Lumax Auto Technologies Limited — Others, 29-05-2025: Appointment

Lumax Auto Technologies Limited has announced a board meeting on which it approved the financial results for the quarter and half-year. The company reported standalone revenue from operations of Rs. 381.63 Cr and profit before tax of Rs. 15.69 Cr for the quarter; for the full year, revenue stood at Rs. 1,475.42 Cr with a profit before tax of Rs. 95.09 Cr. A final dividend of Rs. 5.50 per share was declared, pending shareholder approval. CFO Ashish Dubey retired, with Ankit Thakral appointed as the new CFO effective July 1, 2025. Plans include a Rs. 0.51 Cr investment in a solar energy subsidiary, land purchase in Gujarat, and setting up two wholly owned subsidiaries to boost growth. Internal and cost auditors were reappointed, with a new secretarial auditor proposed, subject to approval. Shareholders will also vote on material related party transactions with Lumax Industries Limited. These steps underline the company’s focus on operational expansion and financial strength.