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, issued and paid-up share capital of Rs. 10 lakhs, divided into 1,00,000 equity shares of Rs. 10 each, fully subscribed by Lumax Auto Technologies via cash. The subsidiary will operate in the automotive components sector and is intended to help the company pursue further growth opportunities in the auto space. As a freshly incorporated company, it has no turnover yet, and no government or regulatory approvals were required for the setup.
The financial outlay is very small (Rs. 10 lakhs), so there is no immediate material impact on the stock. However, the new subsidiary reflects management's intent to create a dedicated vehicle for future growth in the automotive components business, which could become significant if capital is later deployed into this entity.