Dividend20 May 2026, 06:11 pm
LMW Ltd Approves ₹35 Dividend, Reappoints MD & Wholetime Director
AI Summary
LMW Ltd's Board of Directors approved the audited financial results for the year ended March 31, 2026, and recommended a dividend of ₹35 per equity share. They also approved the re-appointment of Sri Sanjay Jayavarthanavelu as Managing Director for five years from April 1, 2027, and Sri M Sankar as Wholetime Director for three years from October 25, 2026. Additionally, they recommended the appointment of M/s Brahmayya & Co. as the new Statutory Auditors, subject to shareholder approval at the upcoming Annual General Meeting on July 24, 2026, which will be held via video conferencing.
Key Highlights
- LMW Ltd recommends a dividend of ₹35 per equity share (350%) for FY26.
- Sanjay Jayavarthanavelu re-appointed as Managing Director for 5 years from April 1, 2027.
- M Sankar re-appointed as Wholetime Director for 3 years from October 25, 2026.
- Brahmayya & Co. recommended as new Statutory Auditors for 5 years, replacing S Krishnamoorthy & Co.
- AGM scheduled for July 24, 2026, via video conferencing.
Price Impact
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