Lumax Auto Technologies Limited has recommended a final dividend of ₹5.50 per equity share of ₹2 each for the financial year ended March 31, 2026. The Board of Directors approved the recommendation in a meeting held on May 29, 2026. The payout is subject to the approval of shareholders at the 45th Annual General Meeting scheduled for Wednesday, August 26, 2026.

The dividend will be payable to members whose names appear in the Register of Members as of the close of business on Thursday, August 06, 2026. The company has communicated the details regarding Tax Deduction at Source (TDS) on the dividend payout to shareholders, pursuant to the Income Tax Act, 2025.

Tax Deduction at Source Rates

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. For other resident shareholders, the rate is 10% if a valid PAN is available, rising to 20% if the PAN is invalid or inoperative.

Non-resident shareholders are subject to a base rate of 20% plus surcharge and cess, or the applicable tax treaty rate, whichever is beneficial. Specific categories such as Sovereign Wealth Funds and Pension funds notified under Schedule V of the Act are subject to a NIL TDS rate.

Documentation Requirements

Shareholders must submit necessary documents to the company or its Registrar and Transfer Agent to avail of lower or nil TDS rates. Required documents include copies of PAN cards, Tax Residency Certificates for non-residents, and specific self-declarations in prescribed formats. The deadline for submitting these documents is Monday, August 3, 2026.

The company emphasized that recording a valid Permanent Account Number (PAN) is mandatory. In the absence of a valid PAN, tax will be deducted at a higher rate of 20%. Shareholders have been advised to ensure their bank account details are updated in their demat accounts or physical folios to facilitate the direct credit of dividends.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE872H01027/8a7c4498-cfb2-491f-81b5-86173d39cd4d.pdf

Promoter Anmol Jain has confirmed holding 35,05,399 equity shares, representing a 37.50% stake in Lumax Industries Limited , as on March 31, 2026. In a disclosure submitted to the stock exchanges, Jain stated that no encumbrance was created on these shares, either directly or indirectly, during the financial year 2025-2026. The declaration was made on behalf of the promoter, the promoter group, and persons acting in concert.

The filing was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or their group entities. The confirmation of a clean title on the substantial shareholding provides clarity regarding the promoter's holding structure.

Shareholding Details

The following table outlines the shareholding declared by the promoter as of the specified date:

The declaration addressed to BSE Limited and The National Stock Exchange of India Limited was signed by Anmol Jain in his capacity as Promoter. The communication was also copied to the Audit Committee and Company Secretary of Lumax Industries Limited for their records.