Lumax Auto Technologies Limited has informed the Exchange that LUMAX AUTO SOLUTIONS PRIVATE LIMITED has been incorporated in New Delhi on July 26, 2025 as a Wholly Owned Subsidiary of the Company. The Ministry of Corporate Affairs, Central Registration Centre on July 26, 2025 has issued a Certificate of Incorporation of LUMAX AUTO SOLUTIONS PRIVATE LIMITED
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Lumax Auto Technologies has incorporated a new wholly owned subsidiary called Lumax Auto Solutions Private Limited in New Delhi on July 26, 2025. The new entity has an authorized and paid-up share capital of Rs. 10 lakhs, divided into 1 lakh equity shares of Rs. 10 each, all held by Lumax Auto Technologies. The subsidiary will operate in the automotive components sector, aligned with the parent's core business. The initial subscription was made entirely in cash and does not qualify as a related party transaction. The move is aimed at tapping growth opportunities in the automotive sector, with no additional regulatory approvals required.
This is a small but strategic step to expand Lumax Auto Technologies' presence in the automotive components space through a dedicated wholly owned entity. The initial capital outlay is minimal (Rs. 10 lakhs), so the near-term financial impact is negligible, though it signals management's intent to pursue new growth avenues which could be positive for long-term shareholders.