Lumax Auto Technologies Limited has achieved a significant victory in its GST appeal case, with the demand being substantially reduced following a favorable ruling from the Maharashtra tax authorities.

Appeal Outcome Details

The company received an Order-in-Appeal dated February 18, 2026, from the Office of the Joint Commissioner of State Tax, Appeals, Pune Division-2, Maharashtra. The first appeal filed by the company has been partly allowed, resulting in a substantial reduction in the GST demand.

Background of the GST Matter

The GST issue originated from an Adjudication Order dated July 19, 2024, issued under Section 73(9) of the Maharashtra Goods & Services Tax Act, 2017 and Section 20 of the IGST Act. The matter pertains to the period from April 2019 to March 2020.

Nature of Alleged Violations

The demand was raised on account of:

• Tax not paid or short paid
• Erroneously refunded amounts
• Input tax credit wrongly availed or utilized

The original communication regarding this matter was made by the company on July 26, 2024, following the initial adjudication order.

Regulatory Compliance

Lumax Auto Technologies has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under Para A of Part A of Schedule III.

Next Steps

Based on advice from tax advisors, Lumax Auto Technologies plans to file an appeal against the remaining demand of Rs. 1,03,78,580 before the Hon'ble Tribunal within the prescribed timelines. This indicates the company's intention to further contest the reduced demand amount.

The information has been made available on the company's website at www.lumaxworld.in/lumaxautotech , ensuring transparency and accessibility for stakeholders. The significant reduction in the GST demand represents a positive development for the company, though the final resolution remains pending the outcome of the planned tribunal appeal.

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.