Auto component manufacturer establishes new subsidiary with Rs 10 lakh share capital to address growth opportunities in automotive sector.
28 Jul 2025 | 8769 Views | By Angitha Suresh
Lumax Auto Technologies Limited has incorporated a wholly owned subsidiary company, Lumax Auto Solutions Private Limited, in New Delhi on July 26, 2025. The parent company informed the BSE and National Stock Exchange through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India listing regulations.
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Lumax Auto Technologies Limited has incorporated a wholly owned subsidiary company, Lumax Auto Solutions Private Limited, in New Delhi on July 26, 2025. The parent company informed the BSE and National Stock Exchange through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India listing regulations.
The newly incorporated subsidiary has an authorized, issued and paid-up share capital of Rs 10 lakh, divided into 1,00,000 equity shares of Rs 10 each. Lumax Auto Technologies holds 100 percent shareholding in the subsidiary through direct ownership and nominees.
The Ministry of Corporate Affairs' Central Registration Centre issued the Certificate of Incorporation for Lumax Auto Solutions Private Limited on the same date.
The subsidiary will operate in the automotive components sector, aligning with the parent company's existing business vision. According to the regulatory disclosure, the operations will enable Lumax Auto Technologies to address growth opportunities in the automotive sector.
The company stated that the transaction was conducted on an arm's length basis and does not fall under related party transactions as defined by regulations.
The incorporation required no governmental or regulatory approvals beyond the standard registration process. The investment was made through cash consideration for subscribing to the share capital of the new entity.
Lumax Auto Technologies Limited, listed on both BSE and NSE with the symbol LUMAXTECH, is engaged in manufacturing automotive components. The company is part of the DK Jain Group and has its registered office in New Delhi.
The establishment of this subsidiary represents the company's strategy to expand its presence in the automotive components market. The regulatory filing was signed by Pankaj Mahendru, Company Secretary and Compliance Officer of Lumax Auto Technologies Limited.