I am writing this for the benefit of those who follow me in trying the same thing.
1οΈβ£ I rewrited line 145 of src/core/Makefile as follows.
gendef C:\Windows\SysWOW64\SensApi.dll
2οΈβ£ I added these lines at the top of /src/modules/crypto/Makefile.
libsensapi.a:
gendef C:\Windows\SysWOW64\SensApi.dll
3οΈβ£ I added these lines at the top of /src/modules/net/Makefile.
libsensapi.a:
gendef C:\Windows\SysWOW64\SensApi.dll
βΆοΈ With these 3 changes, and with this MinGW-W64 distro, I got 32-bit version of the LuaRT EXEs & DLL on the 64-bit Windows.
MinGW-W64 GCC-8.1.0 i686-posix-dwarf
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I hope this information is useful to someoneβΌπ