LMW has received approval to make an additional investment by acquiring 1,10,175 shares of 1,000 United Arab Emirates Dirham (AED) each in LMW Holding, a wholly owned subsidiary of the company located in the Dubai International Financial Centre, United Arab Emirates. The funds are being invested to expand the operations for capex and working capital requirements of LMW Holding.
The acquisition is expected to be completed by August 2026. Upon completion of the acquisition of additional shares, the company will continue to retain 100% of the ownership of LMW Holding. The Board of Directors of the company at their meeting held on May 20, 2026, has approved the same.
LMW is engaged in the manufacturing and selling of textile spinning machinery, CNC Machine Tools, Heavy castings and parts and components for Aero space industry. The company caters to both domestic and international markets.
