Lakshmi Machine Works Limited Declares Final Dividend of Rs 10

The company reported net profit of Rs 26.04 crore in Q4 FY21 as against a net profit of Rs 1.88 crore in Q4 FY20. Revenue from operations increased 77.1% year-on-year (YoY) to Rs 683.69 crore during the quarter.

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Lakshmi Machine Works Limited Dividend Record Date

The company in its letter has informed the exchanges that it has fixed 14 July 2021 as the Record date. That means the dividend will be paid to those shareholders whose name appear on the Register of Members as on 14th July, 2021

Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.

Above all, here is the copy of statement, the company has sent to the exchanges:

We write to inform you that the Board of Directors of the Company at their meeting held today has recommended dividend of Rs. 10/- per equity share having face value of Rs. 10/- each for the financial year ended 31st March, 2021.

Important Dates

• Company – Lakshmi Machine Works Limited
• Script Name – LAXMIMACH (NSE) and 500252 (BSE)
• Dividend Amount – 10 Rs Per Share
• Dividend Type – Final
• Ex-Dividend Date – NA
• Record Date – 14 July 2021
• Payment Date – 9 August 2021

Also, you can find more information about Lakshmi Machine Works Ltd on National Stock Exchange and Moneycontrol – Lakshmi Machine Works Ltd is India’s largest textile machinery and CNC machine tool manufacturers. LMW has 60% market share in the domestic Textile Spinning Machinery Industry. LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products.