Company Update
Company Update
The Board of Directors in their meeting held on May 29, 2026 have approved the following: (1). To acquire remaining stake of 15.97% in Lumax FAE Technologies Private Limited (LFAE) from its existing shareholder i.e., Francisco Albero S.A.U (FAE) and execution of the Share Purchase Agreement and other documents. Post this acquisition LFAE will become a wholly owned subsidiary of the Company. (2). To invest upto Rs. 3 (Three) Crores in Lumax Yokowo Technologies Private Limited, in the form of subscription of additional Equity Share Capital.
The Board of Directors in their meeting held on May 29, 2026 have approved the following: (1). To acquire remaining stake of 15.97% in Lumax FAE Technologies Private Limited (LFAE) from its existing shareholder i.e., Francisco Albero S.A.U (FAE) and execution of the Share Purchase Agreement and other documents. Post this acquisition LFAE will become a wholly owned subsidiary of the Company. (2). To invest upto Rs. 3 (Three) Crores in Lumax Yokowo Technologies Private Limited, in the form of subscription of additional Equity Share Capital.
The Board of Directors in their meeting held on May 29, 2026 have approved the following: (1). To acquire remaining stake of 15.97% in Lumax FAE Technologies Private Limited (LFAE) from its existing shareholder i.e., Francisco Albero S.A.U (FAE) and execution of the Share Purchase Agreement and other documents. Post this acquisition LFAE will become a wholly owned subsidiary of the Company. (2). To invest upto Rs. 3 (Three) Crores in Lumax Yokowo Technologies Private Limited, in the form of subscription of additional Equity Share Capital.