Lumax Industries Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

Lumax Industries has announced a board meeting on key developments: approved the financial results for the quarter and half-year with consolidated revenue of ₹3,409.62 Cr and net profit of ₹139.91 Cr, reflecting strong growth. The Board proposed a final dividend of ₹35/share (350% on ₹10 face value), subject to shareholder nod. Leadership changes include the resignation of Non-Executive Director Mr. Tetsuya Hojo and the appointment of Mr. Kenjiro Nakazono as Executive Director. The company plans to invest up to ₹1.49 Cr in a renewable energy venture to boost captive solar capacity. Key executives are up for reappointment at the upcoming AGM.