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 for Re-appointment of M/s Jitender, Navneet & Co., Cost Accountants, as Cost Auditors for the Financial Year 2026-27.
LUMAXTECH · price
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Lumax Auto Technologies reported strong FY2026 results with standalone revenue from operations growing 25.5% to Rs. 3,60,549 Lakhs from Rs. 2,87,147 Lakhs in FY25. Profit after tax increased 20.5% to Rs. 20,688 Lakhs from Rs. 17,171 Lakhs, while total comprehensive income surged 72.4% to Rs. 30,416 Lakhs. The Board recommended a final dividend of Rs. 5.50 per share (275% on face value Rs. 2). 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 related party transactions with Lumax Industries Limited, and authorizing loans/guarantees up to Rs. 500 Crores. The company also recorded exceptional items of Rs. 1,665 Lakhs (mainly Rs. 961 Lakhs for new labour codes impact and Rs. 704 Lakhs impairment on Lumax Japp Allied sale). Statutory auditors issued an unmodified opinion on the financial results.
Strong operational performance with 20%+ PAT growth and 72% increase in total comprehensive income should be positive for shareholders. The dividend and acquisitions indicate management confidence, though the Rs. 500 Crores loan facility and related party transactions warrant monitoring.