StockWatch
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Auto Components & Equipments
Board Meeting24 Oct 2026, 04:20 pm

Lumax Auto Technologies Board Approves Financial Results, New Facility

AI Summary

Lumax Auto Technologies Ltd announced the outcome of its Board Meeting held on October 24, 2026. The Board approved the Un-audited Standalone and Consolidated Financial Results for the 2nd Quarter and Half Year ended September 30, 2026. Additionally, the company approved the issuance of Corporate Guarantee/Letter of Comfort/PDCs up to ₹15 Crores for its subsidiary, Lumax Greenfuel Energy Solutions Private Limited. A new Mechatronics manufacturing facility is set to be established in Manesar, Haryana, with a capital outlay of approximately ₹150 Crores, expected to cater to Electronic Components for leading OEMs and commissioned in phases starting Q3 FY28. The Board also noted the relocation of a manufacturing facility from Aurangabad to Chhatrapati Sambhajinagar.

Key Highlights

  • Board approved Q2 FY27 unaudited financial results.
  • Corporate guarantee of up to ₹15 Crores approved for subsidiary.
  • New Mechatronics manufacturing facility to be set up in Manesar.
  • Capital outlay for new facility estimated at ₹150 Crores.
  • Manufacturing facility relocation noted.