Lumax Auto Technologies has received approval to invest up to Rs 0.93 crore to acquire up to 26% stake in the Equity Share Capital of Power Pulse Trading Solutions (PTSL), a Power Trading Arm of Adani Energy Solutions for being qualified as Captive User in terms of the provisions of Electricity Act, 2003 and Electricity Rules, 2005, for the renewable energy to be generated by the power plant of PTSL for Pant Nagar Plant of the company.
The company has also received approval for investment of an amount up to Rs 5 crore in the form of Optionally Convertible Redeemable Debentures (OCRDs) in Lumax Resources, a wholly owned subsidiary of the company, as recommended by the Audit Committee.
The Board of Directors of the company, at their meeting held on November 08, 2025, has approved the same.
Lumax Auto Technologies manufactures a wide range of automotive components. The company's products include drive transmission and steering components, body and chassis, and electrical components.
