Lumax Auto Technologies has incorporated a wholly-owned subsidiary, Lumax Auto Solutions, on 26 July, 2025.
The newly formed entity has an authorised, issued, and paid-up share capital of Rs 10 lakh, comprising 1,00,000 equity shares of Rs 10 each. Lumax Auto Technologies holds 100 percent ownership in the subsidiary, both directly and through nominees. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs' Central Registration Centre on the same date.
Lumax Auto Solutions will operate in the automotive components sector, which aligns with the strategic business vision of the parent company. According to the regulatory filing, the new subsidiary will help Lumax Auto Technologies tap into emerging opportunities within the automotive industry. The transaction was conducted at arm’s length and does not qualify as a related party transaction under applicable SEBI regulations.
This incorporation marks a strategic move aimed at expanding Lumax’s operational footprint and reinforcing its presence in the automotive market.