Lumax Auto Technologies has received final regulatory approval for its amalgamation scheme, marking a significant milestone in the company's corporate restructuring initiative. The National Company Law Tribunal (NCLT) New Delhi Bench pronounced its final order on February 18, 2026, sanctioning the scheme of amalgamation between Lumax Ancillary Limited and Lumax Auto Technologies Limited.

Amalgamation Structure and Timeline

The approved scheme involves the amalgamation of Lumax Ancillary Limited as the transferor company with Lumax Auto Technologies Limited as the transferee company, encompassing their respective shareholders and creditors. The amalgamation 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.

Regulatory Communication History

The company has maintained transparent communication with stakeholders throughout the approval process. Previous disclosures regarding this amalgamation scheme were made on May 27, 2024, and July 28, 2025, demonstrating a systematic approach to regulatory compliance and stakeholder engagement.

Documentation and Next Steps

While the NCLT has pronounced the final order, the official copy has not yet been uploaded on the tribunal's website. Lumax Auto Technologies Limited has committed to informing the stock exchanges once the order becomes available on the official NCLT website, ensuring continued transparency in the process.

Compliance Framework

The disclosure has been made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Pankaj Mahendru, Company Secretary and Compliance Officer, maintaining proper corporate governance protocols throughout the amalgamation process.

Lumax Auto Technologies Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, showcasing robust revenue growth across both standalone and consolidated operations. The Board of Directors approved these results at their meeting held on February 12, 2026.

Strong Revenue Performance Across Operations

The company delivered impressive consolidated revenue growth, with total income reaching Rs 1,28,565.22 lakhs for Q3FY26 compared to Rs 91,452.18 lakhs in Q3FY25, marking a substantial 40.6% year-on-year increase. Standalone operations also showed healthy growth with total income of Rs 46,316.68 lakhs versus Rs 38,987.92 lakhs in the corresponding quarter last year.

Profitability Impacted by Labour Code Changes

Despite strong revenue performance, the company's profitability was significantly affected by exceptional charges related to the implementation of India's new Labour Codes. The consolidated profit before exceptional items stood at Rs 11,601.24 lakhs, but after accounting for exceptional charges of Rs 1,494.84 lakhs, the profit before tax was Rs 10,106.40 lakhs.

The exceptional charges relate to the Government of India's notification of four Labour Codes on November 21, 2025, consolidating 29 existing labour laws. The company assessed and accounted for the incremental impact based on available information and guidance from the Institute of Chartered Accountants of India.

Nine-Month Performance Shows Consistent Growth

For the nine months ended December 31, 2025, the company maintained strong momentum with consolidated revenue from operations reaching Rs 3,45,339.75 lakhs compared to Rs 2,50,378.56 lakhs in the corresponding period last year, representing a growth of 37.9%. Standalone operations generated Rs 1,25,863.49 lakhs in revenue versus Rs 1,09,379.71 lakhs in the previous year.

Board Approvals and Strategic Initiatives

The Board of Directors approved a proposal for providing First Loss Deficiency Guarantee for channel partners. Under this arrangement, the company will guarantee up to 20% of the credit facility limit being provided by ICICI Bank Limited to the company's channel partners under a Channel Financing Facility of Rs 30 crores.

The company stated that this facility is intended to facilitate timely payments, improve liquidity for dealers and distributors, and support smooth business operations without adversely affecting the company's financial position or cash flows.

Earnings Conference Call Recording Available

Lumax Auto Technologies Limited has made available the audio recording link of its earnings conference call held on February 13, 2026, to discuss the operational and financial performance for Q3 and nine months ended December 31, 2025. The recording can be accessed on the company's website at https://www.lumaxworld.in/lumaxautotech/transcript.html for investors and the general public.

Earnings Per Share Performance

Consolidated earnings per share for Q3FY26 stood at Rs 12.10 compared to Rs 6.58 in Q3FY25, while standalone EPS was Rs 1.60 versus Rs 3.25 in the corresponding quarter last year. For the nine-month period, consolidated EPS reached Rs 27.99 compared to Rs 17.52 in the previous year.

The financial results were reviewed by Price Waterhouse Chartered Accountants LLP, the company's statutory auditors, who provided unmodified review reports for both standalone and consolidated results.