Lumax Auto Technologies Limited has successfully completed the amalgamation of two of its subsidiaries, marking a significant milestone in its corporate restructuring initiatives. The company announced that the Scheme of Amalgamation between Greenfuel Energy Solutions Private Limited and Lumax Resources Private Limited became effective on February 03, 2026.

NCLT Approval and Implementation

The amalgamation process received judicial approval from the Hon'ble National Company Law Tribunal, Chandigarh Bench, which sanctioned the scheme on January 30, 2026. The tribunal's order paved the way for the merger between the two subsidiary entities under the regulatory framework.

Corporate Structure Details

The amalgamation involves two distinct subsidiary entities of Lumax Auto Technologies Limited. Greenfuel Energy Solutions Private Limited, functioning as a step-down subsidiary, serves as the transferor company in this arrangement. Lumax Resources Private Limited, operating as a wholly owned subsidiary, acts as the transferee company that will absorb the transferor entity.

Regulatory Compliance Process

Both companies fulfilled the mandatory regulatory requirements by filing certified true copies of the Hon'ble NCLT Order with the Registrar of Companies, Ministry of Corporate Affairs. The filing was completed through Form No. INC-28 on February 03, 2026, ensuring full compliance with corporate law provisions.

Scheme Implementation Timeline

The amalgamation scheme carries an appointed date of November 26, 2024, which serves as the effective date for accounting and operational purposes. However, the legal effectiveness commenced only after the completion of all regulatory filing requirements on February 03, 2026.

The successful completion of this amalgamation represents the culmination of a structured corporate reorganization process, involving judicial approval, regulatory compliance, and proper documentation as mandated under Indian corporate law.

Lumax Auto Technologies Limited has received approval from the National Company Law Tribunal (NCLT) for a merger scheme involving its subsidiaries. The Hon'ble NCLT Chandigarh Bench pronounced an order on January 14, 2026, sanctioning the scheme of arrangement for amalgamation between Greenfuel Energy Solutions Private Limited and Lumax Resources Private Limited.

Details of the Approved Merger Scheme

The merger involves two key subsidiaries of Lumax Auto Technologies:

The scheme has been structured in accordance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, along with the rules framed thereunder.

Current Status and Next Steps

While the NCLT has sanctioned the scheme, the company has identified certain factual errors in the order. Lumax Auto Technologies is taking necessary steps for rectification of the said order. The copy of the order has been uploaded on the official website of the Hon'ble NCLT.

Upon receipt of the rectified order, the company will provide requisite disclosure and file necessary documents with the stock exchanges. This procedural step ensures accuracy and compliance with regulatory requirements.

Previous Merger Activity

This development follows the company's earlier merger activities, including the previously approved amalgamation with its wholly-owned subsidiary Lumax Ancillary Limited. The current scheme represents another step in the company's ongoing corporate restructuring initiatives.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Pankaj Mahendru communicated the development to both BSE Limited and National Stock Exchange of India Limited.

The company had previously communicated regarding this scheme on February 06, 2025, and September 15, 2025, keeping stakeholders informed throughout the process. This merger scheme is expected to contribute to the company's strategic objectives of streamlining operations and enhancing operational efficiency across its subsidiary network.