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 proposal to seek approval of the shareholders to advance any loan/give guarantee/ provide security under Section 185 of the Companies Act, 2013, for an amount not exceeding Rs. 500 Crores, as recommended by the Audit Committee.
LUMAXTECH · price
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Lumax Auto Technologies reported strong FY26 results with standalone revenue growing 25.5% to Rs. 3,605 Crores and consolidated revenue jumping 34% to Rs. 4,870 Crores. Standalone PAT rose 20% to Rs. 207 Crores while consolidated PAT surged 47% to Rs. 337 Crores. The Board recommended a dividend of Rs. 5.50 per share (275%) for FY26, subject to shareholder approval. Key corporate actions include acquiring the remaining 15.97% stake in Lumax FAE Technologies to make it a wholly-owned subsidiary, seeking shareholder approval for loans/guarantees up to Rs. 500 Crores, investing Rs. 3 Crores in Lumax Yokowo Technologies, and providing corporate guarantees up to Rs. 36 Crores for Lumax Alps Alpine India. The company also completed two mergers during the year (Lumax Ancillary Limited and IAC International Automotive India Private Limited) with prior periods restated accordingly. Auditors issued an unmodified opinion on the financial statements.
Strong revenue and profit growth demonstrates solid operational performance driven by the auto components business. The dividend recommendation provides shareholder returns while strategic acquisitions strengthen the subsidiary structure. The Rs. 500 Crore loan/guarantee limit provides financial flexibility for future investments.