Lumax Auto Technologies Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting

Lumax Auto Technologies' board has announced a meeting where it approved strong Q1 consolidated financial results. Revenue surged to ₹1,026.37 Cr, with profit hitting ₹41.42 Cr and EPS at ₹6.08. Strategically, the company is establishing a new branch in China to explore business prospects and a 'SHIFT' technology center in Bengaluru. CEO Vikas Marwah's term has been extended for five years. Furthermore, Lumax completed the acquisition of the remaining 25% stake in IAC India for ₹220.96 Cr, making it a wholly-owned subsidiary.