Lumax Industries will hold its 45th Annual General Meeting (AGM) on Wednesday, August 26, 2026, to ratify record financial performance for FY 2025-26 and approve significant governance changes. The Board has recommended a final dividend of ₹55 per equity share, subject to shareholder approval, marking a substantial increase from the ₹35 paid in the previous year. This payout represents 35.10% of net profits, rewarding investors after the company reported consolidated revenue of ₹4,184.16 Crore and Profit After Tax (PAT) of ₹17,246.89 Lakhs for FY 2025-26.

The AGM agenda includes critical structural reforms aimed at separating strategic oversight from operational execution. Shareholders are asked to approve the change in designation of Mr Deepak Jain from Chairman and Managing Director to Chairman (Whole Time Director), effective May 28, 2026. Concurrently, Mr Anmol Jain’s role will shift from Joint Managing Director to Managing Director, also effective May 28, 2026. These changes align with best practices in corporate governance while retaining existing remuneration terms approved in August 2025.

Financial Highlights and Dividend Details

FY 2025-26 was a landmark year for Lumax Industries, driven by strong demand in LED lighting and electric vehicle platforms. The following table outlines key standalone and consolidated metrics:

Standalone revenue grew 23.05% year-on-year, with EBITDA margins expanding by 110 basis points to 9.8%. The dividend record date is Thursday, August 06, 2026, with payments scheduled on or before September 24, 2026. Shareholders must submit Tax Deduction at Source (TDS) exemption documents by Monday, August 03, 2026, to ensure timely processing.

Leadership and Governance Changes

The Board seeks approval for the re-appointment of Mr Tadayoshi Aoki as Senior Executive Director – Whole Time Director for three years, effective February 03, 2027. His annual remuneration includes a salary of ₹2,88,000, House Rent Allowance of ₹1,44,000, and special allowances of ₹28,80,000. Additionally, Mr Tomohiro Kondo retires by rotation and offers himself for re-appointment as a Non-Executive, Non-Independent Director.

Related Party Transactions

Shareholders will vote on omnibus approval for material related party transactions with Lumax Auto Technologies Limited (LATL) for FY 2026-27. The proposed transaction limit is ₹805.21 Crore, representing 19.24% of the company’s annual consolidated turnover. The breakdown includes:

The Audit Committee has confirmed all dealings will be conducted at arm’s length. LATL is significantly influenced by Key Managerial Personnel, with Mr Deepak Jain holding 18.96% and Mr Anmol Jain holding 18.95% shares in LATL.

Voting and Meeting Logistics

The AGM will be conducted via Video Conferencing or Other Audio Visual Means (OAVM). Remote e-voting opens on Sunday, August 23, 2026, and closes on Tuesday, August 25, 2026. The cut-off date for voting eligibility is Thursday, August 20, 2026. Members wishing to ask questions during the meeting must register as speakers by sending their request to lumaxshare@lumaxmail.com by Wednesday, August 19, 2026, at 05:00 P.M. (IST).

Lumax Industries Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with BSE Limited and the National Stock Exchange of India Limited, in compliance with Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, signed by Executive Director & Company Secretary Raajesh Kumar Gupta on August 01, 2026, forms an integral part of the company's Integrated Annual Report for FY 2025-26 and is also available on the company's website.

Company Overview and Operations

Lumax Industries operates in the automotive lighting industry, supplying a comprehensive range of high-quality lighting solutions for passenger vehicles, two-wheelers, and commercial vehicles. The company primarily follows a Business-to-Business (B2B) model, serving Original Equipment Manufacturers (OEMs) such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, MG Motor, and Toyota Kirloskar, among others. Its operations span both domestic and international markets.

Environmental Performance

The BRSR provides detailed disclosures on the company's environmental footprint across energy, water, greenhouse gas emissions, and waste management for FY 2025-26 and FY 2024-25.

Energy Consumption

The following table summarises total energy consumption for the value chain disclosure boundary:

Water Management

The company's water withdrawal is sourced primarily from groundwater and third-party sources. It has installed Effluent Treatment Plants (ETPs) and Sewage Treatment Plants (STPs) at all relevant facilities, with treated water reused for gardening and other non-potable applications.

Greenhouse Gas Emissions

The company reported the following Scope 1 and Scope 2 GHG emissions for the value chain disclosure boundary:

To reduce GHG emissions, the company has implemented several energy efficiency initiatives, including compressed air system optimisation, renewable energy adoption through the Group Captive model and rooftop solar PV installations, chiller and pumping system upgrades, cooling tower efficiency enhancements, and the replacement of conventional heaters with infrared heating technology.

Waste Management

The company's waste management approach is guided by the principles of Reduce, Reuse, and Recycle (3R). Total waste generated and disposal details are as follows:

The company is registered under the Extended Producer Responsibility (EPR) framework across five states—Uttarakhand, Gujarat, Maharashtra, Haryana, and Karnataka—with all plants registered as brand owners.

Social and Workforce Disclosures

The BRSR highlights several workforce-related metrics. The cost incurred on well-being measures as a percentage of total revenue stood at 0.63% in FY 2025-26, compared to 0.36% in FY 2024-25. Safety performance for the value chain boundary showed a Lost Time Injury Frequency Rate (LTIFR) of 0 for both employees and workers in FY 2025-26, compared to 8.15 and 22.54 respectively in FY 2024-25. No fatalities were recorded in either year.

Gross wages paid to females as a percentage of total wages increased significantly to 55.60% in FY 2025-26 from 17.18% in FY 2024-25. No complaints were filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 in either year.

Governance and Value Chain Disclosures

The company's value chain disclosures reflect its sourcing and business concentration metrics. Directly sourced inputs from MSMEs/small producers accounted for 35.12% in FY 2025-26, compared to 44.48% in FY 2024-25, while inputs sourced directly from within India stood at 92.21% versus 86.93% in the prior year. The number of days of accounts payables was 53.04 in FY 2025-26, compared to 93.83 in FY 2024-25. Investments in related parties as a share of total investments stood at 99.23% in FY 2025-26, compared to 40.32% in FY 2024-25.

The company confirmed zero data breaches in FY 2025-26, with no impact on personally identifiable information of customers. It also confirmed full compliance with applicable environmental laws, including the Water (Prevention and Control of Pollution) Act, the Air (Prevention and Control of Pollution) Act, and the Environment (Protection) Act. No major human rights grievances or POSH complaints were reported during the year.