News

LCAT is engaged in the business of providing emission products i.e. Air Filters, Fuel Tanks etc. for both two wheelers and four wheelers

The Board of Directors of the Company in their Meeting held on August 06, 2022, has inter-alia, considered and approved the same

Accordingly, IAC India has become the step-down subsidiary of the company and subsidiary of Lumax Integrated Ventures with immediate effect

The Board of Directors of the Company, at their Meeting held on February 13, 2024, have inter-alia, considered and approved the same

The Ministry of Corporate Affairs, Central Registration Centre on March 12, 2024 has issued a Certificate of Incorporation of Lumax Resources

The Board of Directors of Lumax Auto Technologies at their meeting held on November 13, 2024 has approved the same

The proposed acquisition will be LATL’s entry into the green and alternate fuels segment

Equity value for 25 per cent interest in IAC India is approximately Rs 221 crore

Lumax and IAC will work as strategic partners and leverage their respective competitive strengths to drive IAC India’s business forward in the coming years

Accordingly, IAC India has become a Wholly Owned Material subsidiary of the Company

The acquisition has been funded through a combination of debt and internal accruals

The first facility, an extension of IAC’s existing site within the Mahindra Supplier Park, spans 94,000 sq.ft. will primarily support Mahindra Vehicle Manufacturers

Accordingly, LAL has become a wholly owned subsidiary of the Company with effect from January 25, 2024