LMW Limited Approves 350% Dividend, Announces New Directors, and Releases Financial Results for FY 2026
LMW Limited announced key corporate developments following its Board of Directors meeting held on May 20, 2026. The Board approved the company's audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommended a dividend of Rs. 35 per equity share for the financial year ending March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM).The company is set to convene its 63rd Annual General Meeting on Friday, July 24, 2026, via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The record date for determining eligible shareholders for the dividend is set as Friday, July 17, 2026.
Financial Results and Performance
The audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were made available.The consolidated financial results for the year ended March 31, 2026, showed a total revenue from operations of 3,207.42 crore. The total expenses for the period amounted to 2,985.39 crore, leading to a profit before exceptional items and tax of 194.99 crore. After accounting for the tax expense of 51.08 crore, the net profit from ordinary activities after tax was 130.73 crore. Total comprehensive income for the year reached 107.67 crore.
The consolidated balance sheet shows total assets at 4,262.03 crore as of March 31, 2026, compared to 4,007.89 crore on March 31, 2025. Total equity attributable to owners of the company stood at 2,866.52 crore.
Summary of Key Financial Data (Crores INR):
| Metric | Quarter Ended 31.03.2026 (Audited) | Year Ended 31.03.26 (Audited) | Year Ended 31.03.25 (Audited) |
|---|---|---|---|
| Total Revenue from Operations | 933.16 | 3,207.42 | 3,012.01 |
| Total Income from Operations | 971.81 | 3,353.36 | 3,136.68 |
| Total Expenses | 893.57 | 3,158.37 | 2,985.39 |
| Net Profit from Ordinary Activities After Tax | 63.69 | 130.73 | 102.61 |
| Total Assets | 4,262.03 | 4,262.03 | 4,007.89 |
| Total Equity Attributable to Owners | 2,866.52 | 2,866.52 | 2,777.42 |
Governance and Leadership Appointments
The Board also reviewed several key appointments and changes in governance structure:Auditors:
The Board recommended the retirement of the present Statutory Auditors, M/s S Krishnamoorthy & Co., Chartered Accountants. Subsequently, the Directors recommended the appointment of M/s Brahmayya & Co., Chartered Accountants, Chennai, as the Statutory Auditors for a term of five consecutive financial years, commencing from the financial year 2026-27.
Directors and Management Personnel:
The Board approved the re-appointment of Sri Sanjay Jayavarthanavelu as the Managing Director for a further period of five years, commencing from April 1, 2027. Additionally, the following appointments and re-appointments were approved:
- Wholetime Director: Sri M Sankar was recommended for re-appointment as Wholetime Director (Designated as Director Operations) for three years, commencing from October 25, 2026.
- Independent Directors: Sri Aroon Raman was recommended for re-appointment as an Independent Director for five consecutive years, effective May 11, 2027. A second appointment was recommended for Sri Narayanan Vellayan as an Independent Director for five years, effective July 25, 2026.
- Head - Foundry and ATC: The Board approved the appointment of Sri Chandrashekar R as the Head - Foundry and Advanced Technology Centre (ATC) with effect from May 20, 2026.
- Cost Auditor: Sri A N Raman was approved as the Cost Auditor for the financial year 2026-27.
Material Related Party Transactions (RPT):
The Board also recommended a proposal to obtain shareholder approval for material related party transactions with Lakshmi Electrical Control Systems Limited.
Strategic Investments
In a corporate expansion move, the Board approved an additional investment in LMW Holding Limited, a Wholly Owned Subsidiary located in the Dubai International Financial Centre, United Arab Emirates. The funds are intended to expand the operations for Capital Expenditure and Working Capital Requirements of LMW Holding Limited. The acquisition is expected to be completed by August 2026.The Company's segment-wise revenue for the year ended March 31, 2026, totalled 3,115.98 crore (Net Sales/Income from Operations), with the Textile Machinery Division contributing the largest portion at 1,801.17 crore.
LMW Stock Price Movement
LMW Limited shares today slipped by 1.65% to settle at ₹14395. The stock traded a total volume of 1,749 shares during the session, marking a noticeable downturn for the Capital Goods sector.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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