Lumax Auto Technologies Limited has informed the Exchange that Board of Directors in their meeting held on May 29, 2025 have approved the following :1. the investment for an amount upto Rs. 0.51 Crore (Approx.) to acquire stake in the Equity Share Capital of AMPIN C&I Private Limited's Subsidiary which is yet to be incorporated (the Special Purpose Vehicle "SPV")2. Incorporation of 2 (two) Wholly Owned Subsidiary (WOS) Companies in the name of "Lumax Auto Solutions Private Limited" and "Lumax Autocomp Private Limited" or any other name as may be approved by the Ministry of Corporate Affairs. Office of the Registrar of Companies Central Registration Centre.
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Lumax Auto Technologies' Board, at its May 29, 2025 meeting, approved an investment of up to Rs. 0.51 crore to acquire a stake in a Special Purpose Vehicle (SPV) that will be a subsidiary of AMPIN C&I Private Limited. The SPV is yet to be incorporated. Additionally, the Board approved setting up two wholly owned subsidiaries named 'Lumax Auto Solutions Private Limited' and 'Lumax Autocomp Private Limited', subject to MCA approval. These steps point to Lumax expanding its business footprint through both partnerships and new subsidiary vehicles.
For shareholders, this signals business expansion, though the Rs. 0.51 crore stake is a small financial commitment. The new wholly owned subsidiaries could support future growth, but near-term stock impact is likely limited given the modest investment size.