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

Lumax Auto Technologies has announced a board meeting outcome approving the financial results for the quarter and half-year, showing steady revenue and profit growth. Standalone profit stood at Rs. 73.94 Cr, with consolidated profit at Rs. 229.16 Cr. CFO Ashish Dubey will retire mid-2025, succeeded by Ankit Thakral. A final dividend of Rs. 5.50 per share was proposed. Plans include investing Rs. 0.51 Cr in solar energy vehicles, acquiring the remaining 25% stake in a subsidiary, buying land in Gujarat, and setting up two wholly owned subsidiaries to support growth. Internal and secretarial auditors were re-appointed, and material related party transactions with Lumax Industries will be tabled at the AGM.