Lumax Auto Technologies Limited has informed the Exchange about the change in designation, as recommended by the Nomination and Remuneration Committee, of Mr. Deepak Jain (DIN: 00004972) from Non-Executive Director to Vice Chairman (Non-Executive), w.e.f. Mav 29, 2026, of the Company.
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Lumax Auto Technologies announced the elevation of Mr. Deepak Jain from Non-Executive Director to Vice Chairman (Non-Executive), effective May 29, 2026. The Board meeting also approved the audited financial results for Q4 and FY2026. Standalone revenue grew 25.6% to Rs. 3,605.49 crore, while consolidated revenue rose 33.9% to Rs. 4,870.33 crore. Consolidated profit after tax increased 47.2% to Rs. 337.15 crore compared to the previous year. The Board recommended a final dividend of Rs. 5.50 per share (275% on face value of Rs. 2) for FY2026, subject to shareholder approval. The company also plans to acquire the remaining 15.97% stake in Lumax FAE Technologies Private Limited to make it a wholly-owned subsidiary.
The designation change elevates Mr. Deepak Jain's role without altering his non-executive status. Strong financial performance with ~47% growth in consolidated PAT is positive for shareholders. The dividend recommendation and stake acquisition in LFAE signal continued confidence in business growth.