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.

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.