The Board of Directors at their meeting held on May 29, 2026 have considered and approved the proposal for modification in Channel Financing Facility obtained from ICICI Bank Limited relating ....
LUMAXTECH · price
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Lumax Auto Technologies reported strong FY2026 results with consolidated revenue growing 33.9% to Rs 4,87,033 Lakhs and profit after tax surging ~47% to Rs 33,715 Lakhs. Standalone PAT was Rs 20,688 Lakhs, up ~20.5% YoY. The Board approved a final dividend of Rs 5.50 per share (275%) subject to shareholder approval. Two mergers were completed (Lumax Ancillary and IAC International Automotive India) with prior year figures restated. Exceptional items of Rs 1,665 Lakhs included Rs 961 Lakhs for new labour codes and Rs 704 Lakhs impairment on sale of Lumax Japp Allied stake. The company is seeking shareholder approval for related party transactions with Lumax Industries and modifying its ICICI Bank channel financing facility structure.
Strong operational performance with ~47% PAT growth on consolidated basis. Two completed mergers and upcoming sale of Japp Allied stake signal ongoing portfolio restructuring. Related party transaction approvals and loan guarantees indicate active subsidiary financing activities.