Lumax Auto Technologies Limited announced that the Hon’ble NCLT, New Delhi Bench, has approved the Scheme of Arrangement for the amalgamation of Lumax Ancillary Limited (Transferor Company) into itself (Transferee Company). The scheme, which has an Appointed Date of April 01, 2024, is now awaiting the filing of the certified order with the Registrar of Companies to become effective. Upon effectiveness, the Transferor Company will be dissolved.
Regulatory Approval for Corporate Restructuring
Lumax Auto Technologies Limited has officially confirmed the successful judicial sanction for its proposed Scheme of Arrangement involving Lumax Ancillary Limited. The Hon’ble National Company Law Tribunal (NCLT), New Delhi Bench, approved the amalgamation scheme on March 11, 2026.
Scheme Details and Effective Date
This Scheme of Arrangement mandates the amalgamation of Lumax Ancillary Limited, identified as the ‘Transferor Company’, into Lumax Auto Technologies Limited, the ‘Transferee Company’. The crucial Appointed Date for this corporate restructuring is set as April 01, 2024.
The formal commencement of the Scheme, making it legally effective, is contingent upon the certified copy of the NCLT Order being filed with the Registrar of Companies by both entities. Following the effective date, the Transferor Company, Lumax Ancillary Limited, will stand dissolved without the need for formal winding up proceedings.
Next Steps and Disclosure
The company noted that the official order from the Hon’ble NCLT has not yet been published on the Tribunal’s website but assured stakeholders that an update will be provided to the stock exchanges as soon as the certified copy becomes available for filing.
This information was disclosed by Mr. Pankaj Mahendru, Company Secretary & Compliance Officer, pursuant to regulatory requirements.
Source: BSE
