The Board of Directors of the Company in their meeting held on May 29, 2026 have considered and approved the following changes in Director/ Auditors:- (1). Change in designation of Mr. ....
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 consolidated revenue of Rs 4,870 crore (up 34% YoY) and net profit of Rs 337 crore (up 47% YoY). The Board approved acquisition of remaining 15.97% stake in Lumax FAE Technologies to make it a wholly-owned subsidiary. Mr. Deepak Jain's designation was changed from Non-Executive Director to Vice Chairman (Non-Executive). The company recommended a dividend of Rs 5.50 per share (275%) for FY2025-26, subject to shareholder approval. Other approvals include investment up to Rs 3 crore in Lumax Yokowo Technologies, corporate guarantee of Rs 36 crore for Lumax Alps Alpine India, and related party transactions with Lumax Industries up to Rs 500 crore.
The strong financial performance and 275% dividend signal healthy growth. The designation change of Mr. Deepak Jain to Vice Chairman represents increased executive responsibility for a promoter family member. The stake acquisition in Lumax FAE and related party transactions indicate continued consolidation strategy.