The Board of Directors in their meeting held on May 29, 2026, considered, approved and recommended the Material Related Party Transaction entered/ to be entered with Lumax Industries Limited ....
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 of Rs 3,60,549 Lakhs (up 25.5% YoY) and consolidated revenue of Rs 4,87,033 Lakhs (up 34% YoY). Standalone PAT grew 20.5% to Rs 20,688 Lakhs while consolidated PAT surged 47% to Rs 33,715 Lakhs. The Board recommended a final dividend of Rs 5.50 per share (275% on face value). 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 material related party transactions with Lumax Industries Limited for FY2027, and approving investments/guarantees up to Rs 500 Crores and Rs 36 Crores respectively. Mr. Deepak Jain was redesignated as Vice Chairman (Non-Executive). The auditor gave an Unmodified Opinion. The 45th AGM is scheduled for August 24, 2026.
Strong financial performance with revenue and profit growth signals healthy business momentum. The related party transaction approvals and acquisition of remaining stake in subsidiary indicate continued expansion of the auto components business.