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

Lumax Auto Technologies has announced a board meeting outcome including approval of the financial results for the quarter and half-year. CFO Ashish Dubey will retire on June 30, 2025, succeeded by Ankit Thakral from July 1. The company plans to invest Rs. 0.51 Cr in a new solar energy subsidiary for its Maharashtra plants and will acquire land in Gujarat along with setting up two wholly owned subsidiaries to bolster automotive components growth. Dividend of Rs. 5.50 per share has been proposed. Consolidated revenue reached Rs. 1361.29 Cr with net profit of Rs. 229.16 Cr. The full acquisition of IAC India and controlling stake in Greenfuel Energy Solutions underline its push into sustainability.