Lumax Industries Limited — Board Meeting, 10-02-2025: Outcome of Board Meeting

The Board of Lumax Industries Limited has convened to approve the unaudited consolidated financial results for the quarter and nine months ended December 31, 2024. The results indicate a total income of approximately ₹248 Cr, leading to a net profit after tax of around ₹96 Cr for the period. The Board also approved investments of up to ₹1.19 Cr in FPEL Ujwal Private Limited and ₹0.69 Cr in Clean Max Nabia Private Limited, both aimed at qualifying as captive users under the Electricity Act. These investments are expected to facilitate energy generation for the Company's plants in Bengaluru and Pantnagar, respectively.