Lumax Auto Technologies Limited has informed the Exchange the Board of Directors in its meeting held on May 29, 2026 have considered and approved the proposal to seek approval of the Shareholders with respect to the Material Related Party Transactions with Lumax Industries Limited, a related party, during the Financial Year 2026-27, as recommended by the Audit Committee.
LUMAXTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lumax Auto Technologies reported strong FY2026 results with consolidated revenue of Rs 4,87,033 lakhs (up 34% YoY) and consolidated PAT of Rs 33,715 lakhs (up 47% YoY). Standalone revenue grew to Rs 3,60,549 lakhs with PAT of Rs 20,688 lakhs. The Board recommended a final dividend of Rs 5.50 per share (275%) for FY2025-26, payable after shareholder approval at the August 2026 AGM. Key corporate actions include acquiring the remaining 15.97% stake in Lumax FAE Technologies Private Limited from FAE to make it a wholly-owned subsidiary, seeking shareholder approval for material related party transactions with Lumax Industries for FY2026-27, and approving loans/guarantees up to Rs 500 Crores and investments up to Rs 3 Crores in subsidiaries. Mr. Deepak Jain was redesignated as Vice Chairman (Non-Executive).
Strong financial growth with 47% increase in consolidated profits demonstrates operational strength. The acquisition of full stake in Lumax FAE simplifies the subsidiary structure. The shareholder approvals for related party transactions and loans are routine governance matters but important for ongoing business operations with group entities.