Lumax Auto Technologies completed the sale of its entire 50% equity stake in Lumax Jopp Allied Technologies Private Limited to Jopp Holding GmbH on June 29, 2026. The transaction marks the exit of Lumax Auto Technologies Limited from the joint venture entity, which has now ceased to be a joint venture of the company with effect from the same date.

The buyer, Jopp Holding GmbH, is based in Germany and was the joint venture partner in Lumax Jopp Allied Technologies Private Limited. The sale was executed as per the intimation provided by the company on May 08, 2026.

Transaction Details

The following table outlines the key details of the stake sale:

The disclosure was made to the exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pankaj Mahendru, Company Secretary & Compliance Officer of Lumax Auto Technologies Limited, signed the intimation on June 30, 2026.

Lumax Auto Technologies Limited has completed the acquisition of the remaining 15.97% equity stake in Lumax FAE Technologies Private Limited, making the entity a wholly owned subsidiary effective June 29, 2026. The acquisition was finalized with Francisco Alberro SAU (FAE), the seller of the stake. This strategic move consolidates the company's control over Lumax FAE Technologies Private Limited, strengthening its operational integration.

The transaction was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The completion of this acquisition follows the company's previous intimation dated May 29, 2026, regarding the proposed purchase of the remaining equity stake.

Despite the change in ownership, Francisco Alberro SAU will continue to provide technical support to Lumax FAE Technologies Private Limited. Additionally, FAE has permitted the continued use of 'FAE' in the name of the subsidiary for a mutually agreed period, ensuring operational continuity and brand retention.

Transaction Details

The company has made the intimation regarding this acquisition available on its official website. The filing was signed by Pankaj Mahendru, Company Secretary & Compliance Officer.