Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 that the Hon''ble National Company Law Tribunal, ....
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The Hon'ble NCLT, New Delhi Bench has approved the Scheme of Amalgamation between IAC International Automotive India Private Limited (Transferor Company, formerly known as Lumax Integrated Ventures Private Limited) and Lumax Auto Technologies Limited (Transferee Company). The NCLT pronounced its order on May 8, 2026, with the Appointed Date being October 1, 2025. Upon the Scheme becoming effective upon filing the certified copy of the order with the Registrar of Companies, the Transferor Company will stand dissolved without being wound up. The rationale includes achieving greater integration, financial strength, operational synergies, cost savings, and reduction in regulatory compliances. All liabilities, contracts, employees, and ongoing proceedings of the Transferor Company will be transferred to Lumax Auto Technologies.
Shareholders may benefit from operational synergies and cost savings from the consolidation. The stock may see positive sentiment from the streamlined structure and improved efficiency. However, the company will assume all liabilities of the Transferor Company including contingent tax disputes.