The Board of Directors in their meeting held on May 28, 2026 considered, approved and recommended the Material Related Party entered /to be entered with Lumax Auto Technologies Limited for approval of shareholders during the Financial year 2026-27
LUMAXIND · price
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Lumax Industries reported strong FY2026 audited results. Standalone revenue grew ~23% to Rs 4,184 crore with profit after tax up ~60% YoY to Rs 146.50 crore. Consolidated PAT was Rs 172.47 crore, up ~23% YoY. The Board recommended a final dividend of Rs 55 per share (550%), up from Rs 35 last year. Key management changes include Deepak Jain's designation changing to Chairman (Whole Time Director) and Anmol Jain elevated to Managing Director, both effective May 28, 2026 pending shareholder approval. Mr. Tadayoshi Aoki was re-appointed as Senior Executive Director for 3 years from February 2027. The Board seeks shareholder approval for material related party transactions with Lumax Auto Technologies Limited for FY2026-27. The 45th AGM is scheduled for August 24, 2026 with record date August 6, 2026.
Strong financial performance with 60% PAT growth and increased dividend payout is positive for shareholders. Management restructuring secures leadership continuity. The related party transaction approval is standard governance requiring shareholder clearance.