Lumax Auto Technologies Ltd. — Capital/Financing Update 2023

Mar 6, 2023

LATL:CS:BM:2022-23

Date: 06.03.2023

The General Manager,Department of Corporate Services,BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai-400001	The Manager – Listing ComplianceThe National Stock Exchange of India Limited‘Exchange Plaza’ C-1, Block G,Bandra Kurla Complex,Bandra (East), Mumbai-400051
Security Code: 532796	Symbol: LUMAXTECH

Sub: Regulation 30 : Outcome of Board Meeting

Dear Sir/Madam

The Board of Directors in their meeting held today i.e. March 6, 2023, inter-alia considered and approved the following:

• (i) Investment of up to Rs. 225 Crore (Rupees Two Hundred Twenty Five Crores Only) in the securities of Lumax Integrated Ventures Private Limited, wholly owned subsidiary of the Company.

• (ii) Extension of Corporate Guarantee in favour of Kotak Mahindra Investments Limited for securing the credit facilities or debt of up to Rs. 250 Crore (Rupees Two Hundred Fifty Crores only) to be availed by Lumax Integrated Ventures Private Limited (“LIVE”), a wholly owned subsidiary of the Company.

The detailed disclosure for aforesaid point no. (ii) as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are set out in Annexure A attached herewith.

The above intimation shall also be made available on the website of the Company at www.lumaxworld.in/lumaxautotech.

The Meeting commenced at 11:30 A.M. and concluded at 12:40 P.M.

This is for your information and records.

Yours faithfully,

For Lumax Auto Technologies Limited

Digitally signed by RAAJESH RAAJESH KUMAR GUPTA KUMAR GUPTA Date: 2023.03.06 18:44:42 +05'30'

Raajesh Kumar Gupta Vice President and Group Head (Secretarial, Legal & Internal Audit) Membership No. A8709

Encl.: a/a

Annexure A

		Annexure A
Sr.	Particular	Disclosure
No.
1	Name of party for which such guarantees	Lumax Integrated Ventures Private Limited
	or indemnity or suretywas given;	(“LIVE”), wholly owned subsidiary of the
		Company
2	Whether the promoter/ promoter group/	Yes, LIVE is a wholly owned subsidiary of the
	group companies have any interest in this	Company. The corporate guarantee extended is
	transaction? If yes, nature of interest and	at arm’s length.
	details thereof and whether the same is
	done at “arms length”;
3	Brief details of such guaranteeor	Credit facilities or debt amount: up to Rs. 250
	indemnity or becoming a suretyviz. brief	Crore
	details of agreement entered (if any)includingsignificanttermsand	Tenor: up to 6 years
	conditions,includingamountof
	guarantee;
4	Impact of such guaranteesor indemnity	The corporate guarantee is to be issued in
	or suretyon listed entity.	favour of the Kotak Mahindra Investments
		Limited for the facilities to be availed by LIVE.