Board Meeting20 May 2026, 06:11 pm
LMW Ltd: Reappoints MD, Approves Dividend of ₹35 Per Share
AI Summary
LMW Ltd's board re-appointed Sanjay Jayavarthanavelu as Managing Director for 5 years starting April 1, 2027, and M Sankar as Wholetime Director for 3 years from October 25, 2026, subject to shareholder approval. They recommended a dividend of ₹35 per share for FY26, also subject to approval. The 63rd AGM will be on July 24, 2026, via video conferencing. Brahmayya & Co. is recommended as the new statutory auditor for 5 years, replacing S Krishnamoorthy & Co.
Key Highlights
- Sanjay Jayavarthanavelu re-appointed as Managing Director for 5 years.
- M Sankar re-appointed as Wholetime Director for 3 years.
- Dividend of ₹35 per share recommended for FY26, subject to shareholder approval.
- Brahmayya & Co. recommended as new statutory auditor for 5 years.
- AGM scheduled for July 24, 2026, via video conferencing.
Price Impact
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