Lumax Industries Limited has informed the Exchange about the Resignation of Mr. Makoto Kawamura, Executive Vice President (Global Relationship), a Senior Management Personnel of the Company.
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Mr. Makoto Kawamura, Executive Vice President (Global Relationship) and a Senior Management Personnel of Lumax Industries, has resigned effective March 28, 2025. He was a nominee of Stanley Electric Co. Ltd (Japan), the company's technical and financial collaborator, and stepped down because Stanley transferred him to Hungary. The resignation itself is routine and tied to an internal international move by the foreign partner. However, Lumax disclosed this to the stock exchanges only on July 23, 2025, acknowledging an inadvertent delay in intimation and promising timely compliance going forward.
This is a routine personnel change driven by the Japanese collaborator relocating its nominee; there is no indication of internal conflict or strategic shift. Shareholders should note the delayed disclosure as a minor governance/compliance lapse, though the company has committed to avoiding such delays in future.