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

Lumax Industries Limited has announced a board meeting on the financial results for the quarter and half-year, reporting standalone net profit of Rs. 91.51 Cr and consolidated net profit of Rs. 139.91 Cr, supported by unmodified auditor opinions. The board accepted Non-Executive Director Mr. Tetsuya Hojo’s resignation and appointed Mr. Kenjiro Nakazono as Additional Executive Director. Reappointments of key management personnel, including Chairman & MD Deepak Jain, are planned pending shareholder approval. The company aims to invest Rs. 1.49 Cr in a new subsidiary focused on solar energy. A final dividend of Rs. 35 per share and approval for a related party transaction with Lumax Auto Technologies Limited are also proposed.