Management Change25 Sept 2026, 05:00 pm
Lumax Auto Technologies: Senior Management Changes Approved
AI Summary
Lumax Auto Technologies Ltd announced significant changes in its Senior Management Personnel. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the superannuation of Mr. Sanjay Bhagat, Sr. Executive Vice President – After Market Division, effective September 30, 2026. Additionally, Mr. Satish Sundaresan, Chief Technology Officer, has resigned from his position, with his last day being September 25, 2026. The company has provided detailed disclosures as per SEBI regulations.
Key Highlights
- Mr. Sanjay Bhagat to superannuate from Sr. Executive Vice President role.
- Mr. Satish Sundaresan resigns as Chief Technology Officer.
- Changes approved by the Board of Directors based on committee recommendation.
- Effective dates for cessation are September 30 and September 25, 2026.
Price Impact
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