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LUMnx
1945..,ETERNITY
LATL:CS:BM:2025-26
Date: November 08, 2025
BSE Limited
The National Stock Exchange of India Limited
Listing & Compliance Department
Listing & Compliance Department
Phiroze Jeejeebhoy Towers,
Exchange Plaza, C-1 Block G,
Dalal Street, Mumbai - 40000 I
Sandra Kurla Complex,
Bandra (E), Mumbai - 400051
Security Code : 532796
Symbol: LUMAXTECH
Outcome of the Board Meeting held on Saturdav, ·ovember 08, 2025.
Sub: 1)
2)
Submission of Un-audited Standalone and Consolidated Financial Results for the 2nd
Quarter and Half Year ended eptember 30, 2025.
Dear Sir/Ma'am,
Pursuant to the provisions of Regulation 30 and other applicable Regulations of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred
to as "the Listing Regulations"), we hereby inform you that the Board of Directors, at their Meeting held
today i.e., Saturday, November 08, 2025, have, inter-alia, considered and approved the following matters:
I.
The Un-audited Standalone and Consolidated Financial Results for the 2nd Quarter and Half Year
ended September 30, 2025, as recommended by the Audit Committee. A copy of the Un-audited
Standalone and Consolidated Financial Results along with Limited Review Reports, received from
Price Waterhouse Chartered Accountants LLP, Statutory Auditors, are enclosed herewith as per
Regulation 33 of the Listing Regulations.
The extracts of Un-audited Consolidated Financial Results will be published in the Newspapers in
terms of Regulation 47(1) of the Listing Regulations, as amended from time to time.
2.
Re-appointment of Mr. Dhanesh Kumar Jain (DIN :00085848) as Executive Chairman -Whole Time
Director (Key Managerial Personnel) of the Company for a further period of 3 (Three) Years w.e.f.
May 28, 2026, upon expiry of his present tenure, as recommended by the Nomination and
Remuneration Committee subject to approval of Shareholders by way of Special Resolution.
Mr. Dhanesh Kumar Jain is not debarred from holding office of Executive Chairman - Whole Time
Director (Key Managerial Personnel) by virtue of any SEBI order or any other such Authority.
3.
Re-appointment of Mr. Anmol Jain (DIN: 00004993) as Managing Director (Key Managerial
Personnel) of the Company for a further period of 5 (Five) years w.e.f. May 28, 2026, upon expiry
of his present tenure, as recommended by the Nomination and Remuneration Committee subject to
al-'1-''uval uf Sl1a1d1ull1e1s L,y way ul Special K.esulut1011.
Mr. Anmol Jain is not debarred from holding office of Managing Director (Key Managerial
Personnel) by virtue of any SEBI order or any other such Authority.
lumax Auto Technologies limited
Plot No -878, Udyog Vihar
Phase-V, Gurugram-122016
Haryana, India
T +91124 4760000
E shares .alumaxmail.com
www.lumaxworld.in
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New Oelhi-110046, T - +9111 4985 7832, E - cao a-lumaxmail com
DK JAIN
GROL'P
LUMnx
1945 re ETEANITY
The disclosure as required under SEBI Master Circular No. SEBJ/HO/CFD/PoD2/CJR/P/0 155 dated
November 1 I, 2024 as well as under Regulation 30 and other relevant provisions of Listing
Regulations, with regard to the re-appointments at serial nos. 2 and 3 above is enclosed herewith as
Annexure-A.
4.
Scheme of Arrangement for Amalgamation of IAC International Automotive India Private Limited
('Transferor Company') with Lumax Auto Technologies Limited ('Transferee Company') on a going
concern basis under Section 230 - 232 of the Companies Act, 20 I 3. The said Scheme of Arrangement
shall be subject to the approval of National Company Law Tribunal (NCL T) ofrelevantjurisdiction,
Shareholders and Creditors of both the Companies and other Regulatory Authorities, if any.
The Transferor Company is the wholly owned subsidiary of the Transferee Company.
The disclosure as required under SEBI Master Circular No. SEBJ/HO/CFD/PoD2/CIR/P/0 155 dated
November 11 , 2024 as well as under Regulation 30 and other relevant provisions of the Listing
Regulations, with regard to the Scheme of Arrangement for Amalgamation is enclosed herewith as
Annexure - B.
5.
Investment of an amount up to Rs. 5 Crores (Rupees Five Crores only) in the form of Optionally
Convertible Redeemable Debentures (OCRDs) in Lumax Resources Private Limited, a Wholly
owned subsidiary of the Company, as recommended by the Audit Committee.
The details as required under SEBI Master Circular No. SEBJ/HO/CFD/PoD2/CIR/P/0155 dated
November 11, 2024 as well as under Regulation 30 and other relevant provisions of the Listing
Regulations with regard to the aforesaid investment in the form of OCRDs is enclosed herewith as
Annexure - C.
6.
Investment for an amount of up to Rs. 0.93 Crores to acquire up to 26% stake in the Equity Share
Capital of Power Pulse Trading Solutions Limited ("PTSL"), a Power Trading Arm of Adani Energy
Solutions Limited for being qualified as Captive User in terms of the provisions of Electricity Act,
2003 and Electricity Rules, 2005, for the renewable energy to be generated by the power plant of
PTSL for Pant Nagar Plant of the Company.
The disclosure as required under SEBI Master Circular No. SEBI Master Circular No.
SEBJ/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 as well as under Regulation 30 and
other relevant provisions of the Listing Regulations. with regard to the aforesaid investment is
enclosed herewith as Annexure - D.
7.
Issuance of Corporate Guarantee/Letter of Comfort/Post Dated Cheques (PDCs) to secure the loan to
be provided by Oa11k.~/rinaneial Imtitutiom/l'fon·Oanking fil1ll11cc Companic3 (NOfC!J) to LumuJL
Yokowo Technologies Private Limited, for an amount up to Rs. 5 Crores (Rupees Five Crores only),
as recommended by the Audit Committee.
T +91124 4760000 r~
Lumax Auto Technologies Limited
Plot No. -878, Udyog V1har
Phase-V, Gurugram-122016
Haryana, India
E shares,a·lumaxmail com
www.lumaxworld.in
Lu111dx Aulu Tt!1.h11uluylt!s Lh111lt!U - REGD. Of'f'IC~, 2 ''Fluu1, HdlUdll, Bl1dWdl t-ll, Cu11111tt!t Lldl Cu111µ lt=x, t~dttydl Rd yd,
New Delhi-110046, T - +91 11 4985 7832, E - cao a-lumaxmail com
DK JAIN
GROUP
LUMnX
The disclosure as required under SEBI Master Circular No. SEBI/HO/CFD/PoO2/CIR/P/0 155 dated
November 11, 2024 as well as under Regulation 30 and other relevant provisions of the Listing
Regulations, with regard to the aforesaid Issuance of Corporate Guarantee/Letter of Comfort/Post
Dated Cheques (PDCs) is enclosed herewith as Annexure - E.
8.
Relocation of Accessory business of the Company to a new location within Pant Nagar, Dist. -
Udham Singh Nagar, Uttarakhand.
9.
Draft notice of Postal Ballot along with the explanatory statement and other related documents
thereof to seek approval of the Shareholders of the Company with regard to the re-appointments at
serial nos. 2 and 3 above.
10.
Appointment of Mr. Maneesh Gupta, Practicing Company Secretary (FCS No. 4982) as Scrutinizer
to conduct the Postal Ballot process in fair and transparent manner. The Board has also fixed the cut-
off date as Friday, November 21, 2025 to determine the eligible shareholders to whom the postal
ballot notice would be sent and the said cut-off date shall also be considered for the purpose of e-
voting.
The Meeting ofthe Board of Directors commenced at \ l.'.'-IS-~1-\ and concluded at 02'- 1~ PN
The above outcome shall
also be made available on the website of the Company at
https://ww, .lumaxworld.in/lumaxautotech
This is for your information and records.
Thanking you,
Yours Faithfully.
For Lumax Auto Technologies Limited
Pankaj Mahendru
Company Secretary & Compliance Officer
ICSI Membership No. A28161
Encl: As stated above
Lumax Auto Technologies Limited
Plot No. -878, Udyog Vihar
Phase-V, Gurugram-122016
Haryana, India
T +91124 4760000
E shares<ilumaxmail com
www.lumaxworld.in
Lumax Auto Technologies Limited - REGD. OFFICE: 2"Floor, Harbans Bhawan-II, Commercial Complex, ~Jangal Raya ,
New Delhi-110046, T - +9111 4985 7832. E - caoalumaxmail.com
DK JAIN
GROL:P
Lumax Auto Technologies Limited
c~_
LUMnx
Regd. Office: 2nd Floor, Harbans Bhawan-11, Commercial Complex, Nangal Raya, New Delhi-110046
Website: www.lumaxworld.in/lumaxautotech Tel: +91 11 49857832
C: rr~
Email: shares@lumaxmail.com, CIN: L31909DL 1981PLC349793
... ~ -
.... ,._, ,. .... , ...
(Rs. in Lakhs unless otherwise stated)
Statement of standalone unaudited financial results for the quarter and half year ended September 30, 2025
Sr. No.
Particulars
Quarter ended
Half year ended
Year ended
30.09.2025
30.06.2025
30.09.2024
30.09.2025
30.09.2024
31.03.2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
1
Income
a) Revenue from operations
43,600.19
36,739.53
36,976.44
80,339.72
71,162.21
1,47,542.43
b) Other income (refer note 5)
1,618.27
3,765,08
1,238.71
5,383.35
2,082.25
4,038.64
Total Income
45,218.46
40,504.61
38,215.15
85,723.07
73,244.46
1,51 ,581.07
2
Expenses
a) Cost of materials consumed
21,509.16
17,876.61
17,656.62
39,385.77
34,798.37
70,554.24
b) Purchases of stock-in-trade
7,969.05
7,112.71
6,853.49
15,081.76
12,552.05
28,271 .03
c) Changes in inventories of finished goods, stock-in-trade and work-in-progress
(263.78)
(646,96)
84,25
(910,74)
35.70
180.17
d) Employee benefits expense
5,165.16
4,675.96
4,310.54
9,841 .12
8,463 77
16,997.94
e) Depreciation and amortisation expense
946.66
911 .42
823.30
1,858.08
1,682.29
3,431 .62
f) Other expenses
6,316.72
5,035.42
4,574,50
11,352,14
8,795 20
19,054.09
g) Finance costs
1,323.65
1,145,58
875.83
2,469,23
1,799 80
3,582,61
Total expenses
42,966.62
36,110.74
35,178.53
79,077.36
68,127.18
1,42,071.70
3
Profit before tax for the period/year (1-2)
2,251.84
4,393.87
3,036.62
6,645.71
5,117.28
9,509.37
4
Income tax expense
Current lax
527.27
431.42
670.85
958.69
1,198.15
2,343.97
Deferred tax credit
(158.52)
(71 .78)
(17,69)
(230,30)
(2033)
(228.48)
Total income tax expense
368.75
359.64
653.16
728.39
1,177.82
2,115.49
5
Profit for the period/year (3-4)
1,883.09
4,034.23
2,383.46
5,917.32
3,939.46
7,393.88
6
Other comprehensive income (net of tax)
Item that will not to be reclassified lo profit or loss
Re-measurement loss on defined benefit plans
(7.87)
(7,87)
(9,76)
(15,74)
(19.52)
(31.47)
Income tax effect
1.98
1.98
2.45
3.96
4.91
7.92
Gain/ (loss) on FVTOCI financial assets
7,490.70
5,727.49
(984,63)
13,218.19
988.32
689.59
Income tax effect
(1,071 .17)
(819,03)
112.65
(1,890.20)
(113.06)
(181.82)
Other comprehensive income for the period/year (net of tax)
6,413.64
4,902.57
(879.29)
11,316.21
860.65
484.22
7
Total comprehensive income for the period/year (net of tax) (5+6)
8,296.73
8,936.80
1,504.17
17,233.53
4,800.11
7,878.10
8
Paid-up equity share capital (face value of Rs. 2 each)
1,363.15
1,363.15
1,363.15
1,363.15
1,363.15
1,363.15
9
Other equity
70,132.61
10
Earnings per share (face value of Rs. 2 each) (not annualised)
Basic & Diluted (in Rs.)
2.76
5.92
3.50
8.68
5.78
10.85
f(
Statement of standalone unaudited assets and liabilities as at September 30, 2025
(Rs. in Lakhs unless otherwise stated)
As at
As at
Sr.No. Particulars
30.09.2025
31 .03.2025
(Unaudited!
IAuditedl
I
ASSETS
Non-current assets
Property, Planl and Equipment
30,358.98
25,447.52
Righi-of-use assets
2,064.57
2,364 27
Capital wor1< in progress
2,365 32
2,070 BO
Intangible assets
12.90
16,81
Investment properties
1,527.69
1,555.83
Investment in subsidiaries
65,779.06
43,683.30
Financial Assets
Investments
30,271.52
16,907.76
Loans
618.05
691 .87
Other financial assets
1,314.66
836.61
Non-current tax assets (net)
528.16
.
Other non-current assets
856.64
847.11
Total non-current assets (A)
1,35,697 .55
94,421 .88
Current assets
Inventories
8,156.04
6,777.12
Financial assets
Investments
8,270.80
10,051 ,61
Trade receivables
28,508.27
23,96712
Cash and cash equivalents
1,051 .05
187.30
Other bank balances
479.39
147.59
Loans
201 .92
199.09
Other financial assets
638.30
803.80
Other current assets
1,956.34
3,201.83
Total current assets (B)
49,262.11
45,335.46
Total assets (A+B)
1,84,959.66
1,39,757.34
II
EQUITY AND LIABILITIES
EQUITY
Equity share capital
1,36315
1,36315
Other equity
83,617.47
70,132.61
Total equity (A)
84,980.62
71 ,495.76
LIABILITIES
Non-current liabilities
Financial liabilities
Borrowings
24,124.55
7,522.24
Lease liabilities
1,334.63
1,682.46
Deferred tax liabilities (net)
3.293.62
1.637.68
Total non-current liabilities (B)
28,752.80
10,842.38
Current liabilities
Financial liabilities
Borrowings
36,422.96
30,907.49
Lease liabilities
677.35
636.44
Trade payables
• total outstanding dues of micro and small enterprises
5,073.70
3,788.85
• total outstanding dues of other than micro and small enterprises
23,029.83
16,544.57
Other financial liabilities
2,443.57
2,654.89
Provisions • employee benefit obligations
1,558.13
1,301 .42
Current tax liabilities (net)
.
5715
Other current liabilities
2,020.70
1,528.39
Total current liabilities (C)
71 ,226.24
57,419.20
Total Equity and Liabilities (A+B+C)
1,84,959.66
1,39,757.34
Statement of standalone unaudited cash flows for the half year ended September 30, 2025
(Rs. in Lakhs unless otherwise stated)
Half year ended Half year ended
Particulars
30.09.2025
30.09.2024
(Unaudited)
(Unaudited)
Cash Flow from Operating Activities
Profit before tax
6,645.71
5,117.28
Adjustment to reconcile profit before tax to net cash flows
Depreciation and amortisation expense
1,858 08
1,682.29
Profit on sale of Property, plant and equipment (net)
(15.69)
(38.51)
Dividend income
(3,750.77)
(407.76)
Liabilities/provisions no longer required, written back
.
(9,80)
Government grant income
(202.14)
(189.59)
Advances written off
.
0.05
Pro\Jlslon for doubtful debts
4.85
Unrealfsed exchange loss/ (gain)
26.19
(5 35)
Rental income
(386.65)
(378.04)
Interest income
(168.71)
(66.01)
Finance cost
2,469.23
1,799.80
Gain on investments
(530.97)
(701 .10)
Operating profit before working capital changes
5,949.13
6,803.26
Movements in working capital:
(Increase) in trade receivables
(4,539.43)
(39.83)
(Increase) in other financial assets
(69.50)
(149.21)
Decrease/(lncrease) in other assets
1,235.81
(316.29)
(Increase) in inventories
(1,378.92)
(250.84)
Increase in trade payables
7,736.91
2,970.59
(Decrease) in other financial liabilities
(301 98)
(964.25)
Increase in other current liabilities and provisions
403.15
138.67
Cash generated from operations
9,035.17
8,192.10
Direct taxes paid
(1,544.00)
(1.421 .67)
Net cash generated from operating activities (A)
7,491.17
6,770.43
Cash flow from investing activities
Purchase of Property, plant and equipment and intangible assets (including capital work in progress and capital advances)
(6,657.52)
(1,820 56)
Proceeds from sale of property. plant and equipment
30.48
61.36
loan given to subsidiaries
(200.00)
Loan received back from subsidiaries
47.50
.
Dividend received
3,750.77
407.76
Investment in subsidiaries
(22,095.76)
(310.00)
Purchase of current investments
(10,833.92)
(933.34)
Sale of current investments
13,000.13
Redemption of bank deposits
39344
Rent received
386.65
378 04
Interest received
151.29
106.63
Net cash used in investing activities (B)
(22,220.38)
(1,916.67)
Cash flow from financing activities
Proceeds from long term borrowings
19,500.00
278.03
Repayment of long term borrowings
(1,433.04)
(1,428 13)
Proceeds from short term borrowings (Net)
3,988.61
(50 70)
Dividend paid
(3,748.67)
.
Interest paid
(2,407.02)
(1,713.51)
Payment of principal portion of lease liabilities
(306.92)
(269.02)
Net cash generatedl(used) from financing activities (C)
15,592.96
(3,183.33)
Net increase in cash and cash equivalents (A+ B + C)
863.75
1,670.43
Cash and cash equivalents at the beginning of the period
187.30
893.14
Cash and cash equivalents at the end of the period
1,051.05
2,563.57
Non-cash financing and investing activities
Acquisillon of Righi-of-use assets
.
305,34
Components of ,:;ash and cash equivalents
Cash on hand
3.69
3.84
Balance with banks
- On current accounts
1,047.36
2,459.17
- Deposits with original maturity of 3 months or less
100.56
Total cash and cash equivalents
1,051.05
2,563.57
Ii• p
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----
Notes:
1. The above Standalone Unaudited Financial Results of Lumax Auto Technologies Limited ('the Company') have been reviewed by the Audit Committee and approved by the Board of Directors at its
meeting held on November 08, 2025
2. These Standalone Unaudited Financial Results have been prepared in accordance with the recognition and measurement principles of Ind AS 34 'Interim Financial Reporting' prescribed under Section
133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 as amended and other accounting principles generally accepted
3. The Company's business activity falls within a single business segment i,e. manufacturing and trading of automotive components. Based on the information reported to the Chief Operating Decision
Maker ('CODM') for the purpose of resource allocation and assessment of performance, there are no reportable segments in accordance with requirement of Ind AS 108 on 'Operating Segment' notified
under lhe Section 133 of lhe Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 as amended. Further, lhe operations of the Company is domiciled in India
and therefore there are no reportable geographical segment.
4, On May 29, 2025, lhe Board of Directors had recommended a final dividend of Rs, 5.50 per equity share for the financial year ended March 31, 2025, which was approved by the shareholders in the
44th Annual General Meeting held on August 25, 2025, Accordingly, Rs. 3,748,67 Lakhs was appropriated as distribution to equity shareholders during lhe quarter ended September 30, 2025.
5. During lhe current quarter ended September 30, 2025, other income includes dividend from one of ils Subsidiary companies namely, Lumax Mannoh Allied Technologies Limited amounting lo Rs.
717.86 Lakhs. During lhe previous quarter ended June 30, 2025, other income includes dividend from two of its Subsidiary companies namely, IAC international Automotive India Private Limited Rs.
2,523.33 Lakhs and Lumax Comaglia Auto Technologies Private Limited Rs. 324.78 Lakhs.
6 During the current quarter ended September 30, 2025, two new companies "Lumax Autocomp Private Limited" & "Lumax Auto Solutions Private Limited" were incorporated as wholly owned subsidiary
of the Company on July 24, 2025 & July 26, 2025 respectively
7. During the previous quarter ended June 30, 2025, the Board of Directors of the Company in its meeting held on May 16, 2025 had approved acquisition of remaining 25% stake in one of its subsidiary
IAC International Automotive India Private Limited (IAC India) at a purchase consideration of Rs. 22,095.75 Lakhs. The Company on May 22, 2025 has completed this transaction and accordingly, IAC
India has become the wholly owned subsidiary of the Company.
8 On November 08, 2025, the Board of Directors of the Company has accorded its consent for proposed merger of IAC International Automotive India Private Limited with the Company
9. The above financial results are available on the Company's website ,w,wJuma>1worfd.innumaxau1otech and also on the websites of NSE twww.nseindla.com} and BSE (www.bsefndia.com).
n
' /
'
F'
Place :
Gurugram
Date :
November 08, 2025
For and on behalf of the Board of Directors of
Lumax Auto Technologies Limited
.,,!;~ ~
Chairman
DIN: 00085848
DK JAIN
GROUP
Price Waterhouse Chartered Accountants LLP
Review Report
To
The Board of Directors
Lumax Auto Technologies Limited
Plot No. 878, Phase - V, UdyogVihar,
Gurugram, Haryana - 122016
1.
We have reviewed the standalone unaudited financial results of Lumax Auto Technologies Limited
(the "Company") for the quarter ended September 30, 2025 and the year to date results for the period
April 1, 2025 to September 30, 2025, which are included in the accompanying 'Statement of
standalone unaudited financial results for the quarter and half year ended September 30, 2025', the
statement of standalone unaudited assets and liabilities as on that date and the statement of
standalone unaudited cash flows for the half year ended on that date (the "Statement"). The
Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations,
2015"), which has been initialled by us for identification purposes. The Statement is the responsibility
of the Company's management and has been approved by the Board of Directors. Our responsibility
is to issue a report on the Statement based on our review.
2. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan
and perform the review to obtain moderate assurance as to whether the Statement is free of material
misstatement.
3. A review is limited primarily to inquiries of company personnel and analytical procedures applied to
financial data and thus provides less assurance than an audit. We have not performed an audit and
accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the Statement has not been prepared in all material respects in accordance with the applicable
Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised
accounting practices and policies and has not disclosed the information required to be disclosed in
terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be
disclosed, or that it contains any material misstatement.
For Price Waterhouse Chartered Accountants LLP
Firm Registration Number: 012754N/N500016
Anurag Khandelwal
Partner
Membership Number: 078571
UDIN: 25078571BMOCFZ2315
Place: Gurugram
Date: November 8, 2025
Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002
T: +91 (124) 6169910
Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002
Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001)
with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration
number before conversion was 012754N)
Lumax Auto Technologies Limited
o_
LUMnx
Regd. Office: 2nd Floor, Harbans Bhawan-11, Commercial Complex, Nangal Raya, New Delhi-110046
C. If'" ~
Website: www.lumaxworld.in/lumaxautotech Tel: +9111 49857832
Email: shares@lumaxmail.com, CIN: L31909Dl1981PLC349793
=~
.. ;=.
(Rs. In L11khs unless otherwlse_sUlledJ
Statomont or consolldaled unaudited flnoncI0I results for 1ne quarter and hall year ended September 30, 2025
Sr. No.
Particulars
Quarter-ended
Half year ended
Year ended
30.09.2025
30.06.2025
30.09.2024
30.09.2025
30.09.2024
31.03.2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
1
Income
a) Revenue from operations
1,15,636 22
1,02,637 29
84,225 72
2, 18,273 51
1,59,818.69
3,63,666 98
b) Olher income
1,557 82
1,088 54
1,537 31
2,646 36
3,280.54
5_102 95
Total Income
1, 17,194.04
1,03 725.83
85,763.03
2,20,919.87
1,63,099.23
3,68,769.93
2
Expenses
a) Casi of malerials consumed
65,656.15
58,937.18
47,279.30
1,24,593,33
89,840.41
2,08,488 94
b) Purchases of slock-in-lrade
7,969.05
7,112 71
6,853 49
15,081 76
12,552.05
28,271 .03
c) Changes in inventories of finished goods, stock-in-lrade and work-in-progress
(189.89)
298.38
60.44
108.49
(144.88)
(2,252.07)
d) Employee benefits expense
15,072.32
13,909.37
11,394.94
28,981 69
22,17657
47,644 74
e) Depreciation and amortisation expense
4,12657
3,845 10
2,925 87
7,971 .67
5,877.56
12,862 07
f) Other expenses
11,677 55
9,891 86
8,41641
21,569 41
16,370.99
35,037 63
g) Finance costs
2,448.88
2.307.54
1,854.48
4_756 42
3,798 00
7,901.42
Total expenses
1,06, 760.63
96,302.14
78,784.93
203,062.77
150470.70
3,37,953.76
3
Profit before tax for the period/year (1-2)
10,433.41
7,423.69
6,978.10
17,857.10
12,628.53
30,816.17
4
Income tax expense
Current tax
2,703 08
2,133 27
1,76054
4,836 35
3,152.57
7,965.67
Deferred tax (credit)/charge
(25-21)
(10917)
37 13
(134.38)
130,33
(65.71)
Total income tax expense
2,677.87
2,024.10
1,797.67
4,701.97
3,282.90
7,899.96
5
Profit for the period/year (3-4)
7,755.54
5,399.59
5,180.43
13,155.13
9,345.63
22,916.21
6
Other comprehensive income (net of tax)
Item that will not to be reclassified to profit or loss
Re~measurement loss on defined benefit plans
(16 70)
(6 95)
(10 94)
(2365)
(33.83)
(22.01)
Income tax effect
446
1 75
314
6 21
8.48
5.54
Gain/ (loss) on FVTOCI financial assets
7,490 70
5,727 49
(984 63)
13,21819
988.32
689.59
Income tax effect
(1 ,071 17)
(81903)
112 65
(1 ,8902 0)
(113.06)
(181.82)
Other comprehensive income for the period/year (net of tax)
6,407.29
4,903.26
(879.78)
11,310.55
849.91
491.30
7
Total comprehensive income for the period/year (net of tax) (5+6)
14,162.83
10,302.86
4,300.65
24,465.68
10,195.54
23,407.51
8
Profit attributabl.o to:
a) Owners of Lumax Auto Technologies Limited
6,685.44
4,141 .92
4,287.61
10,827.36
7,457.42
17,776.90
b) Non-controlling interest
1 070.10
1,257.67
892.82
2,327.77
1,888.21
5,139.31
c) Total Profit (a+b)
7,755.54
5,399.59
5,180.43
13,155.13
9,345.63
22,916.21
9
other comprehensive income attributable to:
a) Owners of Lumax Auto Technologies Limited
6,407 26
4,904.28
(879 83)
11,311 54
852,17
478.91
b) Non-controlling interest
003
(1 02)
005
(0 99)
(2,26)
12..39
c} Total other comprehensive income (a+b}
6,407.29
4,903.26
(879.78)
11,310.5"5
849.91
491.30
10
Total comprehensive income attributable to: (8+9)
a) Owners of Lumax Auto Technologies Limited
13,092 70
9,046.20
3,407.78
22,138.90
8,309.59
18,255.81
b) Non-controlling interest
1,070 13
1,256 65
892 87
2,326 78
1,885.95
5,151 70
c) Total comprehensive income (a+b)
14162,.83
10 302.85
4 300.65
24465.68
10 195.54
23 407.51
11
Paid-up equity share capital (face value of Rs. 2 each}
1,363.15
1,363.15
1,363.15
1,363.15
1,363.15
1,363.15
12
Other equity
92,104.88
13
Earnings per share (face value of Rs. 2 each) (not annualised)
Basic & Diluted (in Rs,)
9.81
6.08
6.29
15.89
10,94
26.08
Koll'. St:andalono Financial lnronnallon
1
Revenue from operations
43,600.19
36,739.53
36,976.44
80,339 72
71,162,21
1,47,542 43
2
Profit before tax for the period/year
2,251 .84
4,393.87
3,036 62
6,645.71
5,117.28
9,509,37
3
Profit for the period/year
1,883,09
4,034.23
2,383.46
5,917.32
3,939.46
7,393.88
4
Total comprehensive income for the period/year
8,296.73
8,936.80
1,504.17
17,233.53
4,800.11
7,878 10
L
------
Statement of consolidated unaudited assets and llabllllles as al September 30, 2025
(Rs. in Lakhs unless otherwise stated)
Sr. No. Particulars
As at
Asal
30.09.2025
31.03.2025
(Unaudited)
(Audited)
I
ASSETS
Non-current asst!~
Property, Plant and Equipment
76,890.29
68,243 60
Right-of-use assels
13,944.53
12,421 02
Capital wor1< in progress
5,111 .59
6,924 50
Intangible assets
29,211 .80
31,087.39
Investment properties
2,196 95
2,228 87
Goodwill
17,574.96
17,574 96
Financial Assets
Investments
33,875.58
19,826 01
Loans
119.84
59 81
Other financial assets
3,116.63
2,386 85
Deferred tax assets (net)
227 29
389 97
Non-current tax assets (net)
2,493 34
1,61033
Other non-current assets
2,170 57
1,595 26
Total non-current assets (A)
1,86, 933.37
1,64,348.57
Current assets
Inventories
40,014 50
36,645.85
Financial assets
Investments
22,195 62
19,13997
Trade receivables
80,799 78
79,239 94
Cash and cash equivalents
8,300.58
7,216 57
Other bank balances
1,559 66
748 35
Loans
150 76
172 88
Other financial assets
3. 183 40
2,198 26
Other current assets
13,068 86
14,079.63
Total current assets (B)
1,69 273.16
159,441.45
Assets held for sale (C)
121 98
121.98
Total Assets (A+B+C)
3,56,328.51
3,23 912.00
II
EQUITY AND LIABILITIES
EQUITY
Equity share capital
1,363.15
1,363.15
Other equity
1,04,17014
92_ 104.88
Equity attrtbutable to equity holders of the parent (A)
1,05,533.29
93,463.03
Non-controlling interest (B)
21.496 82
35,852 95
Total Equity (A+B)
1.27030.11
1 29 32.0.98
LIABILITIES
Non-current liabilities
Fln1nc!1I llabllltles
Borrowings
40,501 46
34,146.38
Lease liabilities
11,77507
10,942.96
Provisions
312 98
298,74
Deferred tax liabilities (nel)
7,945 BB
6,353,51
Provisions • employee benefit obligations
97042
816 00
Total non-current liabilities (C)
61,505.81
52,557.59
Current liabilities
Financial liabilities
Borrowings
55,588 89
42,692.13
Lease liabililies
3,187.44
2,436 20
Trade payables
- total outstanding dues of micro and small enterprises
8,10706
6,795.18
• total outstanding dues of other than micro and small enterprises
67,875 70
61 ,791 04
Other financial liabilities
7,295.27
9,419.59
Provisions • employee benefit obligations
3,904.61
3,485 OB
Current tax liabilities (net)
958 71
767.50
Other current liabilities
20,874 91
14,646,71
Total current liabilities (D)
167,792.59
1 42.033.43
'Total Equity and Liabilities (A+B+C+D)
3,56,328.51
3,23,912.00
. L
Statement of consolidated unaudited cash flows for the half year ended September 30, 2025
(Rs. in Lakhs unless otherwise staled)
Particulars
Half year ended
Half year ended
30.09.2025
30.09.2024
(Unaudited)
(Unaudited)
Cash Flow from Operating Activities
Profit before tax
17,857 10
12,628 53
Adjustment to reconcile profit before tax to net cash flows
Depreciation and amortisation expense
7,971 67
5,877,56
Profit on sale of Property, plant and equipment (net)
(49 37)
(39,56)
Dividend Income
(469 80)
(470,54)
Liabilities/provisions no longer required, written back
.
(509,90)
Government grant income
(282.69)
(466.49)
Provision for doubtful debts
485
-
Advances written off
320
0,05
Unrealised exchange loss/ (gain)
15835
(57 90)
Rental income
(18609)
(179.21)
Interest income
(283 77)
(271 39)
Finance cost
4,756.42
3,798 00
Gain on investments
(1,12924)
(1,136.03)
Operating profit before working capital changes
28,350.63
19,173.12
Movements in working capital:
(Increase) in trade receivables
(1,554 99)
(4,512 41)
(Increase) in other financial assets
(270.31)
(2,734.84)
Decrease/ (Increase) in other assets
99949
(2,942 56)
(Increase) in inventories
(3,368.65)
(5,900 72)
Increase in trade payables
7,284 43
11,753 83
(Decrease) in other financial liabilities
(200 75)
(21145)
Increase in other current liabilities and provisions
6.462 61
3,64118
Cash generated from operations
37,702.46
18,266.15
Direct taxes paid
(5,528 15)
(3,247 03)
Net cash generated from operating activities (A)
32 174.31
15 019.12
Cash flow from investing activities
Purchase of Property, plant and equipment and intangible assets (including capital work in progress and capital advances)
(14,044.85)
(6,451-45)
Proceeds from sale of property, plant and equipment
125.17
74.63
Loan given
(300 00)
Payment for purchase of non-controlling interest
(22,095 76)
.
Dividend received
469,80
470 54
Purchase of current investments
(43,761 .98)
(901 51)
Sale of current investments
41,503 92
.
Purchase of non-current investments
(499 73)
.
Investment in bank deposits
(3,873.70)
.
Redemption of bank deposits
2,205 51
3,723.21
Rent received
186.09
179.21
Interest received
284 62
297.38
Net cash used in investing activities (B)
(39 500.911
(2 907.991
Cash flow from financing activities
Proceeds from long tern, borrowings
23,621 .63
10,763.34
Repayment of long tern, borrowings
(9,029.68)
(28,127.69)
Proceeds from short tern, borrowings (net)
4,524 69
13,15510
Dividend paid
(4,660 79)
(222 22)
Interest paid
(4,282.71)
(3,579.88)
Payment of principal portion of lease liabilities
(1 ,762.53)
(924.02)
Net cash generated/(used) from financing activities (C)
8,410.61
(8,935.37)
Net increase in cash and cash equivalents (A+B+C)
1,084.01
3,175.76
Cash and cash equivalents at the beginning of the period
7,216.57
5,102.55
Cash and cash equivalents at the end of the period
8,300.58
8,278.31
Non-cash financing and investing activities
Acquisition of Right-of-use assets
3,041 38
887 04
Components of cash and cash equivalents
Cash on hand
12 37
1012
Balance with banks
- On current accounts
6,18014
5,909 84
- Deposits with original maturity of 3 months or less
2.108.07
2,358.35
Total cash and cash equivalents
8,300.58
8.278.31
Notes:
1. The above consolidated financial results of Lumax Auto Technologies Limited ("the Holding Company") and its subsidiaries (together referred as "the Group") have been reviewed by the Audit Committee and
approve<! by the Board of Directors at its meeting held on November 06, 2025
2. The Consolidated financial results indude the results of the following entities namely, Parent Company: Lumax Auto Technologies Limited; Subsidiaries (including step down subsidiary): (a) IAC International
Automotive India Private Limited (b) Lumax Mannoh Allied Technologies Limited (c) Lumax Cornaglia Auto Technologies Private Limited (d) Lumax Alps Alpine India Private Limited (e) Lumax Ancillary Limited (f)
Lumax \luran Telematics Private Limited (g) Lumax Jopp Allied Technologies Private Limited (h) Lumax FAE Technologies Private Limited (i) Lumax Yokowo Technologies Private Limited U) Lurnax Management
Services Private Limited (k) Lumax Resources Private Limited (I) Lurnax Autocomp Private Limited (rn) Lumax Auto Solutions Private Limited (n) Greenfuel Energy Solutions Private Limited (subsidiary of Lumax
Resources Private Limited).
3 These consolidated financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as notified under Section 133 of 0111
Cornpanlet Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended The said consolidated financial results represents the results of the Group which have been prepared in
acamiance with Ind AS 110 "Consolidated Financial Statements"
d The Group's business activity falls within a single business segment i e manufacturing and trading of automotive components Based on the information reported to the Chief Operating Decision Mnk.er
('CODM') for the purpose of resource allocation and assessment of perfonmance, there are no reportable segments in accordance with requirement of Ind AS 108 on 'Operating Segment' notified under the Section
133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 as amended. Further, the operations of the Group is domiciled in India and therefore there are no
reponablo geographical segment.
5, On May 29, 2025, the Board of Directors of the Holding Company had recommended a final dividend of Rs 5 50 per equity share for the financial year ended March 31 , 2025, which was approved by the
shareholders in the 44th Annual General Meeting held on August 25, 2025 Accordingly, Rs 3,748 67 Lakhs was appropriated as distribution to equity shareholders during the quarter ended September 30, 2025.
6 During the current quarter ended September 30, 2025. two new companies "Lumax Autocomp Private Limited" & "'Lumax Auto Solutions Private Limited" were incorporated as wholly owned subsidiary of the
Holding Company on July 24, 2025 & July 26, 2025 respectively
7 During the previous quarter ended June 30, 2025, the Board of Directors of the Holding Company in its meeting held on May 16, 2025 had approved acquisition of remaining 25% stake in one of its subsidiary
IAC International Automotive India Private Limited (IAC India) al a purchase consideration of Rs 22,095 75 Lakhs The Holding Company on May 22, 2025 has completed this transaction and accordingly, tAC
India has become the wholly owned subsidiary of the Holding Company
8 The figures for the quarter and half year ended September 30, 2025, quarter ended June 30, 2025 and year ended March 31, 2025, includes the business operations of "Greenfuel Energy Solutions PtMll8
Limited" from November 26, 2024 (acquisition date) Accordingly, results for the quarter and half year ended September 30, 2025 are not comparable with the corresponding quarter and half year ended
September 30, 2024 and year ended March 31, 2025
9. The above financial results are available on the Company's website www tumaxworjd ln/lumaxautol!!Ch and also on the websites of NSE (www nse,ndia.coml and BSE (www.bse,ndia com)
Place : Gurugram
Date : November 08, 2025
For and on behalf of the Board of Directors of
Lumax Auto Technologies Limited
DK JAIN
GROUP
Price Waterhouse Chartered Accountants LLP
Review Report
To
The Board of Directors
Lumax Auto Technologies Limited
Plot No. 878, Phase - V, Udyog Vihar
Gurugram, Haryana - 122016
1.
We have reviewed the consolidated unaudited financial results ofLumaxAuto Technologies Limited
(the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries hereinafter
referred to as the "Group") (refer Note 2 on the Statement) for the quarter ended September 30,
2025 and the year to date results for the period April 1, 2025 to September 30, 2025 which are
included in the accompanying 'Statement of consolidated unaudited financial results for the quarter
and half year ended September 30, 2025', the statement of consolidated unaudited assets and
liabilities as on that date and the statement of consolidated unaudited cash flows for the half-year
ended on that date (the "Statement"). The Statement is being submitted by the Holding Company
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been
initialled by us for identification purposes.
2 . This Statement, which is the responsibility of the Holding Company's Management and has been
approved by the Holding Company's Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim
Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other
accounting principles generally accepted in India. Our responsibility is to express a conclusion on the
Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
('SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we
plan and perform the review to obtain moderate assurance as to whether the Statement is free of
material misstatement. A review of interim financial information consists of making inquiries,
primarily of persons responsible for financial and accounting matters, and applying analytical and
other review procedures. A review is substantially less in scope than an audit conducted in
accordance with Standards on Auditing and consequently does not enable us to obtain assurance that
we would become aware of all significant matters that might be identified in an audit. Accordingly,
we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation
33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended, to the extent applicable.
Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002
T: +91 (124) 6169910
Registered oHice and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002
Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001)
with effect from July 25, 2014, Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (!CAI registration
number before conversion was 012754N)
4. The Statement includes the results of the following entities:
S.No.
Name of the entity
1.
Lumax Auto Technologies Limited, the Holding Company
Subsidiary Companies
2.
Lumax Alps Alpine India Private Limited
3.
Lumax Ancillary Limited
4.
Lumax Comaglia Auto Technologies Private Limited
5.
Lumax FAE Technologies Private Limited
6.
IAC International Automotive India Private Limited (Previously known as 'Lumax
Integrated Ventures Private Limited')
7.
Lumax Ituran Telematics Private Limited
8.
Lumax Jopp Allied Technologies Private Limited
9.
Lumax Management Services Private Limited
10.
Lumax Mannoh Allied Technologies Limited
11.
Lumax Resources Private Limited
12.
Lumax Yokowo Technologies Private Limited
13.
Greenfuel Energy Solutions Private Limited (subsidiary of Lumax Resources Private
Limited)
14.
Lumax Autocomp Private Limited (incorporated on July 24, 2025)
15.
Lumax Auto Solutions Private Limited (incorporated on July 26, 2025)
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based
on the consideration of the review reports of the other auditors referred to in paragraph 6 below,
nothing has come to our attention that causes us to believe that the accompanying Statement has not
been prepared in all material respects in accordance with the recognition and measurement
principles laid down in the aforesaid Indian Accounting Standard and other accounting principles
generally accepted in India and has not disclosed the information required to be disclosed in terms of
Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or
that it contains any material misstatement.
6. The interim financial results of seven subsidiaries reflect total assets of Rs. 46,060.69 lakhs and net
assets of Rs. 16,641.47lakhs as at September 30, 2025 and total revenues of Rs. 8,692.39 lakhs and
Rs. 15,615.60 lakhs, total net profit/ Ooss) after tax of Rs. 331.97 lakhs and Rs. (10.74) lakhs and total
comprehensive income/ Ooss) of Rs. 336.76 lakhs and Rs. (3.27) lakhs, for the quarter ended
September 30, 2025 and for the period from April 1, 2025 to September 30, 2025, respectively, and
cash flows (net) of Rs. 1,478.65 lakhs for the period from April 1, 2025 to September 30, 2025, as
considered in the consolidated unaudited financial results. These interim financial results have been
reviewed by other auditors and their reports, vide which they have issued an unmodified conclusion,
have been furnished to us by the Management and our conclusion on the Statement, in so far as it
relates to the amounts and disclosures included in respect of these subsidiaries is based on the
reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matter.
For Price Waterhouse Chartered Accountants LLP
Firm Registration Number: 012754N/N500016
Anurag Khandelwal
Partner
Membership Number: 078571
UDIN: 25078571BMOCGA6728
Place: Gurugram
Date: November 8, 2025
LUMnx
1t41.,.ITEANITY
Annexure-A
Di closure as required under SEBI Master Circular No. EBI/HO/CFD/PoD2/CIR/P/0155 dated
o ember t l,
2024 along with the detail as required under Regulation 30 and other relevant provision of Securities and
Exchange Board of India (Listing Obligation and 'Disclosure Requirement ) Regulations, 2015.
S.No.
Particulars
Disclosure
I.
2.
3.
4.
Name
Reason for change viz., appointment/
re-appointment, resignation, removal,
death or otherwise
Date
of
appointment/re-
appointment/eessation (as applicable)
&
term
of
appointment/re-
appointment;
Brief Profile (in case of appointment)
Disclosure of relationship between
Directors (in case of appointment of a
director).
Lumax Auto Technologies Limited
Plot No -878, Udyog Vihar
Phase-V, Gurugram-122016
Hnrynnn lnrli;i
Mr. Dhanesh Kumar Jain
(DIN: 00085848)
Re-appointment of Mr. Dhanesh
Kumar Jain (DIN: 00085848) as
Executive Chairman - Whole Time
Director
(Key
Managerial
Personnel) of the Company.
Re-appointment
as
Executive
Chairman - Whole Time Director
w.e.f. May 28, 2026 for a further
period of 3 years subject to the
approval of the shareholders by
way of special resolution.
Mr. Dhanesh Kumar Jain, aged 83
years, is an MBA from Delhi
University
&
has
successfully
completed President Management
Program from Harvard Business
School.
He Possesses over 60 years of
experience
m
the
automotive
industry
in
management,
operations,
and
administrative
roles.
He
has
held various industry
positions like Former President of
ACMA, Past president suppliers'
association -
Toyota Kirloskar
Motors, Past Chairman of Trade
Fairs Committee ACMA, Past Co-
Chairman of Regional Committee
on Membership ofNorthern Region
CII, Past Chairman of CSR sub-
committee of the Northern Region
ofCII.
Mr. Dhanesh Kumar Jain is father
of Mr. Deepak Jain and Mr. Anmol
Jain, Directors of the Company.
T +91124 4760000
E shares'd>lumaxmail com
www.lumaxworld.in
Mr. Anmol Jain
(DIN: 00004993)
Re-appointment of Mr. Anmol
Jain
(DIN:
00004993)
as
Managing
Director
(Key
Managerial
Personnel) of the
Company.
Re-appointment
as
Managing
Director w.e.f. May 28, 2026 for a
further period of 5 (Five) years
subject to the approval of the
shareholders by way of special
resolution.
Mr. Anmol Jain, aged 46 years, is
Bachelors
in
Business
Administration
in
Finance
&
Supply
Chain
Management
(Double major) from Michigan
State University, U.S.A.
He
started
his
career
as
a
Management Trainee with GSHP,
USA and subsequently joined the
Lumax DK Jain Group in 2000.
He possesses over 25 years of
experience
in
the
automotive
industry, he has led the group
operations
contributing
signi·ficantly to its growth.
He holds various key positions in
the
different associations
like
Chairman - Northern Region -
ACMA, President - Bajaj Auto
Vendor Association, Advisor -
HCI Suppliers Club Society.
He also held various key positions
in the different associations like
National Coordinator of ACMA -
YBLF 2014-16 and also acted as
Chairman
CII
Haryana
State
Council 2012-13.
Mr. Anmol Jain is Son of Mr.
Dhanesh Kumar Jain and Brother
of Mr. Deepak Jain, Directors of
the Comoanv.
Lumax Auto Technologies Limited - REGD. OFFICE: 2""Floor. Harbans Bhawan-I1. Commercial Complex, Nangal Raya,
New Delhi-110046, T - +9111 4985 7832, E - cao [ilumaxmail.com
DK JAIN
GROCP
LUMftX
Annexure-B
Disclosure as required under SEBI Master Circular No. SEBUHO/CFD/PoD2/CIR/P/0155 dated
November 1 l, 2024 along with the details as required under Regulation 30 and other relevant
provision of
ecurities and Exchange Board of India (Listing Obligations and Disclo ure
Requirements) Regulations, 2015.
The cheme provides for Amalgamation of IAC International Automotive India Private Limited
(''Transfer01· Companv ') with Lumax Auto Technologies Limited ("Transferee Companv")
a)
b)
Name of the entity(ies) forming part of the Amalgamation/Merger, details in brief such as, size,
turnover etc.
Name of the Companies
Turnover
Net Worth
(Rs. in Crores)
(Rs. in Crores)
As on 31st March, 2025
As on 3JS' March, 2025
IAC
International
Automotive
1,218.13
486.14
India Private Limited (Transferor
Company)
Lumax
Auto
Technologies
1,475.42
714.96
Limited
(LATL
I
Transferee
Comoanv)
Whether the transaction would fall within related party transactions? If yes, whether the same
is done at "arm's length".
Yes, it will fall under Related Party Transaction, as the Amalgamation is between Holding Company
and Wholly Owned Subsidiary Company. !AC International Automotive India Private Limited
("Transferor Company") is the Wholly Owned Subsidiary Company of Lumax Auto Technologies
Limited ("Transferee Company").
However, as per the MCA Circular No. 30/2014 dated 17.07.2014, it was already clarified that
transactions arising out of the Compromises, Arrangements and Amalgamations will not attract the
requirements of Section 188 of the Companies Act, 20 I 3.
c)
Area of Business of the Entities:
Name of the Companies
Area of Business
IAC International Automotive India
Design, development and manufacture of automotive
Private
Limited
(Transferor
interior systems for various automotive industry
Company)
customers.
Lumax Auto Technologies Limited
Manufacturing and supply of automotive components
(LATL / Transferee Company)
including lighting solutions, moulded Parts and
Frame Chassis and is also engaged in the trading of
accessories for the automotive industry.
Lumax Auto Technologies Limited
Plot No. -878. Udyog Vihar
Phase-V. Gurugram-122016
Haryana. India
T +91124 4760000
E shares a:lumaxmail.com
www.lumaxworld.in
Lumax Auto Technologies Limited - REGD. OFFICE: 2 • Floor. Harbans Bhawan-II. Comme,cial Complex. Nangal Raya,
New Delhi-110046. T - +9111 4985 7832. E • caoalumaxmail.com
DK JAIN
GROL'P
LUMftX
d)
Rationale for Amalgamation/ Merger:
i.
To achieve greater integration and greater financial strength and flexibility, to maximize
overall shareholder value.
11.
To achieve cost savings from
more focused operational efforts, rationalization,
standardization and simplification of business processes, productivity improvements and
rationalization of administrative expenses.
iii.
The consolidation of activities of the Transferor Company and the Transferee Company by
way of amalgamation will lead to operational synergies, greater productivity, and economical
operations for the future growth of the Transferee Company.
iv.
The amalgamation will provide for pooling of the managerial, technical and financial
resources of the Transferor Company and the Transferee Company which will help in
increasing the competitiveness of the Transferee Company.
v.
The amalgamation will result in economies of scale, reduction in overheads including
administrative, managerial and other expenditure, operational rationalization, organizational
efficiency and optimal utilization of funds and resources.
v1.
The amalgamation will result in a significant reduction in the multiplicity of legal and
regulatory compliances required at present to be carried out by the Transferor Company and
the Transferee Company.
e)
In case of cash consideration - amount or otherwise share exchange ratio -
a.
Upon the Scheme coming into effect, all equity shares of the Transferor Company held by the
Transferee Company (either directly or through nominees) shall stand cancelled without any
further application, act or deed. It is clarified that no new shares shall be issued or payment be
made in cash whatsoever by the Transferee Company in lieu of shares of the Transferor
Company as the Transferor Company is wholly owned subsidiary of the Transferee Company.
b.
Upon coming into effect of this Scheme, the shares or the share certificates of the Transferor
Company in relation to the shares held by the Transferee Company, as the case may be shall,
without any further application, act, instrument or deed, be deemed to have been automatically
cancelled and be of no effect without any necessity of them being surrendered.
f)
Brief details of change in Shareholding Pattern (if any) of listed entity-
Pre - Arrangement Shareholding of the Lomax Auto Technologies Limited ("Transferee
Company")
Particulars
Pre- Arrangement
No. of shares
Percentage
Promoters
3.81 ,54.430
55.98
Public
3,00,03,275
44.02
Total
6,81,57,705
100.00
Post - Arrangement Shareholding of the Lomax Auto Technologies Limited ("Transferee
Company")
Particulars
Promoters
Public
Total
Lumax Auto Te cnno,o ,es Llm1,ea
g
Plot No, -878. Udyog Vihar
Phase-V. Gurugram-122016
Haryana. India
Post- Arrane:ement
No. of shares
Percentai?e
3,81,54.430
55.98
3,00,03,275
44.02
6,81,57,705
100.00
T +91124 4760000
E shares a lumaxmail.com
www.lumaxworld.in
Lumax Auto Technologies Limited• REGO. OFFICE: 2 " Floor, Harbans Bhawan-II. Commercial Complex. Nangal Raya,
New Delhi-110046, T - +9111 4985 7832. E - cao a:lumaxmail.com
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Pre and Post Merger hareholdiog of IAC lnternatfooal Automotive India Pri ate Limited
("Transferor Company")
Pre - Arrangement Shareholding of ("Transferor Company")
Particulars
Pre- Arrangement
(No. of equity shares)
(Percentage)
Promoters
10,08,459
100.00
Non-Promoters
-
-
Total
10,08,459
100.00
Note: Out of Total holding, Ten Equity shares are held by Mr. Anmol Jain, One Equity Share each
held by Mr. Deepak Jain, Mr. Sanjay Mehta, Mr. Vikas Marwah, Mr. Raajesh Kumar Gupta and Mr.
Naval Khanna as the nominee shareholder(s) ofLumax Auto Technologies Limited.
Particulars
Pre- Arrangement
(No. of preference shares)
(Percentage)
Promoters
1,30,207
100.00
Non-Promoters
-
-
Total
1,30,207
100.00
Post - Arrangement Shareholding of IAC International Automotive India Private Limited
("Transferor Company")
Particulars
Pre- Arrangement
(No. of equity shares)
(Percentage)
Promoters
-
-
Non-Promoters
-
-
Total
-
-
Particulars
Pre- Arrangement
(No. of preference shares)
(Percentage)
Promoters
-
-
Non-Promoters
-
-
Total
-
-
Lumax Auto Technologies Limited
Plot No. -878, Udyog Vihar
Phase-V, Gurugram-122016
T +91124 4760000
E shares '1-'lumaxmail com
Haryana, India
www.lumaxworld.in
Lumax Auto Technologies Limited - REGO. OFFICE: 2"'Floor. Harbans Bhawan-II. Commercial Complex. Nangal Raya,
New Delhi-110046, T - +9111 4985 7832, E - cao ¢ lumaxmail.com
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194S •• ETERNITV
Annexure- C
Disclosure as required under SEBl Master Circular No. S.EBI/HO/CFD/PoD2/CIR/P/0155 dated
ith the details a required under Regulation 30 and other relevant
provisions of the
ecurities and Exchange Board of Jndia (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Agreements (viz. loan agreement(s) or any other agreement(s) which are binding and not in
normal course of business, revision(s) or amendment(s) and termination(s) thereof
a
name(s)
of parties
with
whom
the
Lumax Resources Private Limited (LRPL), a
agreement is entered;
Wholly Owned Subsidiary of the Company
b
purpose of entering into the agreement;
C
d
e
size of agreement
shareholding, if any, in the entity with
whom the agreement is executed;
igni ft cant terms of the agreement (in brief)
special rights like right to appoint directors,
first right to share subscription in case of
issuance of shares, right to restrict any
change in capital structure etc.
To make investment in the form of Optionally
Convertible Redeemable Debentures (OCRDs)
Up to Rs. 5 Crores (Rupees Five Crores only)
I 00% (LRPL is a Wholly Owned Subsidiary of
the Company)
In case of Optionally Convertible Redeemable
Debentures (OCRDs)
I.
Instrument:
Redeemable
(OCRDs)
Optionally
Debentures
Convertible
(Unsecured)
2.
Amount: upto Rs. 5 Crores (Rupees Five
Crores only)
3.
Face Value: Rs. 10 per OCRD
4.
Coupon Rate: 0.0 I% per annum
5.
Conversion Terms:
a.
Right of conversion is with the issuer of
the financial instrument to convert each
OCRDs into one ( l) equity share any
time within the tenure of OCRDs.
b.
Tenure of the OCRDs shall be IO years.
6.
At the expiry often ( 10) years, each OCRDs
shall be mandatorily converted into one (I)
equity share. However, issuer may, at any
time prior to expiry of ten ( I 0) years convert
the OCRDs in the ratio of I: I (i.e. one (1)
equity share for each OCRDs issued by
Issuer or redeem the OCRDs at the fair
market value or at par value, whichever is
higher).
7.
Frequency of Interest payment: Annually
lumax Auto Technologies limited
Plot No. -878, Udyog Vihar
Phase-V, Gurugram-122016
Haryana, India
T +91124 4760000
E shares a lumaxmail com
www.lumaxworld.in
Luma>< Auto Technologies limited - REGO. OFFICE: 2 ··Floor, Harbans Bliawan-11. Commercial Complex. Nangal Raya,
New Dellii-110046, T - +9111 4985 7832, E - caoalumaxmail com
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whether, the said parties are related to
LRPL is a Wholly Owned Subsidiary of the
promoter/promoter group/ group companies
Company.
in any manner. If yes, nature of relationship
g
whether the transaction would fall within
Yes,
the
transaction
is
a
Related
Party
related party transactions? If yes, whether transaction.
the same is done at "arm's length"
The transaction will be on arm's length basis.
h
in case of issuance of shares to the parties,
Not Applicable
details of issue price, class of shares issued
i
in case of loan agreements, details of Not Applicable
lender/borrower, nature of the loan, total
amount of loan granted/taken, total amount
outstanding, date of execution of the loan
agreement/sanction letter, details of the
security provided to the lenders / by the
borrowers
for
such
loan
or in
case
outstanding loans lent to a party or borrowed
from
a party become material on a
cumulative basis;
j
any other disclosures related to such
Not Applicable
agreements, viz., details of nominee on the
board of directors of the listed entity,
potential conflict of interest arising out of
such agreements, etc.
k
in case of termination or amendment of As on date of disclosure there is no termination
agreement,
listed entity shall
disclose
/amendment of the agreement.
additional details to the stock exchange(s):
i.
name of parties to the agreement
ii.
nature of the agreement
Ill.
date of execution of the agreement
iv.
details of amendment and impact thereof or
reasons of termination and impact thereof
lumax Auto Technologies Limited
Plot No -878, Udyog Vihar
Phase-V, Gurugram-122016
Haryana, India
T +91124 4760000
E shares-o:,lumaxmail.com
www.lumaxworld.in
Lumax Auto Technologies limited - REGO. OFFICE: 2 " Floor. Harbans Bhawan-II. Commercial Complex. Nangal Raya,
New Delhi-110046. T - +9111 4985 7832. E - caoalumaxmail.com
DK JAIN
GROL'l'
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LUMnx
1945 ,olHERNITV
Annexure- D
Disclosure as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated
November 11, 2024 along with the detail a required under Regulation 30 and other relevant
provision of Securities and Exchange Board of India (Listing Obligation and Disclosure
Requirements) Regulations, 2015
Particulars
Disclosure
a) Name of the target entity, details in brief such as
Proposed Name: Power Pulse Trading Solutions
size, turnover etc.;
Limited (PTSL)
Investment Amount: Proposed to invest Rs. 0.93
crores (approx.)
Net Worth: 9,188.43 Lakhs
PAT: 1,190.18 Lakhs
Turnover: I, 198.88 Lakhs
b) Whether the acquisition would fall within related
No
party transaction(s) and whether the promoter/
promoter group/ group companies have any
interest in the entity being acquired?
If yes, nature of interest and details thereof and
NA
whether the same is done at "arm's length";
c) Industry to which the entity being acquired
Independent Power Producer (!PP) -
Renewable
belongs;
Energy and Power Producer
d) Objects and impact of acquisition (including but
The current investment will have no major impact on
not limited to, disclosure of reasons for
the Listed Entity and is being done merely for enabling
acquisition of target entity, if its business is
the Company to be qualified as captive user as per
outside the main line of business of the listed
Electricity Act, 2003 and Electricity Rules, 2005 for
entity);
the solar energy to be generated by the power plant of
the Target entity.
e) Brief details of any governmental or regulatory
NA
approvals required for the acquisition;
f)
Indicative time period for completion of the
3 Months (approx.)
acquisition;
g) Consideration - whether cash consideration or Cash
share swap or any other form and details of the
same;
Lumax Auto Technologies Limited
Plot No. -878. Udyog Vihar
Phase-V. Gurugram-122016
Haryana. India
T +91124 4760000
E shares ctlumaxmail com
www.lumaxworld.in
Lur11ax Auto r .. c.:111,oloylt!S Li111it .. u - REGO. OFFICE. 2 "' Fluu1, HdlUdllS Bl1dWdll·II. Cu111111e,1Lidl Cu111µl e,A, r~d l1yc1I Raya.
New Delhi-110046. T - +91114985 7832. E • caoalumaxmail.com
DK JAlN
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h) Cost of acquisition and/or the price at which the
shares are acquired;
i)
Percentage of shareholding / control acquired
and / or number of shares acquired;
j) Brief background about the entity acquired in
tenns of products/line of business acquired,
date of incorporation, history of last 3 years
turnover, country in which the acquired entity
has
presence and
any
other significant
information (in brief);
1945 1ntfERNITY
Upto Rs. 0.93 crores
Upto 26%.
Power Pulse Trading Solutions Limited (PTSL) a
trading arm of Adani Energy Solutions Limited
("AESL"),
Address
Adani
Corporate
House,
Shantigram, Near Vaishno Devi Circle, S. G.
Highway, Ahmedabad, 382421, India is establishing
a renewable energy generating station for Captive
Users in the state of Uttarakhand.
Date of Incorporation: February 13, 2024
Turnover: Rs. 11.99 crores (from February 13, 2024
to March 3 I, 2025)
Country in which the acquired entity has
presence: India
Lumax Auto Technologies Limited
Plot No. -878, Udyog Vihar
Phase-V, Gurugram-122016
Haryana, India
T +91124 4760000
E shares i:Dlumaxmail.com
www.lumaxworld.in
Lumax Auto Technologies Limited - REGD. OFFICE: 2 "'Floor, Harbans Bhawan-11. Commercial Complex, Nangal Raya,
New Delhi-110046, T - +9111 4985 7832, E - caoa,lumaxmail.com
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Annexure- E
Disclosure as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated
November 11, 2024 along with the details as required under Regulation 30 and other relevant
provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Particulars
Disclosure
a) Name of Party for which such guarantees
Lumax Yokowo Technologies Private Limited (L YTL)
or indemnity or surety was given;
b) Whether the promoter/ promoter group/
The Company holds 50% of the equity share capital of
group companies have any interest in this
LYTL.
transaction?
The transaction will be on arm 's length basis.
If yes, nature of interest and details thereof
and whether the same is done at "arm's
length".
c) Brief details
of such
guarantee
or
The Company will provide a Corporate Guarantee/
indemnity or becoming a surety viz. brief Letter of Comfort/Post Dated Cheques (PDCs) in favour
details of agreement entered (if any)
of the
Banks/Financial
Institutions/Non-Banking
including significant terms and conditions,
Financial Companies (NBFCs) with respect to loan to
including amount of guarantee;
be availed by L YTL up to a maximum amount of Rs. 5
Crores.
d) Impact of such guarantees or indemnity or There is no foreseeable impact of issuing the Corporate
surety on listed entity.
Guarantee/Letter of Comfort/Post Dated Cheques
(PDCs) on the Company as the loan, being availed by
LYTL, is required to meet its working capital
requirements.
Lumax Auto Technologies Limited
Plot No. -878, Udyog Vihar
Pha se-V, Gurugram-122016
Haryana, India
T +91124 47600 00
E shares'djlumaxmail.com
www.lumaxworld.in
Lumax Auto Technologies Limited • REGO. OFFICE: 2'" Floor. Harbans Bhawan-11. Commercial Complex. Nangal Raya,
New Delhi-110046. T · +9111 4985 783 2. E • cao,i,lumaxmail com
DK JAlN
GROL'P
