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Latest news about Veejay Lakshmi Engineering Works

Veejay Lakshmi Engineering Works Appoints Three New Directors in Board Meeting 10 days ago

Veejay Lakshmi Engineering Works announced the appointment of three new directors following a board meeting on 2nd March 2026. The appointments include Mr. Sargunam Ranganathan as Whole-time Director and Mr. Sanjay Dharamsi Shah and Ms. Indira Veeraraghavan as Additional Non-Executive Independent Directors, all for 5-year terms subject to shareholder approval.

Veejay Lakshmi Engineering Works Schedules Board Meeting on March 02, 2026 for Independent Director Appointment Feb 23, 2026

Veejay Lakshmi Engineering Works Limited Announces Resignation of Independent Director R. Gurubatham Feb 16, 2026

Veejay Lakshmi Engineering Works Reports Q3FY26 Net Loss of ₹173.40 Lakhs Amid Revenue Decline Feb 13, 2026

Veejay Lakshmi Engineering Works Announces Retirement of Independent Director Sri Krishnamoorthi Narendra Jan 01, 2026

More news about Veejay Lakshmi Engineering Works

11Nov 25

Veejay Lakshmi Engineering Works Reports Widened Losses in H1 FY26

Veejay Lakshmi Engineering Works Limited reported a 39.38% decrease in net loss for H1 FY26, despite challenging market conditions. Total revenue increased by 2.39% to Rs. 3,980.26 lakhs. The Textile Division, contributing 79.78% of total revenue, showed higher losses compared to the Engineering Division. Basic EPS improved from -6.54 to -3.96. The company's total assets stood at Rs. 5,785.92 lakhs with long-term borrowings of Rs. 2,142.46 lakhs as of September 30, 2025.

17Oct 25

Veejay Lakshmi Engineering Works' Non-Executive Chairman V.J. Jayaraman Passes Away at 83

Veejay Lakshmi Engineering Works Limited announced the death of its Non-Executive Chairman, Sri V.J. Jayaraman, on October 17, 2025. Jayaraman, 83, died due to age-related ailments. He was related to the company's Managing Director, Sri J. Anand, and Director, Smt Arthi Anand. The company, listed on BSE with scrip code 522267, manufactures machinery including Two For One Twisters, Rewinding Machines, and Precision Assembly Winders.

18Sept 25

Veejay Lakshmi Engineering Works Appoints R Padmavathi as New CFO

Veejay Lakshmi Engineering Works Limited has appointed Smt R Padmavathi as its new Chief Financial Officer and Key Managerial Person, effective September 19, 2025. The appointment was approved by the Board of Directors on September 17, 2025, following recommendations from the Nomination and Remuneration Committee and the Audit Committee. Padmavathi, with over 30 years of experience in financial accounting, auditing, and taxation, has been with the company for more than 20 years. She replaces Sri D Ranganathan, who resigned on June 23, 2025. Padmavathi's appointment complies with regulatory requirements and is expected to bring continuity and depth of company-specific knowledge to the financial leadership.

16Aug 25

Veejay Lakshmi Engineering Works Reports Rs 331.48 Crore Loss in FY2025

Veejay Lakshmi Engineering Works Limited reported a net loss of Rs 331.48 crore for FY2024-25, an improvement from the previous year's loss of Rs 455.54 crore. Sales turnover declined to Rs 7,964.93 crore from Rs 8,709.10 crore. The engineering division faced sluggish demand, selling only 35 twisting machines compared to 63 in the previous year, but saw increased spare parts sales. The textile division experienced margin pressures due to lower yarn prices. The company attributes the reduced loss to better price realization in machine sales and increased spares sales in the engineering division, as well as reduced cotton prices in the textile division.

07Aug 25

Vijay Lakshmi Engineering Works Reports 14.7% Revenue Growth in Q1

Veejay Lakshmi Engineering Works Limited (VLEW) reported a 14.7% increase in total revenue from operations, reaching Rs 2052.09 lakhs in Q1. Net profit after tax rose by 4.8% to Rs 471.31 lakhs, with EPS improving to Rs 9.30. The Textile Division was the primary revenue generator, contributing Rs 1500.94 lakhs, while the Engineering Division generated Rs 551.15 lakhs. The company's consolidated results, including its associate Veejay Sales and Services Limited, also showed positive performance.

29Jul 25

Veejay Lakshmi Engineering Works CFO and Director D. Ranganathan Resigns Citing Health Reasons

D. Ranganathan, Director and CFO of Veejay Lakshmi Engineering Works Limited, has resigned effective June 23, 2025, citing health reasons. Ranganathan, 72, served the company for over 15 years, holding key positions in the Audit, Stakeholders Relationship, and Finance Committees. The Board of Directors accepted his resignation in a meeting on July 19, 2025, expressing appreciation for his long-standing service. Ranganathan's resignation letter was submitted on July 11, 2025, after a brief period of consideration following management's request to defer his decision.