Lumax Auto Technologies Limited has informed the Exchange about Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) with respect to receipt of an Order-in-Appeal dated February 18, 2026 with respect to the first appeal before the Joint Commissioner of State Tax, Appeals, Pune Division-2, Maharashtra. The first appeal filed by the Company has been partly allowed and the demand has been reduced from Rs. 3,52,19,923/- (including Interest and penalty) to Rs. 1,03,78,580/- (including Interest and penalty).
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Lumax Auto Technologies received an Order-in-Appeal dated February 18, 2026, from the Joint Commissioner of State Tax, Appeals, Pune Division-2, Maharashtra. The company's first appeal was partly allowed, with the total demand (including interest and penalty) reduced from Rs. 3,52,19,923 to Rs. 1,03,78,580. This represents a reduction of roughly 70% in the original demand. The matter pertains to state tax and the remaining liability now stands at about Rs. 1.04 crore.
Partially positive for shareholders as the tax liability has been significantly reduced, though a residual demand of ~Rs. 1.04 crore remains. The financial impact is likely manageable given its size relative to the company, but it confirms an ongoing tax dispute that investors should monitor.