Meeting Details

  • Type of Meeting: 45th Annual General Meeting
  • Date: Wednesday, August 26, 2026
  • Time: 02:30 P.M. (IST)
  • Location: Conducted entirely via Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Venue: The registered office at 2nd Floor, Harbans Bhawan-II, Commercial Complex, Nangal Raya, New Delhi–110046 is deemed the venue

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Dividend Declaration: To declare a dividend of ₹55 per equity share of ₹10 each for FY ended March 31, 2026 as recommended by the Board

3. Director Appointment: To appoint Mr. Tomohiro Kondo (DIN: 10637013) who retires by rotation and offers himself for re-appointment

Special Business

4. Re-appointment of Mr. Tadayoshi Aoki: Special Resolution for re-appointment as Senior Executive Director - Whole Time Director (Key Managerial Personnel) for 3 years effective February 03, 2027. Remuneration includes:

  • Salary: ₹2,88,000 per annum
  • HRA: ₹1,44,000 per annum
  • Special/Other Allowance: ₹28,80,000 per annum
  • Family Allowances: ₹1,44,000 per annum
  • Additional perquisites including proceeding/outfitting allowance, medical aid, and company car with driver

5. Designation Change for Mr. Deepak Jain: Special Resolution to change designation from Chairman and Managing Director to Chairman (Whole Time Director - Key Managerial Personnel) effective May 28, 2026, without change in remuneration terms approved in AGM dated August 25, 2025

6. Designation Change for Mr. Anmol Jain: Special Resolution to change designation from Joint Managing Director to Managing Director (Key Managerial Personnel) effective May 28, 2026, without change in remuneration terms approved in AGM dated August 25, 2025

7. Ratification of Cost Auditors Remuneration: Ordinary Resolution to ratify remuneration of ₹1,75,000 plus taxes and out-of-pocket expenses to M/s Jitender Navneet & Co. for FY 2026-27 cost audit

8. Material Related Party Transactions: Ordinary Resolution to approve transactions with Lumax Auto Technologies Limited (related party) for estimated aggregate amount not exceeding ₹805.21 Crores during FY 2026-27 covering:

  • Purchase of Raw materials, Components and Moulds
  • Sale of Finished Goods, Semi Finished Goods & Moulds
  • Sale of Raw Materials and components
  • Sale/Purchase of Services
  • Sale/Purchase of Fixed Assets
  • Purchase of packing Material & others
  • Rent Paid/Received
  • Royalty Received

Voting Process and Methods

  • Remote e-Voting Period: Sunday, August 23, 2026 (09:00 A.M.) to Tuesday, August 25, 2026 (05:00 P.M.)
  • Cut-off Date: Thursday, August 20, 2026 for determining voting rights
  • Voting Service Provider: National Securities Depository Limited (NSDL)
  • Voting Platform: https://www.evoting.nsdl.com
  • Meeting Participation: Members can join via VC/OAVM through NSDL e-Voting system 15 minutes before scheduled time
  • Scrutinizer: Mr. Maneesh Gupta, Practicing Company Secretary (FCS No. 4982) appointed to scrutinize the voting process

Dividend Information

  • Dividend Rate: ₹55 per equity share (550%)
  • Record Date: Thursday, August 06, 2026
  • Taxation: Dividend taxable in hands of shareholders with TDS applicable at prescribed rates
  • Payment Method: Electronic mode through ECS for demat holders and those physical holders with updated bank mandates
  • Document Submission Deadline: Monday, August 03, 2026 for TDS exemption documents

Compliance and Regulatory References

  • Companies Act, 2013: Sections 108, 124, 125, 148, 188, 196, 197, 198, 203
  • SEBI LODR Regulations: Regulations 23, 30, 36, 40, 44
  • SEBI Circulars: Multiple references including SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 09, 2020
  • MCA Circulars: General Circular no. 20/2020 dated May 05, 2020 and Circular no. 03/2025 dated September 22, 2025
  • Secretarial Standards: SS-2 on General Meetings issued by ICSI

Additional Information

  • Company CIN: L74899DL1981PLC012804
  • RTA: KFin Technologies Limited
  • Listing: BSE (Scrip Code: 517206) and NSE (Symbol: LUMAXIND)
  • Unclaimed Dividend: FY 2017-18 dividend transferred to IEPF on September 18, 2025; FY 2018-19 dividend to be transferred by October 21, 2026
  • Green Initiative: Encouragement for electronic communication and dematerialization of shares