Lumax Auto Technologies Limited has informed the Exchange that further to the intimation dated August 12, 2025, S.R. Batliboi & Co. LLP, Chartered Accountants (Firm Registration No: 301003E/E300005) have tendered their resignation as the Statutory Auditors of IAC International Automotive India Private Limited (formerly known as Lumax Integrated Ventures Private Limited), a material subsidiary of the Company, with effect from August 12, 2025.
LUMAXTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
S.R. Batliboi & Co. LLP has resigned as the Statutory Auditors of IAC International Automotive India Private Limited, a material subsidiary of Lumax Auto Technologies, effective August 12, 2025. The firm was originally appointed in September 2024 for a four-year term ending with the FY2027-28 AGM, so this is a mid-term exit. The reason cited is routine: Lumax wants to align the subsidiary's auditor with the Holding Company's auditor, since S.R. Batliboi's tenure at the parent had already ended at the September 2024 AGM. The auditor confirmed no concerns, no disputed matters, and had issued an unmodified limited review for Q1 FY26.
This is a procedural, housekeeping change with no governance red flags — the auditor itself confirmed there were no issues. Shareholders should not read this as a negative signal; it simply means a new auditor will be appointed at the subsidiary level to match the parent's auditor.