Subsidiary24 Jul 2025, 06:32 pm
Lumax Auto Technologies Incorporates Wholly Owned Subsidiary - Lumax AutoComp Private Limited
AI Summary
Lumax Auto Technologies has informed the exchange about the incorporation of Lumax AutoComp Private Limited in New Delhi on July 24, 2025, as a Wholly Owned Subsidiary. The new subsidiary will be operational in the automotive components sector, aligning with the company's vision. The initial subscription of Rs. 10,00,000/- (Rupees Ten Lakhs Only) to the share capital of Lumax AutoComp Private Limited does not fall within the purview of Related Party Transaction for Lumax Auto Technologies. The transaction is at arm's length basis, and the subsidiary has been incorporated with an authorized, issued, and paid-up share capital of Rs. 10,00,000/- divided into 1,00,000 equity shares of 10/- each.
Key Highlights
- Lumax Auto Technologies has incorporated a new Wholly Owned Subsidiary, Lumax AutoComp Private Limited.
- The new subsidiary will be operational in the automotive components sector.
- The initial subscription to the share capital of Lumax AutoComp Private Limited does not fall within the purview of Related Party Transaction for Lumax Auto Technologies.
- The transaction is at arm's length basis.
- Lumax AutoComp Private Limited has been incorporated with an authorized, issued, and paid-up share capital of Rs. 10,00,000/- divided into 1,00,000 equity shares of 10/- each.