Lumax Auto Technologies Limited has informed the Exchange about Receipt of order dated July 28, 2025, passed by Hon ble National Company Law Tribunal, New Delhi Bench ( NCLT ) inter alia directing the dispensation of the requirement to convene the meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors of Lumax Ancillary Limited ( Transferor Company ) and Lumax Auto Technologies Limited ( Transferee Company ).
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The NCLT New Delhi Bench, via an order dated July 28, 2025, has approved the First Motion Application in the proposed Scheme of Amalgamation of Lumax Ancillary Limited (wholly owned subsidiary) into Lumax Auto Technologies Limited. The Tribunal has dispensed with the requirement to convene meetings of equity shareholders, secured creditors, and unsecured creditors of both companies, as 100% of the Transferor's shareholders and over 90% (by value) of its creditors have already given written consent. The appointed date for the scheme is April 1, 2024, and the Boards of both companies had approved the scheme in May 2024. The amalgamation is aimed at simplifying the group's corporate structure, cutting duplication of administrative and compliance costs, and creating operational synergies in the auto components business. The company will now move to file the Second Motion Application with the NCLT within prescribed timelines to seek final approval.
This is a positive procedural step that fast-tracks the internal consolidation of a wholly owned subsidiary into the listed parent, with no new share issuance or capital restructuring involved. For shareholders, it means simpler group structure, lower compliance costs, and better operational efficiency, though there is no direct cash or share benefit since Lumax Ancillary is already fully owned by Lumax Auto Technologies.