Lumax Auto Technologies has established the tax deduction at source (TDS) framework for a dividend of ₹5.50 per share recommended for the financial year ended March 31, 2026. The dividend, subject to shareholder approval at the 45th Annual General Meeting (AGM) scheduled for August 26, 2026, will be paid to members whose names appear in the register of members as of the close of business on August 06, 2026. Shareholders must submit required documentation by August 03, 2026, to ensure the applicable TDS rate is applied, as failure to do so may result in higher tax deductions.

The Board of Directors recommended the dividend at a meeting held on May 29, 2026. Pursuant to the Income Tax Act, 2025, the company is required to withhold taxes on dividend payments. The applicable TDS rate varies based on the residential status and category of the shareholder. No tax will be deducted for resident individual shareholders if the total dividend during FY 2026-27 does not exceed ₹10,000.

TDS Rates for Resident Shareholders

For resident shareholders, the TDS rate is determined by the availability of a valid PAN and specific declarations. A standard rate of 10% applies if a valid PAN is updated with the depository participant or Registrar and Transfer Agent (RTA). This rate rises to 20% if the PAN is invalid or not linked with Aadhaar where applicable. Shareholders seeking nil or lower deduction must submit valid certificates or declarations, such as Form 121 for eligible individuals.

TDS Rates for Non-Resident Shareholders

Non-resident shareholders face different withholding rates, generally set at 20% plus surcharge and cess, unless a beneficial tax treaty rate applies. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) can claim treaty benefits by submitting a Tax Residency Certificate (TRC), Form 41, and a self-declaration. Specific categories, such as Sovereign Wealth Funds and Pension funds notified under Schedule V, are subject to a NIL TDS rate provided they submit the necessary notification and self-declaration.

The company reserves the right to determine the applicable tax rate based on the completeness and verification of submitted documents. In case of discrepancies or missing information, tax will be deducted at the higher prescribed rate without further communication. Shareholders can download the tax credit statement from the Income Tax Department's website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE872H01027/255451aec4d541de.pdf

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.