Lakshmi Engineering & Warehousing Ltd
NSE: BSE: 505302
₹2055
(1.22%)
Fri, 08 May 2026, 04:37 pm
Market Cap1.37B
PE Ratio0
Dividend0
Producer Manufacturing
Industrial Machinery
24.5KCompany History
1973
- The Company was incorporated on 12th December at Chennai
- The Company was promoted by G.K. Devarajulu of Lakshmi Group of South India
- 6,00,000 shares were allotted to promoters and 7,50,000 shares to Ruti Machinery works, Switzerland
1974
- A 10 year collaboration agreement was entered into with Ruti Machinery Works Ltd., Ruti ZH, Switzerland for the manufacture of high speed `C' type looms
1979
- 16,50,000 shares were offered at par to the public during May 1976
1984
- 9,550 forfeited equity shares were re-issued
1987
- The Company's L-5000 Airjet weaving machine was being upgraded by the introduction of drum feeders, colours in the weft, micro-processor and electronic let off
- The Company undertook to manufacture Rapier conversion and a suitable jacquard for the `C' type weaving machines
- Two new moulding machines were installed as part of the modernisation scheme taken up in the foundry division
- The Company entered into a collaboration with M/s. Terrot Strickmaschinen GmbH, Germany to manufacture high speed circular knitting machines
1988
- The offtake of weaving machines suffered due to large scale imports of Airjet weaving machines by the mills
1990
- The turnover in the textile machinery division declined mainly due to go-slow by workmen
- The Coimbatore Pioneer Machine Works Ltd., was amalgamated with the Company with effect from 1st January
- 51,994 shares were allotted without payment in cash to members of Coimbatore Pioneer Machine works Ltd. on its merger
1993
- The Company allotted 30,51,994 No. of equity shares of Rs.10 each for cash at a premium of Rs.15 per share on rights basis to shareholders in the ratio of 1:1
2009
- Sri. S Pathy has been appointed as the Chairman of the Board of Directors
2011
- Smt. Aishwarya Pathy and Sri R Varadarajan have been appointed as Additional Directors of the Company
2014
- Mr. K. P. Krishnakumar has been appointed as Chief Financial Officer (CFO) of the Company with effect from September 10, 2014
2021
- The Company has split its face value from Rs. 10/- to Rs. 1/-.
2024
- The Company name has changed to Lakshmi Engineering & Warehousing Ltd. from Lakshmi Automatic Loom Works Ltd.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800