Board Meeting29 May 2026, 09:35 pm
Lumax Auto Tech: Final Dividend of ₹5.50 Approved
AI Summary
Lumax Auto Technologies Ltd's board approved the audited standalone and consolidated financial results for Q4 and FY26. They recommended a final dividend of ₹5.50 per equity share (275%) subject to shareholder approval. Deepak Jain is now Vice Chairman. The company will acquire the remaining 15.97% stake in Lumax FAE Technologies Private Limited. They will also seek shareholder approval for related party transactions with Lumax Industries and to provide guarantees up to ₹500 Crores. An investment of up to ₹3 Crores in Lumax Yokowo Technologies is planned.
Key Highlights
- Final dividend of ₹5.50 per share (275%) recommended for FY26.
- Deepak Jain appointed as Vice Chairman (Non-Executive) effective May 29, 2026.
- Acquiring remaining 15.97% stake in Lumax FAE Technologies Private Limited.
- Investment of up to ₹3 Crores planned for Lumax Yokowo Technologies Private Limited.
- Approval sought for guarantees up to ₹500 Crores under Section 185.
Price Impact
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