LMW Limited has been penalized Rs 22,42,792 by the Commercial Tax Officer, Hubballi, for clearing an export consignment with an incorrect E-way bill. The company disclosed that the communication was received on June 12, 2026, and pertains to an issue identified in June 2026. Despite the penalty, LMW stated there is no material impact on its financials, operations, or other activities due to the order.

The regulatory communication was submitted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authority identified the specific non-compliance as the clearance of an export consignment using an incorrect E-way bill. In response to the penalty, the company plans to challenge the order.

LMW intends to file an appeal before the Deputy Commissioner of Commercial Tax, Hubballi, Karnataka. The disclosure was made by C R Shivkumaran, Company Secretary & Compliance Officer, confirming the details provided to the stock exchanges.

Details of the communication

LMW Limited has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹35 per share for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors on May 20, 2026, translates to 350% of the face value of ₹10 per share and is payable only after approval by shareholders at the upcoming Annual General Meeting.

The 63rd Annual General Meeting is scheduled to be convened at 2:45 PM IST on Friday, July 24, 2026, through Video Conference or Other Audio-Visual Means without a physical venue. Members participating via video conference will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013. The Notice of the AGM and the Annual Report will be sent via email to registered members and made available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited.

Shareholders must ensure their bank details and email addresses are updated to receive the payout electronically, as physical dividend warrants are no longer issued. Shareholders holding shares in demat form must update details with their Depository Participant, while those holding physical shares must submit Form ISR-1 to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The company will not pay dividends through physical mode.

Additionally, shareholders are required to submit necessary documents or declarations regarding Tax Deduction at Source (TDS) on dividend to the Registrar and Share Transfer Agent by July 24, 2026. This will enable the company to apply the appropriate TDS percentage, as dividends are taxable in the hands of recipients under the Income Tax Act, 2025.

Key AGM and Dividend Details