Lumax Auto Technologies Limited has informed the Exchange that the Board of Directors in its meeting held on May 29, 2026 have considered and approved the re-appointment of Grant Thornton Bharat LLP as Internal Auditors of the company for the Financial Year 2026-27.
LUMAXTECH · price
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Lumax Auto Technologies reported strong FY2025-26 results with consolidated revenue of Rs 4,873 Crores (up 34% YoY) and consolidated PAT of Rs 3,371 Crores (up 47% YoY). The Board recommended a final dividend of Rs 5.50 per share (275%) subject to shareholder approval at the AGM on August 24, 2026. Mr. Deepak Jain was redesignated as Vice Chairman (Non-Executive) effective May 29, 2026. The company also approved acquiring the remaining 15.97% stake in Lumax FAE Technologies Private Limited from Francisco Albero S.A.U to make it a wholly-owned subsidiary. Other approvals included Rs 500 Crores limit for loans/guarantees under Section 185, Rs 3 Crores investment in Lumax Yokowo Technologies, and Rs 36 Crores corporate guarantee for Lumax Alps Alpine India. Grant Thornton Bharat LLP was re-appointed as Internal Auditors for FY2026-27.
The company delivered robust growth with 34% revenue increase driven by mergers and organic expansion. The dividend and positive earnings trajectory (EPS Rs 40.91 consolidated) are positive for shareholders. The acquisition of full stake in Lumax FAE Technologies strengthens the group's control over subsidiary operations.