Lumax Industries Limited has informed the Exchange regarding Change in Auditors of the company.
LUMAXIND · price
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Lumax Industries reported strong FY2025-26 results with standalone revenue of Rs 4,18,416 lakhs and PAT of Rs 14,650 lakhs, up 23% YoY. Consolidated revenue stood at Rs 4,19,111 lakhs with PAT of Rs 17,247 lakhs. Statutory auditors S.R. Batliboi & Co. LLP gave unmodified opinion. Key board changes include: Mr. Deepak Jain's designation changed from Chairman and Managing Director to Chairman (WTD), and Mr. Anmol Jain elevated from Joint MD to Managing Director. Mr. Tadayoshi Aoki re-appointed as Senior Executive Director for 3 years from Feb 2027. Board recommended dividend of Rs 55 per share (550%), subject to shareholder approval at the 45th AGM on August 24, 2026. Record date for dividend is August 6, 2026. Note: Despite the headline mentioning 'Change in Auditors', no change in statutory auditors was found - internal and cost auditors were merely re-appointed.
Strong financial performance with 23% PAT growth is positive for shareholders. Leadership restructuring with Anmol Jain becoming MD signals continuity of the promoter family in management. Dividend of Rs 55 per share is 57% higher than last year, reflecting healthy cash generation. No material governance concerns from this filing.