Lumax Auto Technologies Limited has announced that the National Company Law Tribunal has officially reserved its order regarding the Scheme of Amalgamation between the company and IAC International Automotive India Private Limited. The hearing, which took place on April 15, 2026, marked a significant step in the legal process. The company is currently awaiting the pronouncement of the final order, which will determine the timeline for the next phase of the merger.
Advancing the Amalgamation Process
Lumax Auto Technologies Limited reached a key milestone in its proposed merger with IAC International Automotive India Private Limited. Following the Second Motion petition hearing held on April 15, 2026, the tribunal has officially reserved its order on the matter. This procedural step follows the submission of all necessary reports and responses from the relevant authorities, who have confirmed they have no specific objections to the proposed scheme.
Next Steps for the Merger
While the tribunal has concluded the hearing, the formal pronouncement date for the final order is yet to be scheduled. Once delivered, the final order will pave the way for the integration of both entities. The company remains committed to completing the amalgamation process in accordance with the Companies Act, 2013, and will provide further updates to its stakeholders as soon as the final ruling is issued.
Source: BSE
