Lumax Auto Technologies Limited has informed the Exchange about the pronouncement of order by the Hon'ble National Company Law Tribunal, New Delhi Bench (Hon'ble NCLT' pertaining to the Company petition bearing No. CA (CAA)-95/ND/2025 (1st Motion) in respect of the Scheme of Amalgamation between IAC International Automotive India Private Limited (Transferor Company) and Lumax Auto Technologies Limited (Transferee Company) and their respective Shareholders and Creditors (Scheme), in accordance with the provisions of Section 230 to 232 and other applicable provisions of the Companies Act, 2013, read with the rules framed thereunder.
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The National Company Law Tribunal (NCLT), New Delhi Bench, has pronounced an order on the 1st Motion petition (CA(CAA)-95/ND/2025) filed by Lumax Auto Technologies for the proposed amalgamation of IAC International Automotive India Private Limited (Transferor) into Lumax Auto Technologies Limited (Transferee). The petition was filed under Sections 230-232 of the Companies Act, 2013. The 1st Motion order typically allows the scheme to proceed and directs convening of meetings of shareholders and creditors to seek their approval. The scheme still requires shareholder and creditor voting and a subsequent 2nd Motion hearing before it becomes effective.
Positive procedural development for the proposed merger, but not yet a final approval — shareholders and creditors still need to vote on the scheme before NCLT gives the final sanction.