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Lumax Auto Technologies Limited ( (IN:LUMAXTECH) ) has issued an update.
Lumax Auto Technologies Limited announced that the Scheme of Amalgamation with its group entity Lumax Ancillary Limited has become effective following the filing of the National Company Law Tribunal’s sanction order with the Registrar of Companies. The amalgamation, with an appointed date of April 1, 2024 and effective from March 31, 2026, consolidates the two entities’ operations, which is expected to streamline the group structure, improve administrative efficiency and potentially strengthen the company’s financial and operational profile for stakeholders.
More about Lumax Auto Technologies Limited
Lumax Auto Technologies Limited operates in the automotive components industry, supplying a range of auto parts and systems to vehicle manufacturers and the aftermarket. The company focuses on manufacturing ancillary automotive products through its group entities, positioning itself as a key player in India’s auto components value chain.
Average Trading Volume: 25,573
Technical Sentiment Signal: Buy
Current Market Cap: 103.8B INR
Learn more about LUMAXTECH stock on TipRanks’ Stock Analysis page.