Lumax Auto Technologies Limited , a prominent player in the automotive components sector, has taken a significant step towards expanding its footprint in the industry. The company has incorporated a new wholly owned subsidiary, LUMAX AUTOCOMP PRIVATE LIMITED, in New Delhi on July 24, 2025.

Key Details of the New Subsidiary

Financial Structure

The newly formed subsidiary has been established with an authorized capital of Rs 10.00 lakhs, divided into 1,00,000 equity shares of Rs 10.00 each. Lumax Auto Technologies holds 100% shareholding in the new entity, with the subscription to the share capital made through cash consideration.

Strategic Alignment

The incorporation of LUMAX AUTOCOMP PRIVATE LIMITED is in line with Lumax Auto Technologies' vision for the automotive components sector. This strategic move is expected to enable the company to address growth opportunities in the rapidly evolving automotive industry more effectively.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Ministry of Corporate Affairs, Central Registration Centre, issued the Certificate of Incorporation for LUMAX AUTOCOMP PRIVATE LIMITED on July 24, 2025.

Management's Statement

Pankaj Mahendru, Company Secretary & Compliance Officer of Lumax Auto Technologies Limited, confirmed the incorporation of the new subsidiary in an official communication to the stock exchanges. He stated that the operations of LUMAX AUTOCOMP PRIVATE LIMITED will be aligned with the company's vision and will enable Lumax Auto Technologies to further address growth opportunities in the automotive sector.

Impact on Related Party Transactions

It's worth noting that while the initial subscription to the share capital of the new subsidiary does not fall within the purview of Related Party Transactions for Lumax Auto Technologies, the newly incorporated entity will be considered a related party going forward, being a wholly owned subsidiary.

This strategic expansion by Lumax Auto Technologies reflects the company's commitment to strengthening its position in the automotive components industry and capitalizing on emerging opportunities in the sector.

Lumax Auto Tech , a prominent player in the automotive components sector, has unveiled its strategic growth plans, setting an ambitious target for the coming years. The company has announced a robust growth objective and significant revenue expectations from its Greenfuel division.

Growth Target

Lumax Auto Tech has set its sights on achieving a substantial 20% growth target for the fiscal year 2026. This ambitious goal underscores the company's confidence in its business model and market positioning.

Greenfuel Division Focus

In a move that highlights its commitment to sustainable and alternative fuel technologies, Lumax Auto Tech has outlined significant revenue expectations from its Greenfuel division:

• The company plans to generate between ₹800.00 crore and ₹1,000.00 crore from the Greenfuel division.
• This revenue target is set to be achieved over the next six years.

The focus on the Greenfuel division suggests Lumax Auto Tech's strategic alignment with the growing trend towards cleaner and more sustainable automotive technologies.

Implications

These announcements indicate Lumax Auto Tech's proactive approach to capitalizing on emerging opportunities in the automotive sector:

1. Diversification: The substantial revenue target for the Greenfuel division points to a strategic diversification of the company's product portfolio.
2. Sustainability Focus: The emphasis on Greenfuel aligns with global automotive trends towards more environmentally friendly technologies.
3. Long-term Vision: The six-year timeframe for achieving the Greenfuel division's revenue target demonstrates the company's commitment to long-term growth and sustainability.

Lumax Auto Tech's growth target and focus on green technologies reflect the company's adaptability to changing market demands and its commitment to sustainable growth in the automotive components sector.