Lumax Industries Limited — Others, 26-05-2025: Related Party Transactions

Lumax Industries has announced a board meeting outcome approving the financial results for the quarter and half-year, with a clean audit opinion. Leadership changes include the resignation of Non-Executive Director Mr. Tetsuya Hojo and the appointment of Mr. Kenjiro Nakazono as Additional Executive Director. The board approved reappointments of key executives, subject to shareholder approval. The company plans to invest Rs. 1.49 Cr in a solar energy subsidiary to support its Chakan and Chinchwad plants. It also reappointed internal, cost, and secretarial auditors. A final dividend of Rs. 35 per share was proposed, pending approval. Standalone revenues were Rs. 3400 Cr with profit before tax at Rs. 112 Cr; consolidated revenues were also Rs. 3400 Cr with PBT of Rs. 178 Cr. The focus remains on leadership strength and renewable energy investments.