Lumax Industries Limited has informed the Exchange regarding Cessation of Tetsuya Hojo as Non- Executive Director of the company w.e.f. May 26, 2025.
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Lumax Industries Limited has informed the stock exchanges that Tetsuya Hojo has ceased to be a Non-Executive Director of the company with effect from May 26, 2025. No reason for the cessation has been disclosed in the filing. Tetsuya Hojo is associated with the Lumax-DK Group, which has Japanese partner Stanley Electric Co. as a key stakeholder in Lumax Industries. The board will now have one fewer non-executive director, and the company may need to fill the vacancy in due course as per regulatory requirements.
This is a routine board-level change with no immediate financial or operational impact on shareholders. Investors should watch for any subsequent disclosure on whether a replacement will be appointed, particularly one linked to the Japanese joint venture partner.