Lumax Industries Limited — JV/Acquisition, 07-11-2025: Acquisition

Lumax Industries plans to invest up to Rs. 1.61 Cr to acquire a stake of not more than 26% in Power Pulse Trading Solutions (PTSL), a power trading arm of Adani Energy Solutions. This strategic move aims to secure renewable energy for Lumax's manufacturing facilities at Haridwar, Pant Nagar, and Sanand by qualifying as a captive user. PTSL, an independent renewable energy producer, reported a turnover of Rs. 11.99 Cr for its initial year of operations. The company anticipates no major financial impact from this investment, focusing on energy security.