Lumax Auto Technologies Limited — Others, 07-08-2025: Change in Management

Lumax Auto Technologies' Board has approved its financial results for the quarter. Consolidated revenue soared to ₹1,026.37 Cr, with profit reaching ₹53.99 Cr. Standalone revenue stood at ₹367.40 Cr, and profit was ₹40.34 Cr. The company is strategically expanding, establishing a new branch office in China to explore business prospects and a 'SHIFT' Technology Centre in Bengaluru. It also completed the acquisition of the remaining 25% stake in IAC International Automotive India, making it a wholly-owned subsidiary for ₹220.96 Cr, signaling strengthened control. Furthermore, the CEO's term was extended for five years.