Lumax Industries Limited Submits Business Responsibility and Sustainability Report for FY 2025-26

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.

Parameter:	Details
National Plants:	11
National Offices:	5
Total National Locations:	16
International Offices:	2
Total International Locations:	2

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:

Energy Metric:	FY 2025-26	FY 2024-25
Total electricity consumption from Renewable Sources (A) (GJ):	0	8,537.01
Total fuel consumption from Renewable Sources (B) (GJ):	0	0
Total energy from Renewable Sources (A+B+C) (GJ):	0	8,537.01
Total electricity consumption from Non-Renewable Sources (D) (GJ):	36,393.13	3,73,558.71
Total fuel consumption from Non-Renewable Sources (E) (GJ):	6,923.97	3,586.23
Total energy from Non-Renewable Sources (D+E+F) (GJ):	43,317.10	3,77,144.94
Total energy consumed (GJ):	43,317.10	3,85,681.96

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.

Water Metric:	FY 2025-26 (KL)	FY 2024-25 (KL)
Groundwater withdrawal:	15,681.22	15,697.80
Third-party water withdrawal:	59,120.28	54,598.01
Total water withdrawal:	74,801.50	70,295.81
Total water consumption:	49,055.80	45,984.80
Total water discharged:	26,124.46	25,787.94

Greenhouse Gas Emissions

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

Emissions Metric:	FY 2025-26	FY 2024-25
Total Scope 1 emissions (MT CO2 equivalent):	319.03	392.03
Total Scope 2 emissions (MT CO2 equivalent):	7,059.52	15,917.01

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:

Waste Category:	FY 2025-26 (MT)	FY 2024-25 (MT)
Plastic waste:	610.36	1,022.23
E-waste:	30.15	0.71
Other Hazardous waste:	97.47	132.33
Other Non-hazardous waste:	199.20	329.27
Total waste generated:	937.18	1,485.23
Total waste recovered (recycling/reuse/other):	802.46	1,262.09
Total waste disposed:	153.61	223.14

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.

Safety Metric:	FY 2025-26	FY 2024-25
LTIFR – Employees (per million person hours):	0	8.15
LTIFR – Workers (per million person hours):	0	22.54
Total recordable injuries – Employees:	0	3
Total recordable injuries – Workers:	0	38
Fatalities – Employees:	0	0
Fatalities – Workers:	0	0

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.

Governance Metric:	FY 2025-26	FY 2024-25
Days of accounts payables:	53.04	93.83
Inputs from MSMEs/small producers (%):	35.12%	44.48%
Inputs sourced from within India (%):	92.21%	86.93%
Investments in related parties / Total Investments (%):	99.23%	40.32%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.52%	+3.75%	+0.11%	+8.58%	+33.93%	+248.46%

Lumax Industries has submitted its Integrated Annual Report for FY 2025-26 to the stock exchanges, alongside the Notice of its 45th Annual General Meeting (AGM) scheduled for Wednesday, August 26, 2026 at 02:30 P.M. (IST) via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The report marks a defining year for the company, with record revenues, significant margin expansion, and major strategic milestones across manufacturing, sustainability, and governance.

Record Financial Performance in FY 2025-26

FY 2025-26 was the strongest financial year in the company's history. The following table summarises the key standalone and consolidated financial highlights:

Metric:	Standalone FY26	Standalone FY25	Consolidated FY26	Consolidated FY25
Revenue from Operations (₹ Lakhs):	4,18,415.93	3,40,039.16	4,18,415.93	3,40,039.16
Profit Before Tax (₹ Lakhs):	18,902.45	11,187.66	22,251.62	17,776.23
Profit After Tax (₹ Lakhs):	14,649.59	9,151.04	17,246.89	13,990.87
Basic/Diluted EPS (₹):	156.72	97.90	184.50	149.67
Total Comprehensive Income (₹ Lakhs):	14,731.36	9,137.57	17,593.70	13,545.33

On a standalone basis, revenue from operations grew 23.05% year-on-year. Profit Before Tax rose 68.96% and Profit After Tax increased 60.09%. EBITDA margins for FY 2025-26 stood at 9.8%, an increase of 110 basis points over the previous year. The company invested ₹40,825.75 Lakhs towards capacity expansion of its manufacturing facilities during the year.

Revenue Mix and Order Book

The company's LED lighting revenue share reached approximately 61% of total revenues, nearly doubling from 35% in FY 2022-23. The order book as of FY 2025-26 stands at ₹2,200 Crore, with 88% comprising LED products and 11% dedicated to EV platforms. The segment-wise revenue composition is presented below:

Segment:	Contribution to Total Revenue
Passenger Vehicles:	~65%
Two-Wheelers:	~29%
Commercial Vehicles & Others:	~6%
Front Lighting:	69%
Rear Lighting:	22%
Others:	9%

Dividend, AGM, and Voting Details

The Board has recommended a final dividend of ₹55 per equity share of ₹10 face value for FY 2025-26, subject to shareholder approval at the AGM. This compares to ₹35 per share paid for FY 2024-25. The dividend payout for FY 2025-26 would amount to ₹5,141.25 Lakhs, equivalent to 35.10% of the net profits. The record date for dividend eligibility is Thursday, August 06, 2026, and payments will be disbursed on or before September 24, 2026.

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. Shareholders must submit TDS exemption documents by Monday, August 03, 2026.

Leadership Restructuring and Key Appointments

The Board has proposed significant leadership changes to enhance corporate governance by separating strategic oversight from operational execution:

Director:	Previous Designation	Proposed Designation	Effective Date
Mr Deepak Jain:	Chairman & Managing Director	Chairman (Whole Time Director – KMP)	May 28, 2026
Mr Anmol Jain:	Joint Managing Director	Managing Director (KMP)	May 28, 2026

Shareholders will also vote on the re-appointment of Mr Tadayoshi Aoki as Senior Executive Director – Whole Time Director for three years effective February 03, 2027. His proposed annual remuneration includes a salary of ₹2,88,000, House Rent Allowance of ₹1,44,000, and special allowances of ₹28,80,000, along with perquisites such as medical aid and travel benefits. Mr Tomohiro Kondo will retire by rotation and offer himself for re-appointment as a Non-Executive, Non-Independent Director.

Related Party Transactions with LATL

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 of ₹4,184.16 Crore for FY 2025-26, exceeding the 10% materiality threshold under SEBI Listing Regulations. The breakdown of proposed transactions is as follows:

Transaction Type:	Estimated Amount (₹ in Lakhs)
Sale/Purchase of goods, services, raw materials:	79,095
Sale/Purchase/Lease of business assets:	926
Royalty receipts for technology licensing:	500
Total:	80,521

The Audit Committee has confirmed all dealings will be conducted at arm's length. LATL is controlled and/or significantly influenced by the Key Managerial Personnel and their relatives, with Mr Deepak Jain holding 18.96% and Mr Anmol Jain holding 18.95% shares of LATL respectively.

Manufacturing Expansion and Technology

During the year, the company commissioned two new manufacturing facilities — Chakan Phase 2 in Pune and Sanand 2 in Gujarat — and received Board approval for a new greenfield plant in Bengaluru, Karnataka with a capital outlay of ₹140 Crore, to be commissioned by Q4 FY 2026-27. The company achieved 100% localisation in SMT assembly and 70% localisation in PCB bare boards at its Bawal, Haryana electronics facility. Overall LED component localisation stands at 30–35%, with a roadmap targeting 50–60%.

FY 2025-26 capital expenditure stood at ₹350–400 Crore, significantly above original guidance of ₹180–220 Crore, funded entirely through internal accruals. The planned capex for FY 2026-27 is ₹100–150 Crore as the company transitions from capacity building to harvesting.

ESG and Sustainability Milestones

The company achieved several landmark sustainability milestones during the year. The Bengaluru plant became India's first automotive lighting facility to achieve RE 100 status with zero grid units in December 2025. Chakan III also achieved RE 100 status against a FY 2023-24 baseline. Group-wide renewable energy coverage reached 72% through Power Purchase Agreements, exceeding the internal RE 70 target. The company also became the first automotive lighting company in India to receive the GreenPro Ecolabel certification. Key environmental metrics are summarised below:

GHG Category:	FY 2024-25	FY 2025-26
Scope 1 Emissions (tCO₂e):	2,510.00	3,213.60
Scope 2 Emissions (tCO₂e):	61,023.12	71,741.20
Total GHG Emissions (tCO₂e):	63,700.51	74,954.80
Emissions Avoided through Solar (tCO₂e):	13,610.97	19,257.02
Emissions Intensity (per ₹1 Lakh revenue):	0.187	0.179

Zero fatalities and zero Lost Time Injuries (LTI) were recorded across all manufacturing facilities. Women workforce representation increased to 25.54% from the FY 2023-24 baseline, advancing towards the 30% target by 2030. ICRA upgraded the company's long-term credit rating to ICRA AA- (Stable) and short-term rating to ICRA A1+ in April 2026.

CSR Activities

The company's CSR obligation for FY 2025-26 stood at ₹202.29 Lakhs, against which actual expenditure of ₹212.14 Lakhs was incurred including administrative expenses. Key CSR activities conducted through the Lumax Charitable Foundation included 424 cataract surgeries, 913 cancer awareness and treatment interventions, and 338 scholarships awarded through the Usha ki Kiran programme across 33 schools in 5 states.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE162B01018/c008fd72-e67c-4d60-8c51-4b5745ad857a.pdf

Lumax Industries Limited Submits Business Responsibility and Sustainability Report for FY 2025-26

Company Overview and Operations