'
LMW hosted a
conference call on Oct 29, 2024. In the conference call the company was
represented by Senthil, CFO of the company.
Key takeaways of
the call
Textile Machine
division order book currently stands at Rs 3300 crore of which active orders
are Rs 2500 crore. LMW China order book
is Rs 22 crore and the order book of UAE based LMW Global FZE is currently at
Rs 280 crore.
The Board of Directors on Oct 28,
2024 have approved the proposal for the transfer of equity shares/equity
interest held by the Company in its wholly owned subsidiaries viz. LMW Global
FZE, UAE and LMW Textile Machinery (Suzhou) Co Ltd, China to its other wholly
owned subsidiary viz. LMW Holding Limited, UAE. Consequent to the
aforementioned transfer of shares, LMW Global FZE, UAE and LMW Textile
Machinery (Suzhou) Co Ltd, China will become wholly owned su...
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