LMW Limited has reported its audited financial results for the quarter and year ended 31st March 2026. The company has recommended a dividend of Rs. 35 per equity share, representing a 350% payout on the face value. Additionally, the company announced strategic leadership appointments, the appointment of new statutory auditors, and further investment in its wholly owned subsidiary in the United Arab Emirates to support global operational expansion.
Annual Financial Performance
For the financial year ended 31st March 2026, LMW Limited reported revenue from operations of Rs. 3,081.84 crore on a standalone basis, 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 final dividend of Rs. 35 per share, subject to approval at the 63rd Annual General Meeting scheduled for 24th July 2026.
Strategic Leadership and Auditor Changes
The company announced several key leadership updates, including the re-appointment of Sri Sanjay Jayavarthanavelu as Managing Director for a five-year term starting 1st April 2027. Additionally, Sri M Sankar has been re-appointed as Wholetime Director (Director Operations) for three years starting 25th October 2026. In a move to transition audit oversight, M/s Brahmayya & Co., Chartered Accountants, has been recommended as the new statutory auditor for a five-year term commencing in the 2026-27 financial year, replacing the retiring firm, M/s S Krishnamoorthy & Co.
Expansion of Global Operations
LMW Limited has approved an additional investment in its wholly owned subsidiary, LMW Holding Limited, based in the Dubai International Financial Centre (DIFC). This strategic investment, not exceeding USD 30 million, is intended to expand capital expenditure and meet working capital requirements to enhance LMW’s global market presence. The project is expected to be completed by August 2026.
Management Appointments
Reinforcing its focus on specialized divisions, the company has appointed Sri Chandrashekar R as Head – Foundry and Advanced Technology Centre (ATC), effective 20th May 2026. Furthermore, the board has recommended the appointment of Sri Narayanan Vellayan as an Independent Director for a five-year term, effective from 25th July 2026, subject to shareholder approval.
Source: BSE
