Lumax Auto Technologies will seek shareholder approval for material related party transactions (RPTs) estimated at ₹805.21 crore with Lumax Industries Limited (LIL) during its 45th Annual General Meeting (AGM) on Wednesday, August 26, 2026. The transactions, which constitute 16.53% of the company’s FY26 consolidated turnover of ₹4,870.33 crore, are deemed material under Regulation 23 of the SEBI Listing Regulations as they exceed the 10% turnover threshold. Shareholders will also vote on a recommended dividend of ₹5.50 per equity share for FY26 and the re-appointment of Director Anmol Jain.

The proposed RPTs cover the sale and purchase of finished goods, raw materials, components, moulds, services, and royalty payments. The Audit Committee accorded omnibus approval for these transactions on March 27, 2026, confirming their arm’s length nature and business necessity. The transactions support operational synergies, cost optimization, and efficient working capital management between the two entities, which share resources to achieve economies of scale in the automotive components sector.

Key Resolutions and Financial Details

The Board also seeks ratification for the remuneration of M/s Jitender, Navneet & Co., Cost Accountants, re-appointed as Cost Auditors for FY27. Their fee is fixed at ₹2.00 lakh excluding taxes and out-of-pocket expenses. Additionally, a special resolution will approve loans, guarantees, or securities up to an aggregate amount of ₹500 crore for entities in which directors are interested, in compliance with Section 185 of the Companies Act, 2013. This provision supports the company’s growth strategy involving joint ventures and acquisitions.

Shareholder Instructions and Voting Process

The record date for determining dividend entitlement is Thursday, August 06, 2026. Dividends will be paid to shareholders holding shares as of this date, subject to AGM approval. The cut-off date for voting rights is Thursday, August 20, 2026. Remote e-voting facilities will be available from Sunday, August 23, 2026, at 9:00 A.M. IST until Tuesday, August 25, 2026, at 5:00 P.M. IST, through the National Securities Depository Limited (NSDL) platform.

Shareholders are advised to update their KYC and bank details with their Depository Participants or the Registrar and Transfer Agent, Bigshare Services Private Limited, to ensure smooth dividend processing. Tax Deduction at Source (TDS) will apply to dividend payments as per the Income Tax Act. Members wishing to ask questions during the AGM must register as speakers by sending a request from their registered email address to shares@lumaxmail.com by Wednesday, August 19, 2026, at 5:00 P.M. IST. The meeting transcript will be uploaded to the company's website post-conclusion.

Lumax Auto Technologies filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, on August 01, 2026. The disclosure reveals a strategic focus on reducing environmental impact through energy efficiency initiatives, resulting in a decline in direct greenhouse gas emissions despite operational scale. The report highlights zero workplace fatalities and nil lost time injury frequency rates for both employees and workers, underscoring improved safety protocols across its 28 plants and five offices.

The filing was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report covers consolidated data for Lumax Auto Technologies Limited, its subsidiaries, and joint ventures. Director Sanjay Mehta is responsible for the implementation and oversight of business responsibility policies. The entity confirmed full compliance with statutory requirements applicable to the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC), with no monetary or non-monetary penalties paid to regulators during the year.

Environmental Performance

Lumax Auto Technologies reported a decrease in Scope 1 emissions to 2,186.45 metric tonnes of CO2 equivalent in FY 2025-26, down from 2,089.29 metric tonnes in FY 2024-25. Scope 2 emissions rose to 35,914.16 metric tonnes of CO2 equivalent from 31,406.87 metric tonnes in the previous year. The combined emission intensity per lakh rupee of turnover adjusted for purchasing power parity decreased to 1.59 metric tonnes of CO2 equivalent from 1.90 in the prior year.

The company implemented several energy-saving initiatives, including optimized pneumatic door systems, motion sensor-based lighting, and the replacement of conventional fans with energy-efficient BLDC fans. Rooftop solar power systems with net-metering arrangements were utilized to reduce dependence on grid electricity. Air emissions also saw improvements, with NOx dropping to 0.277 MT from 0.301 MT, and particulate matter falling to 0.433 MT from 0.634 MT.

Workplace Safety and Human Rights

Safety metrics remained strong with zero fatalities and nil lost time injury frequency rates (LTIFR) for both employees and workers in FY 2025-26. The company recorded no high-consequence work-related injuries. A total of 354 complaints regarding working conditions and 89 regarding health and safety were filed by employees and workers; all were resolved within the respective quarters with none pending at year-end.

The workforce comprised 2,374 employees and 9,088 workers. Female representation stood at 12.72% among employees and 26.09% among workers. The company reported 100% coverage for Provident Fund, Gratuity, and Employee State Insurance benefits for applicable staff. No complaints related to child labor, forced labor, or discrimination were received. One sexual harassment complaint was dismissed in the previous year, with no such cases reported in FY 2025-26.

Supply Chain and Governance

Lumax Auto Technologies sourced 35.16% of input material directly from MSMEs/small producers and 93.71% from within India. The company assessed 21.19% of its value chain partners for environmental impacts, health and safety practices, and human rights issues. No significant adverse environmental impacts were identified from suppliers.

The Board of Directors approved the divestment of its 50% stake in Lumax Jopp Allied Technologies Private Limited to Jopp Holding GmbH in May 2026. Additionally, the Board approved acquiring the remaining 15.97% stake in Lumax FAE Technologies Private Limited, making it a wholly owned subsidiary. The company maintains a comprehensive grievance redressal framework, including a Vigil Mechanism/Whistle Blower Policy and an Anti-Bribery Policy, accessible via its website.