Lumax Auto Technologies Limited has announced that the National Company Law Tribunal (NCLT) New Delhi Bench has reserved its order regarding the proposed scheme of amalgamation with IAC International Automotive India Private Limited. The development follows a detailed hearing conducted by the tribunal on December 10, 2025.

NCLT Proceedings Update

The NCLT New Delhi Bench heard the company petition bearing number CA-(CAA)-95/230-232/ND/2025 (1st Motion) at length on December 10, 2025. Following the comprehensive hearing, the Honorable NCLT reserved its order on the merger proposal.

Merger Scheme Details

The scheme of amalgamation involves IAC International Automotive India Private Limited as the transferor company and Lumax Auto Technologies Limited as the transferee company. The merger is being pursued under the provisions of Sections 230-232 and other applicable provisions of the Companies Act, 2013, read with the rules made thereunder.

The tribunal proceedings were presided over by a Division Bench comprising:

• Shri Mahendra Khandelwal, Honorable Member (Judicial)
• Ms. Anuja G Mohan Singh, Honorable Member (Technical)

Legal Representation and Process

The hearing was conducted in a hybrid format, allowing both physical and virtual participation. The applicant company was represented by senior advocate Mr. P Nagesh, along with Mr. Abhishek Nohta (PCA) and Mr. Mukul Sehgal (Advocate).

During the proceedings, the senior counsel referenced various judgments mentioned in the petition and cited a recent NCLT New Delhi Court II judgment passed in CA(CAA)-79/ND/2024 regarding seeking dispensation of meetings.

Regulatory Compliance

Lumax Auto Technologies Limited filed this intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously informed the exchanges about the merger scheme through an intimation dated November 08, 2025.

The filing was signed by Pankaj Mahendru, Company Secretary and Compliance Officer (ICSI Membership No. A28161), and the information has been made available on the company's website at www.lumaxworld.in/lumaxautotech for stakeholder reference.

Lumax Auto Technologies , a prominent player in the auto components sector, has initiated a postal ballot seeking shareholder approval for the re-appointment of two key executives. This move comes as the company aims to maintain leadership continuity amidst strong financial performance.

Leadership Re-appointments

The company is seeking consent to re-appoint:

1. Mr. D.K. Jain as Executive Chairman for a 3-year term
2. Mr. Anmol Jain as Managing Director for a 5-year term

Both appointments would be effective from May 28, 2026, subject to shareholder approval.

Voting Process

• E-voting Period: November 27 to December 26, 2025
• Results Declaration: By December 29, 2025

Remuneration Package

Both positions include a remuneration package with up to 5% commission on net profits, calculated as per the Companies Act, 2013.

Financial Performance

Lumax Auto Technologies has shown robust financial growth, as evidenced by its recent quarterly results:

The company has demonstrated strong growth across key financial parameters, indicating a positive trajectory in its business operations.

Analysis

The proposed re-appointments suggest a strategy to maintain stable leadership during a period of significant growth. The company's financial results show:

1. Revenue Growth: A 36.65% increase year-over-year indicates strong market demand for Lumax's products.
2. Profitability Improvement: The 49.81% rise in net profit outpaces revenue growth, suggesting improved operational efficiency.
3. Shareholder Value: With a 55.96% increase in EPS, the company is delivering enhanced value to its shareholders.

These robust financials provide context for the company's decision to retain its current leadership, as they seek to build on this momentum.

Shareholders will need to consider the company's performance and future prospects when voting on these re-appointments. The extended tenures proposed for both executives indicate the board's confidence in their ability to guide Lumax Auto Technologies through its next phase of growth.

Investors should monitor the outcome of this postal ballot, as it will determine the company's leadership structure for the coming years, potentially influencing its strategic direction and performance.