Lakshmi Machine Works Ltd
Lakshmi Machine Works Ltd Company History
Lakshmi Machine Works is engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings and parts and components for Aero space industry.(Source : 202303 Annual Report Page No: 145)
2003
Board approves for the acquisition of wholly owned subsidiaries of the company - LMW Investments Ltd and Deejay Leasing Company Ltd.
LTE Industries acquires 12000 shares amounting to .984% of LMW Ltd.
Stocks appreciated by about 65%.
Charges Rs.8.3 crs for the dimunition in the value of investments.
Offers 1:200 swap ratio or cash option of Rs.10 for each Textool share for its merger with the company.
Board of Industrial Finance and Reconstruction approves for the merger of Textool Company with LMW Ltd.
2003
2004
Sri R R Nair has been appointed as Nominee Director of LIC
Lakshmi Machine Works recommends 100% dividend
2004
2005
K. Duraisami was appointed as Company Secretary & Compliance Officer of the Company
Lakshmi Machine has recommended a Dividend of Rs 150 per Equity Share of Rs 100 each.
2005
2006
Lakshmi Machine received the National Award for `Excellence in Water Management'.
Company has splits its Face value of Shares from Rs 100 to Rs 10
2006
2007
Lakshmi Machine has recommended interim dividends of Rs 40/- per share.
2007
2008
Lakshmi Machine has recommended a final dividend of Rs 25/- per equity
2008
2009
LMW introduces new LR9 series of ring frames that are built with 1,632 spindles.
2009
2010
Lakshmi Machine Works forays into China
2010
2011
The company has recommended a Dividend of Rs. 30/- per Equity Shares of Rs. 10 each
2011
2012
Lakshmi Machine was awarded by EEPC INDIA Export for highest growth in exports.
The company has recommended dividend of Rs. 25/- per equity share & Rs. 10/- each and a Golden Jubilee dividend of Rs. 25/- per share. In the aggregate Rs. 50/- per share is recommended.
2012
2013
LMW showcased the Lakshmi Suction Compact Retrofit system in the recently held Texfair 2013 exhibition which was organised by SIMA held at Codissia.
The Board of Directors of the Company appointed Mr. Basavaraju as an Additional Director
during the year
The Board has recommended dividend of Rs. 20/- per equity share at Rs.10/- each.
The Company has concluded a Joint Development Agreement with M/s. Sobha Developers Limited, Bangalore for the design, development and construction of residential apartments at the Companys land situated in Coimbatore.
2013
2014
LMW showcased Latest Innovations at ITMA ASIA + CITME 2014 Exhibition, Shanghai, China.LMW, the totally integrated spinning system supplier is dedicated to 'Innovation and Value Creation' for the customer in every product and service.
IndiaÂs largest textile machine manufacturer Lakshmi Machine Works (LMW) has opened a new plant in the industrial hub here, gaining a foothold in the worldÂs biggest textile market of China.
Lakshmi Machine Works (LMW) has introduced the new version or model of 3 machines like JV Kraft, LVS25 as well as Smarturn LT at the 15th edition of Intec 2014.
Lakshmi Machine Works and Veejay Lakshmi Engineering Works Limited inks Technology Transfer Agreement.
2014
2015
LMW's participation at ITMA 2015, Milan, Italy
LMW's participation at Shanghaitex 2015, Shanghai, China
LMW was the first to launch WorldÂs fastest comber LK69
Ergonomically designed Drawframe LDAZ equipped with Duo digital
2015
2016
LMW's successful demonstration of New Products of India ITME 2016.
Launch of New innovation with automation and energy efficient spinning soultuions at INDIA ITME.
2016
2020
CII Awards LMW With "The Most Innovative Company Of The Year" 2020.
2020
2021
Best Metal Cutting Brand - 2021 Awarded by Economic Times consecutively for two years now.
2021
2022
Lakshmi Machines awarded Best Metal Cutting Brand 2022.
2022
