NCLT allows first motion in IAC International-Lumax Auto Tech merger

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LUMAXTECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹1689.50

prior close

₹1695.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.4%-0.1% vs market

Auto Components & Equipments peers, median of 109sector-1.6%+0.1% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+1.6

15m

+1.2

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-1.4-0.1-1.6+0.1

Next day

+1.9-1.6+3.5-1.3+3.3

-1.7-1.4-0.3-1.3-0.4

-1.0-2.7+1.7-2.4+1.5

+2.8-2.5+5.3-2.3+5.2

+3.2-2.3+5.4-2.1+5.2

-1.7-5.4+3.7-5.8+4.0

15d

-14.6-10.5-4.2-12.6-2.1

-7.0-10.3+3.3-12.5+5.4

+5.7+1.6+4.1-3.8+9.6

-3.5+3.8-7.3-3.5-0.0

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 109Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT New Delhi pronounced an order on Feb 18, 2026 on the 1st Motion for the Scheme of Amalgamation of IAC International Automotive India (Transferor, wholly owned subsidiary) with Lumax Auto Technologies (Transferee). The Tribunal dispensed with meetings of shareholders and creditors as consents were obtained (100% from secured creditors and 92.83% by value from unsecured creditors of IAC). No new shares will be issued by Lumax. Appointed date is October 1, 2025. This is the first step; final scheme sanction (second Motion) is still pending.

Likely market impact

Progress in merger with no share dilution; final NCLT sanction still needed for the scheme to take effect.