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

Lumax Auto Technologies Limited has announced a board meeting in which it approved the financial results for the quarter and half-year. The company reported standalone revenue of Rs. 381.63 Cr for the quarter and Rs. 1,475.42 Cr for the year, with profit before tax of Rs. 15.69 Cr quarterly and Rs. 95.09 Cr annually. Consolidated revenue stood at Rs. 1,132.88 Cr quarterly and Rs. 3,636.67 Cr annually, with profit before tax of Rs. 107.61 Cr and Rs. 308.16 Cr respectively. The board acknowledged the outgoing CFO’s new group role and appointed a new CFO from July 2025. The company plans a Rs. 0.51 Cr investment in a renewable energy subsidiary for its Maharashtra plants and is acquiring land in Gujarat to expand its automotive business via new subsidiaries. Auditors were re-appointed and a secretarial auditor named, pending shareholder approval. A final dividend of Rs. 5.50 per share (275%) will also be proposed. These moves signal steady growth and management continuity, key for investors focused on long-term value.