Lumax Auto Technologies Limited has informed the Exchange that LUMAX AUTOCOMP PRIVATE LIMITED has been incorporated in New Delhi on July 24, 2025 as a Wholly Owned Subsidiary of the Company.The Ministry of Corporate Affairs, Central Registration Centre on July 24, 2025 has issued a Certificate of Incorporation of LUMAX AUTOCOMP PRIVATE LIMITED
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Lumax Auto Technologies has set up a new wholly owned subsidiary called Lumax Autocomp Private Limited, incorporated in New Delhi on July 24, 2025. The new company has an authorized and paid-up share capital of Rs. 10 lakh (1,00,000 equity shares of Rs. 10 each), with Lumax Auto Technologies holding 100% stake through cash subscription. The subsidiary will operate in the automotive components sector, aligned with the parent's core business, to pursue further growth opportunities in the auto space. The transaction is at arm's length, requires no government approvals, and the new entity is not yet operational (no turnover).
This is a routine corporate restructuring move to create a focused vehicle for growth in the automotive components segment. Minimal financial impact given the small initial capital, but signals the company's intent to expand its auto components business. Shareholders may view this as a positive step towards business expansion, though no immediate material effect on earnings is expected.