Lumax Auto Technologies Limited has announced the successful completion of its merger with Lumax Ancillary Limited, marking a significant milestone in the company's corporate restructuring initiative. The scheme of amalgamation became effective on March 31, 2026, following the filing of requisite documents with regulatory authorities.

Merger Implementation Details

The company informed stock exchanges that both the transferor company (Lumax Ancillary Limited) and transferee company (Lumax Auto Technologies Limited) have filed the certified true copy of the Hon'ble National Company Law Tribunal order with the Registrar of Companies, Ministry of Corporate Affairs through Form No. INC-28 on March 31, 2026.

Regulatory Approvals and Timeline

The merger follows the company's earlier communication dated March 13, 2026, which informed exchanges about the Hon'ble National Company Law Tribunal, New Delhi Bench sanctioning the Scheme of Arrangement for Amalgamation. The NCLT order covered the amalgamation between Lumax Ancillary Limited and Lumax Auto Technologies Limited along with their respective shareholders and creditors.

The scheme was structured with an appointed date of April 01, 2024, and required filing of the certified true copy of the NCLT order with the Registrar of Companies for effectiveness. This regulatory requirement has now been fulfilled, enabling the formal completion of the corporate restructuring.

Corporate Structure Consolidation

Under the approved scheme, Lumax Auto Technologies Limited serves as the surviving entity, absorbing all assets, liabilities, and operations of Lumax Ancillary Limited. The amalgamation represents a strategic consolidation of business operations within the Lumax group structure.

The company has duly notified both BSE Limited and National Stock Exchange of India Limited about the merger completion, ensuring compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing maintains transparency with stakeholders and fulfills the company's disclosure obligations as a listed entity.

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.