Lumax Industries has informed that the Board of Directors of the Company at its meeting held on May 12, 2016, has Considered and approved the proposal for re-classification of Umesh Kumar Jain, Lumax Automotive Systems and Vardhman Agencies from Promoter Category to Public Category, as the above persons are no longer associated with the management and affairs of the Company and do not exercise any direct or indirect control in the management and affairs of the Company. The Board of Directors has declared Interim Dividend of 120% (Rs12 per share) on March 12, 2016 which is considered to be final.
The above information is a part of company’s filings submitted to BSE.
