LMW plans foray in to sectors like EVs, renewables, robotics and pharma

LMW Ltd (formerly Lakshmi Machine Works Ltd), the Coimbatore-based textile machinery, CNC machine tools, precision castings, and aerospace component manufacturer, has proposed amending the Objects Clause of its Memorandum of Association (MoA) to widen the scope of its business. The amendment will enable the company to enter into several emerging sectors, including electric vehicles, renewable energy and robotics.

In a stock exchange filing, the company said that, considering the evolving business environment, technological advancements and the emergence of new-age industries and technology-oriented businesses, its Board considered it appropriate to expand the scope of the objects to be pursued by the company.

The proposed amendment would allow LMW to undertake business in a range of sectors, including pharmaceuticals and life sciences, specialty chemicals and advanced materials, electric vehicles and mobility, renewable energy, electronics manufacturing, and robotics and automation, along with allied products, technologies and services connected with these businesses.

According to the filing, the amendment is intended to facilitate future business growth and ensure that the Memorandum of Association appropriately reflects the company’s evolving business objectives.

The Board has approved the proposal to amend Clause III(a) (Objects Clause) of the Memorandum of Association, subject to the necessary statutory and shareholder approvals.

Separately, LMW reported a five-fold increase in consolidated net profit for the first quarter ended June 30, 2026. Net profit rose to ₹55 crore from ₹11 crore in the corresponding quarter last year, while revenue increased 24 per cent to ₹861 crore, compared with ₹694 crore a year earlier.