The Board of Directors in their meeting held on May 29, 2026 have approved the following: (1). To acquire remaining stake of 15.97% in Lumax FAE Technologies Private Limited (LFAE) from ....
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Lumax Auto Technologies' board approved acquiring the remaining 15.97% stake in Lumax FAE Technologies Private Limited (LFAE) from Francisco Albero S.A.U, making LFAE a wholly-owned subsidiary. The company reported strong FY2026 results with standalone revenue growing 25.5% to Rs 3,605 crore and consolidated revenue rising 34% to Rs 4,870 crore. Consolidated profit after tax jumped 47% to Rs 337 crore. The board recommended a dividend of Rs 5.50 per share (275%) for FY2025-26, subject to shareholder approval. Mr. Deepak Jain's designation changed to Vice Chairman (Non-Executive). Additional approvals include Rs 3 crore investment in Lumax Yokowo Technologies and Rs 36 crore corporate guarantee for Lumax Alps Alpine India.
The acquisition of full ownership in LFAE strengthens control over the subsidiary and eliminates minority interests. Strong revenue and profit growth demonstrates solid operational performance. The dividend signals confidence in cash flows. Shareholders should benefit from both growth trajectory and shareholder returns.