LMW Limited — Others, 14-05-2025: Change in Auditors

LMW Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company posted standalone revenue of ₹2,909.40 Cr and net profit of ₹238.24 Cr for the year. Consolidated revenue stood at ₹3,012.01 Cr with net profit of ₹102.61 Cr. A dividend of ₹30 per share has been proposed, pending shareholder approval. The Board appointed MDS & Associates LLP as Secretarial Auditors and Sri A N Raman as Cost Auditor for FY 2025-26. LMW plans to invest up to USD 20 million in its UAE subsidiary to support capex and working capital. Related party transactions with Lakshmi Electrical Control Systems Limited will also require shareholder approval. The company remains focused on growing its Textile Machinery and Advanced Technology divisions amid some segment challenges.