Lumax Auto Technologies has successfully completed its postal ballot process, with shareholders delivering overwhelming approval for the re-appointment of two key executives. The voting concluded on December 26, 2025, marking a significant milestone in the company's leadership continuity strategy.

Postal Ballot Results

The e-voting process, which ran from November 27 to December 26, 2025, saw substantial shareholder participation across all categories. The results demonstrate strong confidence in the company's leadership:

Leadership Re-appointments Approved

Both resolutions received overwhelming shareholder support:

Resolution 1: Mr. D.K. Jain as Executive Chairman

• Approval Rate: 92.05% of votes polled
• Total Votes Polled: 54,098,275 shares (79.37% of outstanding shares)
• Votes in Favour: 49,799,255 shares
• Term: 3 years effective from May 28, 2026

Resolution 2: Mr. Anmol Jain as Managing Director

• Approval Rate: 89.56% of votes polled
• Total Votes Polled: 41,384,112 shares (60.72% of outstanding shares)
• Votes in Favour: 37,062,661 shares
• Term: 5 years effective from May 28, 2026

Voting Participation Analysis

The postal ballot saw significant participation across shareholder categories:

Strong Financial Foundation

The successful postal ballot comes against the backdrop of robust financial performance that has strengthened shareholder confidence:

Scrutinizer's Validation

The voting process was overseen by Mr. Maneesh Gupta, Practising Company Secretary, who served as the appointed scrutinizer. The process was conducted entirely through electronic means via NSDL's e-voting platform, ensuring transparency and compliance with regulatory requirements.

Both resolutions required special resolution status due to promoter group interest, and the overwhelming approval rates demonstrate strong shareholder confidence in the leadership team's ability to capitalize on the company's current growth momentum.

The completion of this postal ballot provides Lumax Auto Technologies with confirmed leadership continuity, positioning the company to build upon its strong financial performance and strategic initiatives in the auto components sector.

Lumax Auto Technologies , a leading auto component manufacturer, has reported a robust performance for the second quarter of fiscal year 2026, with significant revenue growth and strategic expansions driving its success.

Strong Financial Performance

The company achieved a record quarterly revenue of INR 1,156.00 crore in Q2 FY26, marking a 37% year-on-year growth. This impressive performance was driven by strong demand, new product launches, and benefits from GST rate rationalization. In light of this strong showing, Lumax Auto Technologies has revised its full-year revenue growth guidance from 20% to 25%, aligning with its goal of maintaining a 20% CAGR.

Profitability and Margins

The company maintained healthy profitability, with EBITDA margins standing at 14.7% for Q2 FY26 and 14.0% for H1 FY26. Lumax Auto Technologies continues to maintain its guidance of 14% to 15% EBITDA margin for the full year FY26, demonstrating consistent performance despite market challenges.

Strategic Developments

Several key strategic initiatives were highlighted during the quarter:

1. IAC India Integration: This marks the first quarter where the entire profit after tax of IAC India is attributable to Lumax Auto Technologies, following the acquisition of the remaining minority stake in Q1 FY26.

2. Tech Center Launch: The company inaugurated SHIFT (Smart Hub for Innovation and Future Trends) in Bengaluru, aimed at accelerating product innovation, electronics development, and software integration across business verticals.

3. Global Expansion: Lumax Auto Technologies is setting up its first office in China, expected to be operational by January 2026, serving as a group resource center for sourcing, tooling, and technology scouting.

4. Credit Rating Upgrade: CRISIL Ratings Limited reaffirmed the company's short-term and long-term credit ratings at CRISIL A1+ and CRISIL AA- respectively, while revising the outlook on the long-term rating from "Stable" to "Positive".

Order Book and Future Outlook

The company reported a robust order book of INR 1,357.00 crore with strong visibility across the next three fiscal years. The order book reflects healthy traction across all product verticals, with advanced plastics contributing the largest share.

Segment Performance

Management Commentary

Anmol Jain, Managing Director of Lumax Auto Technologies, commented on the results: "Q2 FY26 marks a pivotal phase for Lumax Auto Technologies as we enter a new growth orbit post the full integration of Lumax IAC, guided by our 20.20.20.20 North Star vision and execution blueprint of our midterm plan, BRIDGE. We are building a stronger, more diversified and future-ready organization, with a sharpened focus on premiumization, EVs, and sustainable future mobility solutions."

The company's performance and strategic initiatives demonstrate its commitment to growth and innovation in the evolving automotive landscape. With a strong order book and clear strategic direction, Lumax Auto Technologies appears well-positioned to capitalize on emerging opportunities in the sector.