Lumax Auto Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2025
LUMAXTECH · price
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Lumax Auto Technologies held its 44th AGM on August 25, 2025 via video conferencing, attended by 82 shareholders out of 42,630 on the record date. The Managing Director reported FY2024-25 as a milestone year with the highest-ever revenue, growing 29% year-on-year, and EBITDA crossing INR 500 crore for the first time at INR 516 crore (up 25%). The company announced a dividend of Rs. 5.50 per equity share and outlined a new strategic theme 'Towards North Star: Shaping Tomorrow's Possibilities'. Key strategic updates included the acquisition of the remaining 25% stake in IAC International Automotive India (making it a wholly owned subsidiary) and plans to set up a new technology centre 'SHIFT' in Bengaluru plus a branch office in China. The management set mid-term targets of 20%+ revenue CAGR, 20%+ revenue from clean and future mobility solutions, 20% EBITDA margin, and 20%+ ROCE. All six ordinary resolutions, including financial statements, dividend, director re-appointment, related party transactions with Lumax Industries, and secretarial auditor appointment, were placed for member approval via e-voting.
The AGM reinforces a positive growth narrative for shareholders with record FY25 results, a healthy dividend, and clear mid-term targets aimed at transforming the company from a Tier 1 to Tier 0.5 system integrator. The IAC acquisition and clean-mobility focus suggest potential upside in future revenue and margins, while successful shareholder voting is expected to remove governance overhangs.