Lumax Auto Technologies Limited — Others, 09-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
09-04-2025 · 03:47 pm
Lumax Auto Technologies has announced a board meeting on approving the favorable order received from the Debts Recovery Appellate Tribunal, which ruled in the company’s favor regarding an appeal against a prior ruling. The tribunal ordered that Lumax will not be liable for the previously mandated payment and will recover approximately Rs. 6.12 Crores along with interest, enhancing the company's financial position. This positive development may bolster investor sentiment by reducing liabilities and improving cash flow, marking a strategic win for the company and its shareholders.
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