LUMAXINDNSELumax Industries Limited· Auto AncillariesHighPositive
Announced Thu, 28 May · 19:05 IST

Lumax Industries Limited has informed the Exchange regarding Change in Designation, of Mr. Anmol Jain (DIN: 00004993) from Joint Managing Director (Key Managerial Personnel) to Managing Director (Key Managerial Personnel) w.e.f. May 28, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-7.1%1-day move
₹5924.00
prior close
₹5949.50
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AI summary

Lumax Industries' board approved Mr. Anmol Jain's elevation from Joint Managing Director to Managing Director (Key Managerial Personnel) effective May 28, 2026, pending shareholder approval via Special Resolution at the ensuing AGM. The company also released strong FY2025-26 audited results with standalone profit after tax of Rs. 14,649.59 Lakhs, up 60% from Rs. 9,151.04 Lakhs in FY2024-25. Total standalone income grew 23% to Rs. 4,21,419.98 Lakhs. The board recommended a final dividend of Rs. 55 per equity share (550%), increased from Rs. 35 per share in the prior year. Separately, Mr. Deepak Jain was re-designated from Chairman and Managing Director to Chairman (Whole Time Director), while Mr. Tadayoshi Aoki was reappointed as Senior Executive Director for three years from February 2027.

Likely market impact

The elevation of Mr. Anmol Jain signals increased operational responsibility for the next-generation leader within the promoter family. Strong 60% profit growth and a higher dividend payout are positive signals for shareholders and reflect the company's robust financial performance.