Lakshmi Machine Works Limited announced that the Board of Directors at their meeting held on January 25, 2013 has accepted the nomination of Sri. V. Sathyakumar, as Director by LIC on the Board of Company with effect from January 25, 2013, in place of Sri Basavaraju, the present nominee Director of LIC whose resignation was accepted effective from January 25, 2013. Further, the Board has appointed Mr.Basavaraju, as Additional Director on the Board of Company with effect from January 25, 2013.