Lumax Auto Technologies has received the final order from the National Company Law Tribunal (NCLT) New Delhi Bench sanctioning its amalgamation scheme with Lumax Ancillary Limited. The company disclosed receipt of the NCLT order dated March 11, 2026, under Regulation 30 of SEBI Listing Regulations, marking the completion of the regulatory approval process for the merger arrangement.

NCLT Final Order Details

The Hon'ble NCLT New Delhi Bench, comprising Member (J) Shri Ashok Kumar Bhardwaj and Member (T) Ms. Reena Sinha Puri, delivered the final order on March 11, 2026, in Company Petition No. (CAA)-69/(ND)/2025. The tribunal sanctioned the Scheme of Arrangement of Amalgamation between the two entities and their respective shareholders and creditors.

Regulatory Compliance and Disclosure

The company made the disclosure through Company Secretary & Compliance Officer Pankaj Mahendru on March 13, 2026. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, fulfilling the mandatory disclosure requirements under securities regulations.

Scheme Implementation Framework

The NCLT order establishes comprehensive directions for the merger implementation. The tribunal confirmed that Lumax Ancillary Limited, as the wholly-owned subsidiary and transferor company, will be dissolved without winding up procedures. All assets, liabilities, contracts, and employee arrangements will transfer to Lumax Auto Technologies Limited as the transferee company.

The scheme encompasses transfer of all properties, rights, entitlements, statutory benefits, tax incentives, and ongoing litigations from the transferor to the transferee company. Employee transfers will occur without service interruption and on terms no less favorable than existing arrangements.

Statutory Authority Clearances

The merger received clearances from key regulatory bodies. The Official Liquidator reported no objections to the scheme, while the Income Tax Department conveyed no objection subject to fulfillment of scheme conditions. The Registrar of Companies raised certain observations which were satisfactorily addressed by the petitioner companies.

The NCLT order preserves the rights of tax authorities to pursue investigations and recover dues, with the transferee company assuming responsibility for all statutory liabilities of the transferor company. The order is available on the NCLT website at www.nclt.gov.in and the company's website at www.lumaxworld.in/lumaxautotech .

Lumax Auto Technologies Limited has received a credit rating upgrade from CRISIL Ratings Limited, with the agency upgrading the company's long-term credit rating while reaffirming its short-term ratings. The rating action was communicated to stock exchanges on March 07, 2026, in compliance with regulatory disclosure requirements.

Credit Rating Enhancement Details

CRISIL Ratings has upgraded Lumax Auto Technologies' long-term credit rating from CRISIL AA-/Positive to CRISIL AA/Stable, representing an improvement in the company's creditworthiness assessment. Simultaneously, the rating agency reaffirmed the company's short-term and commercial paper credit rating at CRISIL A1+.

The rating upgrade covers total bank loan facilities worth Rs. 332 crore, reflecting CRISIL's enhanced confidence in the company's ability to meet its financial obligations.

Facility-wise Rating Distribution

The rated facilities are distributed across multiple banking partners, demonstrating the company's diversified banking relationships. The facilities include cash credit lines, long-term bank facilities, non-fund based limits, and working capital demand loans.

Commercial Paper Programme Reaffirmation

CRISIL Ratings has also reaffirmed its CRISIL A1+ rating on the company's Rs. 50 crore commercial paper programme. According to CRISIL, securities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry the lowest credit risk.

The commercial paper rating letter remains valid for 60 calendar days from March 07, 2026, for the purpose of issuance. Once issued, the rating remains valid throughout the life of the commercial paper programme with a maximum maturity of one year.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Pankaj Mahendru communicated the rating actions to both BSE Limited and National Stock Exchange of India Limited, ensuring transparency for investors and stakeholders.

The rating letters dated March 07, 2026, issued by CRISIL Ratings Limited, provide comprehensive details of the rating rationale and facility-wise breakdowns, supporting the company's enhanced credit profile in the market.