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 successfully completed its postal ballot process on December 26, 2025, securing shareholder approval for the re-appointment of key management personnel. The e-voting process concluded at 5:00 P.M. (IST) on Friday, December 26, 2025, with both resolutions receiving overwhelming majority support from shareholders.

Postal Ballot Results Overview

The company conducted the postal ballot exclusively through electronic voting (e-voting) during the period from November 27, 2025, at 9:00 A.M. (IST) to December 26, 2025, at 5:00 P.M. (IST). The voting process was managed by National Securities Depository Limited (NSDL) and overseen by scrutinizer Maneesh Gupta, a practicing Company Secretary.

Resolution 1: Executive Chairman Re-appointment

Shareholders approved the re-appointment of Mr. Dhanesh Kumar Jain (DIN: 00085848) as Executive Chairman and Whole Time Director for a period of 3 years. This special resolution received strong support across all shareholder categories.

Resolution 2: Managing Director Re-appointment

The second special resolution for re-appointing Mr. Anmol Jain (DIN: 00004993) as Managing Director for 5 years also secured majority approval, though with slightly different voting patterns.

Regulatory Compliance and Process

The postal ballot was conducted in compliance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company followed the electronic-only voting process as per MCA General Circular No. 03/2025 dated September 22, 2025.

The scrutinizer's report confirmed that certain votes from interested promoter group shareholders were treated as invalid - 203,950 shares for Resolution 1 and 12,918,113 shares for Resolution 2 - ensuring proper governance protocols were followed.

NCLT Merger Proceedings Update

Separately, the company continues to await the NCLT New Delhi Bench's decision on its proposed merger scheme with IAC International Automotive India Private Limited. The tribunal had reserved its order on December 10, 2025, following detailed hearings on the amalgamation proposal under petition number CA-(CAA)-95/230-232/ND/2025.

The filing was completed by Pankaj Mahendru, Company Secretary and Compliance Officer (ICSI Membership No. A28161), with detailed voting results and scrutinizer reports made available on the company's website at www.lumaxworld.in/lumaxautotech .