Lumax Industries Limited has informed the Exchange that Board of Directors of the Company have taken note of the cessation of Mr. Alok Verma from the position of Senior Vice President - Projects and Manufacturing Support, Senior Management Personnel of the Company, w.e.f the close of business hours of November 30, 2025, upon attaining the age of superannuation
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Lumax Industries has informed the stock exchange that Mr. Alok Verma has ceased from his role as Senior Vice President – Projects and Manufacturing Support, a Senior Management Personnel position, effective end of business hours on November 30, 2025. The cessation is on account of him attaining the age of superannuation (retirement). No reason of dispute or performance has been mentioned. The Board of Directors has formally taken note of this transition.
This is a routine, planned retirement due to superannuation and is unlikely to have any material negative impact on the stock or shareholders. Investors should watch for succession planning announcements to fill the role, but no immediate concern is warranted.