909.40 crore in the previous year. The net profit after tax for the year stood at ₹153.92 crore. On a consolidated basis, the annual revenue reached ₹3,207.42 crore, with a net profit after tax of ₹130.73 crore.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹35 per equity share, having a face value of ₹10 each for the financial year ended 31st March 2026. This dividend is subject to approval by the shareholders at the upcoming 63rd Annual General Meeting scheduled for 24th July 2026. The record date for determining shareholder eligibility for the dividend is set for 17th July 2026.
Leadership and Governance Updates
The company announced several key leadership changes to strengthen its governance:
- Sri Sanjay Jayavarthanavelu has been re-appointed as Managing Director for a 5-year term effective 1st April 2027.
- Sri M Sankar has been re-appointed as Wholetime Director (Director Operations) for 3 years starting 25th October 2026.
- Sri Aroon Raman has been re-appointed as an Independent Director for a second 5-year term starting 11th May 2027.
- Sri Narayanan Vellayan has been proposed for appointment as an Independent Director for a 5-year term starting 25th July 2026.
- Sri Chandrashekar R has been appointed as the Head – Foundry and Advanced Technology Centre.
Strategic Global Expansion
The Board has approved an additional investment of up to USD 30 million in LMW Holding Limited, located in the Dubai International Financial Centre (DIFC), UAE. This capital injection is intended to expand operations for Capex and working capital requirements, further enhancing the company’s global presence and access to international markets.
Change in Statutory Auditors
Following the retirement of the current auditors at the conclusion of the upcoming Annual General Meeting, the Board has recommended the appointment of M/s Brahmayya & Co., Chartered Accountants, Chennai, as the new Statutory Auditors for a consecutive term of 5 financial years, effective from 2026-27.
Source: BSE
