Lumax Auto Technologies Approves Loan Guarantee, New Plant

Lumax Auto Technologies Ltd's Board of Directors, in a meeting on August 10, 2026, approved the issuance of corporate guarantees, letters of comfort, or post-dated cheques to secure a loan of up to ₹8 Crores for its subsidiary, Lumax FAE Technologies Private Limited. The board also approved the establishment of a new manufacturing plant for its Intelligent Ambient Comfort (IAC) Division in Chakan, Maharashtra, with a capital outlay of ₹156.23 Crores. This expansion is to cater to new orders from Mahindra & Mahindra and is expected to be commissioned in two phases by Q4 FY2027 and Q1 FY2028. Additionally, the board reviewed and approved the un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026.