LMW Board Approves FY26 Audited Results, Recommends ₹35 Dividend, Appoints New Auditors and MD
LMW Limited's Board approved audited FY26 results and recommended a ₹35 dividend. Sri Sanjay Jayavarthanavelu was re-appointed Managing Director for five years from April 1, 2027. Sri M Sankar re-appointed Wholetime Director for three years from October 25, 2026. M/s Brahmayya & Co. appointed as new statutory auditors for five years from FY27.
The announcement includes crucial financial results, a substantial dividend recommendation, and significant changes in management and auditor appointments, which can have a material impact on investor decisions and company operations.
The company announced positive financial results, recommended a significant dividend, and made key appointments, all of which are generally viewed positively by the market.
LMW Limited's Board of Directors, in a meeting held on May 20, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The company reported its standalone and consolidated financial results, which will be published in Business Line and Hindu Tamil on May 21, 2026. The auditors have provided an unmodified opinion on these results.
The Board recommended a dividend of ₹35 per equity share (350%) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
The 63rd AGM is scheduled to be held on Friday, July 24, 2026, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Register of Members and Share Transfer Books will be closed from July 18, 2026, to July 24, 2026, inclusive, for determining dividend eligibility. The record date for the dividend is set for July 17, 2026.
Significant changes were also approved concerning the company's auditors and key management personnel. M/s S Krishnamoorthy & Co, the current statutory auditors, will retire at the conclusion of the 63rd AGM. The Board recommended the appointment of M/s Brahmayya & Co. as the new statutory auditors for a term of five consecutive financial years, commencing from the financial year 2026-27, subject to shareholder approval.
Furthermore, the Board approved the re-appointment of Sri Sanjay Jayavarthanavelu as Managing Director for a further period of five years, commencing from April 1, 2027. Sri M Sankar was re-appointed as Wholetime Director (Director Operations) for three years from October 25, 2026. Sri Aroon Raman was recommended for re-appointment as an Independent Director for a second term of five years effective May 11, 2027. Sri Narayanan Vellayan was recommended for appointment as an Independent Director for five years from July 25, 2026.
Sri A N Raman was appointed as the Cost Auditor for the financial year 2026-27. The Board also recommended shareholder approval for material related party transactions with Lakshmi Electrical Control Systems Limited. Sri Chandrashekar R was appointed as Head – Foundry and Advanced Technology Centre (ATC) and will be part of the Senior Management Personnel (SMP) with effect from May 20, 2026.
Lastly, the Board approved an additional investment in LMW Holding Limited, DIFC, United Arab Emirates, a wholly-owned subsidiary. The meeting commenced at 2:00 PM and concluded at 4:40 PM. The information will be available on the company's website, www.lmwglobal.com.
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LMW Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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