Dividend29 May 2026, 07:53 pm
Lumax Auto Tech Recommends ₹5.50 Dividend; Approves Results
AI Summary
Lumax Auto Technologies Ltd's board approved audited financial results for FY26 and recommended a final dividend of ₹5.50 per share. They also approved the acquisition of the remaining stake in Lumax FAE Technologies, a change in designation for Mr. Deepak Jain, and several other key proposals including investments and guarantees.
Key Highlights
- Recommended final dividend of ₹5.50 per share (275% of face value of ₹2) for FY26.
- Approved acquisition of remaining 15.97% stake in Lumax FAE Technologies.
- Mr. Deepak Jain redesignated as Vice Chairman (Non-Executive) effective May 29, 2026.
- Approved investment of up to ₹3 Crores in Lumax Yokowo Technologies Private Limited.
- Approved providing a guarantee of up to ₹36 Crores for Lumax Alps Alpine India Private Limited.
Price Impact
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