LMW Limited (formerly Lakshmi Machine Works Limited) has initiated the remote e-voting process for shareholders to approve a Special Resolution amending Clause III(a) of its Memorandum of Association. The voting window, which opened on August 12, 2026, allows members to cast their votes on expanding the company’s operational scope into six new industries, including electric vehicles, renewable energy, and electronics manufacturing. This strategic expansion aims to align the company’s legal framework with emerging market opportunities beyond its traditional textile machinery and engineering roots.

Regulatory Compliance and Voting Details

The Postal Ballot Notice was dispatched via email on August 11, 2026, in compliance with Section 110 of the Companies Act, 2013, Rule 22 of the Companies (Management and Administration) Rules, 2014, and various Ministry of Corporate Affairs (MCA) Circulars, including General Circular No. 3/2025 dated September 22, 2025. The company also published advertisements regarding the ballot in Business Line (English) and Hindu Tamil (Tamil) on August 12, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

National Securities Depository Limited (NSDL) is facilitating the e-voting process through its platform at www.evoting.nsdl.com . The key dates for the voting process are as follows:

Only shareholders registered in the Register of Members or Register of Beneficial Owners as of the cut-off date are eligible to vote. Physical copies of the ballot notice are not being dispatched in adherence to MCA guidelines; all communication is conducted electronically.

Proposed Business Expansion

The Board of Directors approved the proposal on July 24, 2026, to insert six new sub-clauses (28 to 33) into the Objects Clause. This amendment requires approval by a Special Resolution under Section 13 of the Companies Act, 2013, and subsequent approval from the Registrar of Companies.

The proposed new business areas are:

Shareholder Instructions

Shareholders who have not registered their email addresses must do so through the Company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited. Demat shareholders should update their contact details with their Depository Participants. For technical assistance, NSDL shareholders may contact Ms. Pallavi Mhatre at evoting@nsdl.com or +91 22 4886 7000, while CDSL shareholders can reach helpdesk.evoting@cdslindia.com .

The results of the postal ballot will be announced within two working days of the voting conclusion and communicated to BSE Limited and the National Stock Exchange of India Limited.

LMW Limited reported a consolidated revenue of ₹902 crore for the quarter ended June 2026, remaining largely flat compared to the previous quarter’s ₹972 crore but rising 24% year-on-year from ₹722 crore in June 2025. Profit before tax (PBT) surged 151% YoY to ₹85 crore, up from ₹34 crore in the corresponding period last year and an 18% increase quarter-on-quarter from ₹72 crore. The company’s net profit stood at ₹75 crore, slightly down from ₹78 crore in the previous quarter.

The Textile Machinery Division (TMD) contributed ₹482 crore to revenue, down marginally from ₹485 crore in the prior quarter but up 16% YoY from ₹415 crore. The division maintains a secured order book of ₹3,200 crore, with active orders totaling ₹2,400 crore. Sales mix for the quarter was 64% domestic, 10% exports, and 26% spares. Management highlighted that state policies in Gujarat, Odisha, and Madhya Pradesh, along with Free Trade Agreements (FTAs), are driving new order inflows despite a broader industry slowdown in spindle installations over the past two years.

Segment Performance

The Advanced Technology Centre (ATC) division reported revenue of ₹60 crore, up from ₹57 crore in the previous quarter and ₹46 crore in June 2025. ATC holds an order book of approximately ₹1,000 crore for execution over three to three-and-a-half years, with 90% of this value tied to exports. The revenue split within ATC is 80% metallics and 20% composites. Margins in ATC improved due to a higher mix of assembled components versus raw materials.

The Machine Tool Division and Foundry generated revenue of ₹343 crore, down from ₹352 crore in the prior quarter but up significantly from ₹251 crore in June 2025. The foundry business accounts for roughly 8% of this segment’s revenue. Capacity utilization in the Machine Tool Division stands at 75-80%, with management noting potential to increase output by 15-20% without additional capital expenditure. Revenue breakdown for this division was 56% automotive, with the remainder spread across EMS, general engineering, and other sectors.

International subsidiaries faced mixed results. LMW Global reported turnover of ₹51 crore against a loss of ₹5.6 crore, while LMW China saw turnover drop sharply to ₹11 crore from ₹76 crore in the prior year, though losses narrowed to ₹7 crore from ₹11.5 crore. LMW China holds an order book of ₹128 crore.

What the Numbers Show

A key analytical observation is the divergence between top-line growth and expense control. While consolidated revenue grew 24% YoY, other expenses increased by only 4%, indicating significant operational leverage. This efficiency was partly driven by voluntary retirement scheme (VRS) costs incurred in the previous quarter and ongoing cost optimization initiatives. Additionally, the surge in PBT (151% YoY) outpaced revenue growth, suggesting that margin expansion in high-value segments like ATC and improved capacity utilization in machine tools are driving profitability more than volume growth alone.

Management noted that input costs, including commodities and logistics, have risen by 3-3.5% due to geopolitical tensions in the Middle East. However, supply chain resilience measures and price revision clauses in contracts for ATC and Foundry divisions are helping mitigate these impacts. The company also announced plans for a new ATC facility with ₹150 crore allocated for land and building construction over 18-24 months to support scaling operations.