LMW Spins Gold: Board Recommends ₹30 Dividend, Rewarding Loyal Shareholders

Lakshmi Machine Works Ltd (LMW) has informed today that its Board of Directors have declared a dividend of ₹30 per equity share for 2024-25. The same has been approved in the board meeting held on May 14, 2025, where the company has also approved and noted its audited financial results for the quarter ended and the year ended March 31, 2025.

 

This dividend proposal bears testimony to the unflinching commitment of LMW in rewarding its shareholders, which reflects the company's healthy financial performance and robust cash flows. The proposed dividend shall be approved by the shareholders in the upcoming Annual General Meeting (AGM). The record date and payment schedule shall be announced in due course.

 

LMW, a leading textile machinery and engineering company, has a history of paying dividends in the past few years, with the last declared dividend being ₹75 per share in FY 2023-24. The recent proposal, though lower than last year, is in line with the conservative approach of the company towards capital distribution during uncertain market conditions.

 

The decision follows as LMW's shares remain strong on the exchanges, showing investors' confidence in the company's future.

 

Source: Business Standard