Lakshmi Machine Works Limited has incorporated a wholly owned subsidiary company named "LMW Holding Limited" on 10th July 2024, the incorporation documents for which were received on July 11, 2024. LMW Holding Limited is located at Dubai International Financial Centre, Dubai, United Arab Emirates. Share Capital: AED 90,000,000/- consisting of 9,000,000 Shares of AED 10/- each.

Objects of the Company: To act as a Holding Company/Managing Office and to make investment in Industrial Enterprises & Management. Reasons for acquisition of target entity: Incorporation of a wholly owned subsidiary in Dubai International Financial Centre, UAE to enhance the global presence of LMW by gaining access to new markets through strategic alliances/partnerships and talent acquisition.