Lumax Auto Technologies Limited has informed the Exchange about the copy of order dated March 11, 2026 (received by the Company today) passed by Hon ble National Company Law Tribunal, New Delhi Bench sanctioning the Scheme of Arrangement ofAmalgamation between Lumax Ancillary Limited ( Transferor Company ) and Lumax AutoTechnologies Limited ( Transferee Company / the Company ) and their respective Shareholders and Creditors.
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The National Company Law Tribunal (NCLT), New Delhi Bench has approved the Scheme of Amalgamation of Lumax Ancillary Limited (Transferor Company) with Lumax Auto Technologies Limited (Transferee Company), with the order dated March 11, 2026. Lumax Ancillary is a wholly-owned subsidiary of Lumax Auto Technologies, and both operate in the automotive sector. The scheme is effective from the appointed date of April 1, 2024. Upon the scheme becoming effective, all assets, liabilities, contracts, employees, and proceedings of Lumax Ancillary will stand transferred to Lumax Auto Technologies, and Lumax Ancillary will be dissolved without winding up. The Official Liquidator, Income Tax Department, and Regional Director/RoC had no material objections after the company addressed initial observations on pending GST dues, contingent liabilities, and stamp duty. Since Lumax Ancillary is a wholly-owned subsidiary, no new shares are being issued and there is no change in the shareholding pattern of Lumax Auto Technologies.
This is a structural simplification move with no dilution for existing shareholders. The amalgamation should yield cost savings by removing duplication of administrative and compliance costs, and create operational synergies within the automotive business. Shareholders do not need to take any action, and there is no immediate cash impact, though Lumax Auto Technologies will absorb all existing and future liabilities of its subsidiary.