Lumax Industries Limited has informed the Exchange regarding Proceedings of the 44th Annual General Meeting of the Company held on August 25, 2025 via two-ways communication i.e. Video Conferencing or Other Audio-Visual means.
LUMAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lumax Industries held its 44th AGM on August 25, 2025, via video conferencing from 3:00 PM to 4:08 PM. Out of 20,045 total shareholders, only 120 attended the meeting (6 promoters and 114 public shareholders). The Chairman, Mr. Deepak Jain, highlighted that FY 2024-25 was the company's highest-ever revenue year and announced a new theme 'New Light, New Drive', noting that 58% of FY 2024-25 revenue came from LED products. A dividend of Rs. 35 per equity share was proposed for FY ended March 31, 2025. The Board placed 12 resolutions before shareholders, including re-appointment of key directors, appointment of a new Executive Director, and approval of material related party transactions with Lumax Auto Technologies Limited. E-voting results will be announced by August 27, 2025.
The Rs. 35 per share dividend reflects healthy cash generation and is a positive signal for shareholders. The proposed re-appointments of senior leadership (CMD, JMD, and Executive Director) ensure continuity at the top. Shareholders should watch for the e-voting results on key resolutions, especially related party transactions with Lumax Auto Technologies Limited.