LUMAX AUTO TECHNOLOGIES LIMITED has informed the Exchange about Resignation of Statutory Auditor
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S.R. Batliboi & Co. LLP has resigned as the Statutory Auditor of IAC International Automotive India Private Limited, a material subsidiary of Lumax Auto Technologies, effective August 12, 2025. The auditor had been appointed in September 2024 for a full 4-year term ending with the FY 2027-28 AGM, so this is a midterm exit. The reason given is a routine alignment of the subsidiary's auditor with the Holding Company's (Lumax Auto Technologies) auditor. No concerns, qualifications, or disputes with management were flagged, and the last report submitted was a clean limited review for Q1 FY26 (quarter ended June 30, 2025).
This is a routine, governance-aligned change at the subsidiary level with no red flags reported, and is unlikely to materially affect Lumax Auto Technologies' shareholders. Investors may watch for the appointment of a new auditor aligned with the parent company's auditor to ensure a smooth transition.