Lumax Auto Technologies Limited — JV/Acquisition, 12-05-2026: Amalgamation/Merger

Lumax Auto Technologies (LATL) merger with IAC International Automotive India has been approved by NCLT. This strategic amalgamation aims for greater integration, financial strength, cost savings, and operational synergies, ultimately maximizing shareholder value. All assets, liabilities, and employees of IAC will transfer to LATL from the appointed date of October 1, 2025. This move is expected to streamline operations, reduce compliance efforts, and boost overall competitiveness. The scheme becomes effective upon filing the NCLT order with the Registrar of Companies. No specific share swap ratio or valuation figures were detailed in this update.