The Board of Directors in their meeting held on May 29, 2026 have considered and approved the proposal to seek approval of Shareholders to advance any loan/give guarantee/provide security ....
LUMAXTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lumax Auto Technologies reported strong FY2026 results with standalone revenue up 25.5% to Rs 3,605 Crore and consolidated revenue up 33.9% to Rs 4,870 Crore. Standalone profit after tax grew 20.5% to Rs 206.9 Crore while consolidated PAT rose 47.1% to Rs 337.1 Crore. The Board recommended a final dividend of Rs 5.50 per share (275% on face value of Rs 2), subject to shareholder approval at the AGM on August 24, 2026, with record date August 6, 2026. Key corporate actions include acquiring the remaining 15.97% stake in Lumax FAE Technologies to make it a wholly-owned subsidiary, seeking shareholder approval for loans/guarantees up to Rs 500 Crore, investing Rs 3 Crore in Lumax Yokowo Technologies, and issuing Rs 36 Crore corporate guarantee for Lumax Alps Alpine India. Mr. Deepak Jain's designation changed to Vice Chairman (Non-Executive).
Strong financial performance with ~47% growth in consolidated PAT signals robust business momentum. The 275% dividend declaration with ~3%+ yield is positive for income-seeking investors. Multiple strategic acquisitions and investments indicate active portfolio consolidation in the auto components space.