Lumax Auto Technologies Limited — Others, 29-05-2025: Related Party Transactions

Lumax Auto Technologies has announced a board meeting to approve the financial results for the quarter and half-year. Standalone revenue stood at 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 and Rs. 95.09 Cr respectively. Consolidated revenue was Rs. 1,132.88 Cr for the quarter and Rs. 3,636.70 Cr for the year, with profit before tax of Rs. 107.61 Cr and Rs. 308.16 Cr respectively. Outgoing CFO Ashish Dubey will move to group roles, succeeded by Ankit Thakral from July 1. The board approved a Rs. 0.51 Cr investment in a solar energy subsidiary, plans land purchase in Gujarat, and to set up two wholly owned subsidiaries to expand automotive components. A final dividend of Rs. 5.50 per share for FY25 is proposed, subject to shareholder approval. Internal and cost auditors were re-appointed, and a secretarial auditor appointed for five years. Shareholder approval will be sought for material related party transactions. The 44th AGM will be held via video conferencing.