NCLT Reserves Order on Lumax Auto Technologies Merger Scheme with IAC International
NCLT New Delhi has reserved its order on the merger scheme between IAC International Automotive India Private Limited and Lumax Auto Technologies Limited. The order was reserved on April 15, 2026, following the Second Motion petition hearing, with the company receiving notification on April 22, 2026. All stakeholders including SEBI, Official Liquidator, and Income Tax Department have filed their responses with no specific objections to the proposed amalgamation scheme. The final pronouncement date is yet to be listed by the tribunal.
*this image is generated using AI for illustrative purposes only.
Lumax Auto Technologies has informed stock exchanges that the National Company Law Tribunal (NCLT) New Delhi has reserved its order on the company's merger scheme with IAC International Automotive India Private Limited. The company received the tribunal's order dated April 15, 2026 on April 22, 2026.
NCLT Proceedings Update
The NCLT New Delhi Bench, through its Division Bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh, reserved the order with respect to the Second Motion petition. The case reference number is CP(CAA)-13/230-232/ND/2026.
| Parameter: | Details |
|---|---|
| Order Date: | April 15, 2026 |
| Order Received: | April 22, 2026 |
| Case Number: | CP(CAA)-13/230-232/ND/2026 |
| Hearing Type: | Hybrid (Physical & VC) |
Merger Scheme Details
The scheme involves the amalgamation between IAC International Automotive India Private Limited (Transferor Company) and Lumax Auto Technologies Limited (Transferee Company) along with their respective shareholders and creditors. The merger is being conducted under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Stakeholder Responses
During the proceedings, various stakeholders presented their positions:
- Official Liquidator: Filed their report and stated no specific objection to the scheme if approved
- SEBI: Submitted their response with certain observations, which were addressed by the petitioner company through an affidavit. SEBI confirmed no further observations after reviewing the affidavit
- Income Tax Department: Filed their report with no specific objections to the proposed merger
- Registrar of Companies: Their contentions were recorded in the previous order dated April 8, 2026
Legal Representation
The hearing featured comprehensive legal representation with Mr. P. Nagesh, Senior Advocate, leading the petitioner's case alongside other counsel members. Company Secretary Pankaj Mahendru and Director Sanhay Mehta represented the company during proceedings.
Next Steps
The final pronouncement date for the NCLT order is yet to be listed by the tribunal. The company has made the order copy available on its website at www.lumaxworld.in/lumaxautotech as part of its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Lumax Auto Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.31% | -3.98% | +16.66% | +48.14% | +211.20% | +1,080.05% |
What potential synergies and cost savings could Lumax Auto Technologies realize if the NCLT approves this merger with IAC International?
How might this merger impact Lumax's competitive position in the automotive components market and its ability to secure new OEM contracts?
What are the expected timelines for NCLT's final decision, and how could delays affect Lumax's business operations and expansion plans?
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
