Lumax Auto Technologies has announced that its board of directors approved a significant investment in its joint venture company during a board meeting held on March 27, 2026. The board sanctioned an investment of up to ₹7 crore in Lumax Alps Alpine India Private Limited (LAAIPL), marking a strategic move to support the subsidiary's capital expenditure and working capital requirements.

Board Meeting Outcome

The board meeting, which commenced at 12:30 PM and concluded at 01:20 PM on March 27, 2026, considered and approved the investment proposal in compliance with SEBI regulations. The company has disclosed this information to both BSE and NSE as required under Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Joint Venture Company Profile

Lumax Alps Alpine India Private Limited was incorporated on September 21, 2021, and operates as a joint venture company where Lumax Auto Technologies holds a 50% equity stake. The company specializes in manufacturing automotive power window switches, sensors, and control modules, with its manufacturing facility located in Gurugram and registered office in New Delhi.

Historical Performance

The joint venture has demonstrated consistent performance over the past three financial years, showing growth in its operations within the automotive components sector.

Strategic Rationale and Regulatory Compliance

According to the regulatory disclosure, the investment will support LAAIPL's capex, working capital, and other general corporate business requirements. The transaction will be conducted on an arm's length basis as it falls under related party transactions, given Lumax Auto Technologies' existing 50% shareholding in the joint venture company. The investment is expected to have no major impact on the parent company's operations while strengthening the subsidiary's financial position in the competitive automotive components market. No governmental or regulatory approvals are required for this acquisition.

Lumax Auto Technologies has received the final order from the National Company Law Tribunal (NCLT) New Delhi Bench sanctioning its amalgamation scheme with Lumax Ancillary Limited. The company disclosed receipt of the NCLT order dated March 11, 2026, under Regulation 30 of SEBI Listing Regulations, marking the completion of the regulatory approval process for the merger arrangement.

NCLT Final Order Details

The Hon'ble NCLT New Delhi Bench, comprising Member (J) Shri Ashok Kumar Bhardwaj and Member (T) Ms. Reena Sinha Puri, delivered the final order on March 11, 2026, in Company Petition No. (CAA)-69/(ND)/2025. The tribunal sanctioned the Scheme of Arrangement of Amalgamation between the two entities and their respective shareholders and creditors.

Regulatory Compliance and Disclosure

The company made the disclosure through Company Secretary & Compliance Officer Pankaj Mahendru on March 13, 2026. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, fulfilling the mandatory disclosure requirements under securities regulations.

Scheme Implementation Framework

The NCLT order establishes comprehensive directions for the merger implementation. The tribunal confirmed that Lumax Ancillary Limited, as the wholly-owned subsidiary and transferor company, will be dissolved without winding up procedures. All assets, liabilities, contracts, and employee arrangements will transfer to Lumax Auto Technologies Limited as the transferee company.

The scheme encompasses transfer of all properties, rights, entitlements, statutory benefits, tax incentives, and ongoing litigations from the transferor to the transferee company. Employee transfers will occur without service interruption and on terms no less favorable than existing arrangements.

Statutory Authority Clearances

The merger received clearances from key regulatory bodies. The Official Liquidator reported no objections to the scheme, while the Income Tax Department conveyed no objection subject to fulfillment of scheme conditions. The Registrar of Companies raised certain observations which were satisfactorily addressed by the petitioner companies.

The NCLT order preserves the rights of tax authorities to pursue investigations and recover dues, with the transferee company assuming responsibility for all statutory liabilities of the transferor company. The order is available on the NCLT website at www.nclt.gov.in and the company's website at www.lumaxworld.in/lumaxautotech .