Board Meeting20 May 2026, 06:02 pm
LMW Ltd Approves ₹35 Dividend, Reappoints MD & Whole-time Director
AI Summary
LMW Ltd's Board of Directors approved a dividend of ₹35 per equity share (350%) for FY26, subject to shareholder approval. They re-appointed Sri Sanjay Jayavarthanavelu as Managing Director for 5 years from April 1, 2027, and Sri M Sankar as Whole-time Director for 3 years from October 25, 2026, also subject to shareholder approval. The board also approved the audited financial results for the quarter and year ended March 31, 2026, and recommended the appointment of M/s Brahmayya & Co. as the new Statutory Auditors for 5 years starting FY27, replacing M/s S Krishnamoorthy & Co.
Key Highlights
- LMW Ltd declared a dividend of ₹35 per share for FY26, pending shareholder approval.
- Sri Sanjay Jayavarthanavelu re-appointed as Managing Director for 5 years from April 1, 2027.
- Sri M Sankar re-appointed as Whole-time Director for 3 years from October 25, 2026.
- M/s Brahmayya & Co. recommended as new Statutory Auditors for 5 years starting FY27.
- AGM scheduled for July 24, 2026, via video conferencing.
Price Impact
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