Lumax Industries Limited — Others, 26-05-2025: Cessation

Lumax Industries has announced a board meeting outcome that includes approval of the financial results for the quarter and half-year. The board accepted the resignation of Non-Executive Director Mr. Tetsuya Hojo and appointed Mr. Kenjiro Nakazono as Executive Director. Key leadership reappointments include Chairman & MD Deepak Jain, Joint MD Anmol Jain, Executive Director Raajesh Kumar Gupta, and Independent Director Vikrampati Singhania, pending shareholder approval. The board proposed a final dividend of Rs. 35 per share for FY 2024-25. The company plans to invest Rs. 1.49 Cr in a renewable energy subsidiary for captive solar power use. New internal, cost, and secretarial auditors have also been appointed, subject to shareholder consent.