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

Lumax Industries Limited has informed the Exchange regarding Re-appointment of Mr. Tadayoshi Aoki (DIN: 08053387) as Senior Executive Director - Whole Time Director (KeyManagerial Personnel) of the Company for the further tenure of Three (3) years w.e.f. February03, 2027

Promoter Family Board EntryManagement Changes View source PDF

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

Lumax Industries reported strong FY26 results with standalone revenue of Rs 4,18,416 lakhs (up 23% YoY) and profit of Rs 14,650 lakhs (up 60% YoY). Consolidated profit stood at Rs 17,247 lakhs. The Board approved re-appointment of Mr. Tadayoshi Aoki as Senior Executive Director for 3 years from Feb 2027, and designated Mr. Deepak Jain as Chairman (Whole Time Director) and Mr. Anmol Jain as Managing Director, both effective May 28, 2026. The Board recommended a final dividend of Rs 55 per share (550%) for FY25-26, with record date August 6, 2026. The 45th AGM is scheduled for August 24, 2026. Statutory auditors S.R. Batliboi & Co. LLP issued unmodified opinion on the financial results.

Likely market impact

Strong financial performance with 60% rise in standalone profit reflects healthy business growth. Leadership restructuring positions Anmol Jain as Managing Director, indicating planned succession. The 57% increase in dividend payout signals confidence in future earnings and is positive for shareholders.