Pursuant to the provisions of Regulation 30 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred to as the Listing Regulations), Lumax Auto Technologies has informed that the Board of Directors at their Meeting held today i.e., Friday, May 08, 2026, have considered and approved the sale of its entire equity stake (along with its nominee shareholders) aggregating to 50% of the equity share capital of Lumax Jopp Allied Technologies, to Jopp Holding GmbH, Germany, the Joint Venture Partner, subject to completion of customary conditions in terms of the Share Purchase Agreement amongst the Company, Jopp Holding GmbH and Lumax Jopp Allied Technologies. Consequent to the completion of the said transaction, Lumax Jopp Allied Technologies will cease to be a Joint Venture of the Company. This portfolio realignment reflects our continued focus on the Northstar vision and Mid-term plan (FY 26 - FY 31), enabling sharper focus on businesses that are more closely aligned with our future growth and financial priorities. The disclosure as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 as well as under Regulation 30 and other relevant provisions of the Listing Regulations, with regard to the aforesaid sale of equity stake is enclosed herewith as Annexure - A. The Meeting of the Board of Directors commenced at 11:30 AM and concluded at 12:55 PM. The aforesaid information shall also be made available on the website of the Company at www.lumaxworld.in/lumaxautotech.
The above information is a part of company’s filings submitted to BSE.
