LMW Limited has announced its financial performance for the quarter and year ended March 31, 2026. The board has recommended a dividend of ₹35 per equity share (350%) and approved strategic leadership appointments. Key decisions include the appointment of new statutory auditors, the re-appointment of the Managing Director and other senior directors, and an additional investment in its Dubai-based wholly-owned subsidiary, LMW Holding Limited.
Financial Highlights for FY 2026
For the financial year ended March 31, 2026, LMW Limited reported strong revenue from operations at ₹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. The Board of Directors has recommended a dividend of ₹35 per equity share, having a face value of ₹10 each, subject to approval at the 63rd Annual General Meeting scheduled for July 24, 2026.
Strategic Leadership and Appointments
The company announced several key leadership transitions to ensure long-term stability and growth. Sri Sanjay Jayavarthanavelu has been re-appointed as Managing Director for a five-year term commencing April 1, 2027. Additionally, Sri M Sankar has been re-appointed as Wholetime Director (Director Operations) for three years starting October 25, 2026. Furthermore, the company has appointed Sri Chandrashekar R as the Head of Foundry and Advanced Technology Centre (ATC) and approved the appointment of new Independent Directors, including Sri Narayanan Vellayan.
Change in Statutory Auditors
Upon the retirement of the current statutory auditors, M/s S Krishnamoorthy & Co, at the conclusion of the 63rd AGM, the board has recommended the appointment of M/s Brahmayya & Co., Chartered Accountants, Chennai. The new auditors are proposed for a term of five consecutive financial years, spanning from 2026-27 to 2031.
International Expansion
The company has approved an additional investment in its Dubai-based wholly-owned subsidiary, LMW Holding Limited. This investment, which is not to exceed USD 30 million, is intended to expand operations, support capital expenditure, and meet working capital requirements to further strengthen the company’s global presence.
Source: BSE
