Lumax Auto Technologies Limited has informed the Exchange about Effectiveness of the Scheme of Amalgamation between Lumax Ancillary Limited and Lumax Auto Technologies Limited and their respective Shareholders and Creditors
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The scheme of amalgamation between Lumax Ancillary Limited (transferor) and Lumax Auto Technologies Limited (transferee) has become effective from March 31, 2026. The NCLT had already sanctioned the scheme earlier, and the companies have now filed the certified copy of the NCLT order with the Registrar of Companies. The appointed date for the merger is April 1, 2024, meaning the merger is effective retrospectively from that date.
Lumax Ancillary Limited is now merged into Lumax Auto Technologies, which could lead to consolidation of operations and financial statements. Shareholders of Lumax Ancillary would receive shares of Lumax Auto Technologies as per the swap ratio, potentially expanding the shareholder base of the listed entity.