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.

Lumax Auto Technologies reported a 47% increase in consolidated net profit to ₹337.15 crore for the financial year ended March 31, 2026, compared to ₹229.16 crore in the previous year. Revenue from operations for FY26 climbed 34% to ₹4,870.33 crore from ₹3,636.67 crore in FY25, driven by robust business expansion and a favourable product mix. The Board of Directors recommended a final dividend of ₹5.50 per equity share, subject to shareholder approval at the upcoming Annual General Meeting. Building on this momentum, the company has outlined plans to increase its margin by approximately 30 basis points (BPS) in FY27, supported by a capital expenditure plan of ₹275–300 crore for the year.

FY27 Outlook and Capital Expenditure

Lumax Auto Technologies has set clear financial targets for FY27, signalling continued focus on profitability and capacity expansion. The company plans to improve its margin by approximately 30 BPS, reflecting its commitment to operational efficiency. To support growth initiatives, the company has earmarked a capital expenditure of ₹275–300 crore for FY27. Management expressed confidence in outperforming industry growth, targeting a 20% CAGR over the mid-term, with certain businesses aiming to grow at 2x to 3x the industry rate.

FY26 Financial Performance

The company's annual results demonstrated strong growth across key financial metrics. The following table summarizes the year-on-year performance for the financial year:

For the quarter ended March 31, 2026, consolidated net profit stood at ₹97.53 crore, while revenue reached ₹1,416.93 crore. EBITDA for Q4FY26 was ₹208 crore with a margin of 14.7%. For the full year FY26, EBITDA reached a record ₹705 crore with a margin of 14.5%.

Segment Performance and Order Book

The Advanced Plastics division recorded a 25% year-on-year growth in FY26, with revenues increasing to ₹2,566 crore, supported by an order book of ₹700 crore. The Mechatronics segment delivered a 150% growth to ₹281 crore, with an order book of ₹400 crore. The Structures & Control Systems vertical grew 17% to ₹816 crore. The Greenfuel energy business, acquired in the previous financial year, contributed ₹383 crore. The total order book stands at ₹1,450 crore, with approximately 25% expected to be executed in FY27, 54% in FY28, and the remaining 21% in FY29.

Strategic Board Approvals

The Board approved the acquisition of the remaining 15.97% stake in Lumax FAE Technologies Private Limited (LFAE) from Francisco Alberio S.A.U for ₹1.92 crore, making LFAE a wholly-owned subsidiary. Additionally, the Board sanctioned an investment of up to ₹3 crore in Lumax Yokowo Technologies Private Limited and approved providing corporate guarantees of up to ₹36 crore to Lumax Alps Alpine India Private Limited. The Board also re-appointed M/s Grant Thornton Bharat LLP as Internal Auditors and M/s Jitender, Navneet & Co. as Cost Auditors for FY27.

Mergers and Operational Highlights

The Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench approved the amalgamation of IAC International Automotive India Private Limited and Lumax Ancillary Limited with the Company. These mergers are reflected in the standalone financial results for the year ended March 31, 2026. Additionally, the merger of Greenfuel Energy Solutions Private Limited with Lumax Resources Private Limited was effective from February 03, 2026, resulting in the entity being renamed Lumax Greenfuel Energy Solutions Pvt. Ltd.

The statutory auditors, Price Waterhouse Chartered Accountants LLP, provided an unmodified opinion on the audited financial results. The company recorded exceptional items of ₹14.50 crore during the year, primarily due to the impact of new Labour Codes. The 45th Annual General Meeting is scheduled for August 24, 2026, via video conferencing. The Board fixed Thursday, August 06, 2026 as the record date to determine shareholder eligibility for the final dividend.