Lakshmi Machine Works Limited Announces the Resignation of Basavaraju as Independent Director

Lakshmi Machine Works Limited is an India-based textile machinery manufacturer. The Company is engaged in the manufacturing and selling of textile spinning machinery, computer numerical control machine tools, heavy castings and parts and components for the aerospace industry. The Company caters to both domestic and international markets. The Company operates through four divisions: Textile Machinery Division (TMD), Machine Tool Division (MTD), Foundry Division (FDY) and Advanced Technology Centre (ATC). TMD division is engaged in the manufacturing of a range of textile spinning machinery globally. MTD division is involved in developing and delivering customized machining solutions. FDY division is engaged in making precision castings for global brands across the world. ATC is involved in manufacturing aerospace components and assemblies for global players in the sector. Its TMD division offers card sliver systems, combing system, ring spinning system, compact spinning system and other.