Company Profile

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, Lumax Auto Technologies has informed that shareholders of the Company have duly approved, the Adoption of new set of Memorandum of Association (MOA) and Articles of Association (AOA) as per Companies Act, 2013 through Postal Ballot on March 24, 2023. Further, the brief details of alteration in new MOA and AOA as required under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are annexed marked as Annexure - I.

The above information is a part of company’s filings submitted to BSE

Finolex Industries has commenced commercial operations of PVC fittings at a new state of art manufacturing facility at Pune (Maharashtra) with effect from March 12, 2023. The annual capacity of the said facility is 12,000 MT and the capex towards the same is approximately Rs 100 crore, which has been funded entirely through internal accruals.

Godrej Properties has entered into a Sale Deed to acquire land parcel of approximately 28 acres in Bengaluru to develop a mixed-use project comprising apartments and supporting retail development. This project is located near Whitefield and in close proximity to major office spaces in Whitefield and Outer Ring Road.

Dynacons Systems & Solutions has won one of the prestigious order worth Rs 26.99 crore for Supply, Installation and setup for 2400 Apple iPad from High Court of Judicature at Bombay. The Scope includes the Supply, installation & integration of Apple iPads at 2400 Judicial officers all over Maharashtra.

Welspun Corp’s wholly owned subsidiary has received multiple export orders of 43 KMT for Pig Iron across South East Asia and Europe. These orders will be executed within next two months. This reflects the company’s continuous journey towards bringing quality products for customers across the world.

Bharat Electronics (BEL) has signed an MoU with the National Institute of Technology Karnataka (NITK Surathkal) for co-operation in R&D for the development of emerging technologies and technical solutions for both Defence and non-Defence applications. The MoU aims at leveraging the complementary strengths and capabilities of BEL and NITK Surathkal, while facilitating indigenisation of products and solutions in keeping with the Government’s Make in India and Atmanirbhar Bharat initiative.

Lumax Auto Technologies has completed the acquisition of majority shareholding (representing 75% of share capital on fully diluted basis) in IAC International Automotive India (IAC India) through its wholly owned subsidiary namely Lumax Integrated Ventures. Accordingly, IAC India has become the step-down subsidiary of the company and subsidiary of Lumax Integrated Ventures with immediate effect.

Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Olanzapine Orally Disintegrating Tablets USP, 5 mg, 10 mg, 15 mg, and 20 mg (USRLD: Zyprexa Zydis Orally Disintegrating Tablets). Olanzapine Orally Disintegrating Tablets USP, 5 mg, 10 mg, 15 mg, and 20 mg are used to treat certain mental/mood conditions (such as schizophrenia and bipolar disorder). Olanzapine tablets may also be used in combination with other medication to treat depression.

Lumax Auto Technologies has completed the acquisition of majority shareholding (representing 75% of share capital on fully diluted basis) in IAC International Automotive India (IAC India) through its wholly owned subsidiary namely Lumax Integrated Ventures. Accordingly, IAC India has become the step-down subsidiary of the company and subsidiary of Lumax Integrated Ventures with immediate effect.

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.