Lumax Auto Technologies Limited has informed the Exchange that the Board in its meeting held on May 29, 2026 have considered and approved the proposal to issue / provide Corporate Guarantee/Letter of Comfort/Post Dated Cheques (PDCs) to secure the loan to be provided by Banks/Financial Institutions/Non-Banking Finance Companies (NBFCs) to Lumax Alps Alpine India Private Limited, for an amount upto Rs. 36 Crores.
LUMAXTECH · price
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Lumax Auto Technologies reported strong FY2026 results with consolidated revenue growing 34% to Rs. 4,870 crore and consolidated PAT rising 47% to Rs. 337 crore. The Board approved a final dividend of Rs. 5.50 per share (275% on Rs. 2 face value) subject to shareholder approval at the August 24 AGM. Key corporate actions include acquiring the remaining 15.97% stake in Lumax FAE Technologies to make it a wholly-owned subsidiary, investing Rs. 3 crore in Lumax Yokowo Technologies, and providing corporate guarantees up to Rs. 36 crore for Lumax Alps Alpine India. Mr. Deepak Jain's designation was changed to Vice Chairman (Non-Executive). The company also received NCLT approval for two mergers - Lumax Ancillary Limited and IAC International Automotive India Private Limited - with prior year figures restated.
The company's robust 47% PAT growth on consolidated basis signals strong operational performance. The dividend declaration and multiple strategic investments indicate a positive outlook, though the Rs. 36 crore corporate guarantee for a subsidiary adds contingent liability exposure for shareholders.