Lumax Industries Limited has informed the Exchange regarding Notice of 44th Annual General Meeting ('AGM') of the Company scheduled to be held on Monday, August 25, 2025 at 03:00 P.M. (IST)
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Lumax Industries has issued the notice for its 44th AGM, scheduled for Monday, August 25, 2025 at 3:00 PM IST via video conferencing. Key items on the agenda include adoption of FY25 audited financial statements and declaration of a dividend of ₹35 per equity share (350% on face value of ₹10), with the record date set as August 7, 2025. The meeting will also seek shareholder approval for the appointment of Mr Kenjiro Nakazono as Executive Director and the re-appointment of Mr Deepak Jain as Chairman & MD, Mr Anmol Jain as Joint MD, Mr Raajesh Kumar Gupta as Executive Director, and Mr Vikrampati Singhania as Independent Director. Additionally, members will vote on appointing a new Secretarial Auditor for 5 years, ratifying Cost Auditor remuneration of ₹1,75,000, and approving material related party transactions with Lumax Auto Technologies Limited of up to ₹675 crores for FY26. E-voting will be open from August 22 to August 24, 2025, with the cut-off date for voting eligibility set as August 19, 2025.
This is a procedural AGM notice, but the strong ₹35 dividend signals healthy returns for shareholders. The ₹675 crore related party transaction limit with Lumax Auto Technologies is a key item to watch, and the leadership re-appointments indicate continuity at the top.