Lumax Auto Technologies Ltd. — Capital/Financing Update 2025

May 16, 2025

LATL:CS:BM:2025-26 Date: May 16, 2025

LATL:CS:BM:2025-26	Date: May 16, 202
BSE LimitedListing & Compliance DepartmentPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai - 400001	National Stock Exchange of India LimitedListing & Compliance DepartmentExchange Plaza, C-1 Block G,Bandra Kurla Complex,Bandra (E), Mumbai – 400051
Security Code : 532796	Symbol: LUMAXTECH

Sub: Outcome of the Board Meeting held on May 16, 2025

Dear Sir/Ma’am,

This is to intimate you that the Board of Directors of the Company, in its meeting held today (i.e. May 16, 2025), has considered and approved the proposed acquisition by the Company of remaining 25% shareholding in IAC International Automotive India Private Limited (“ IAC India ”) from its existing shareholder i.e. IACG Holdings LUX SARL (“ IAC Lux ”), subject to completion of customary conditions (“ Proposed Acquisition ”) in terms of a share purchase agreement amongst the Company, IAC India, IAC Lux and International Automotive Components Group North America Inc. (“ IAC NA ”); (“ Share Purchase Agreement ”). Presently IAC India is a material Subsidiary of the Company and post the proposed acquisition, IAC would become a wholly owned material subsidiary of the Company.

The detailed disclosure in relation to the aforesaid proposed acquisition as required under Regulation 30 and other relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are given in Annexure A.

The Meeting commenced at 04:00 P.M. and concluded at 04:50 P.M.

www.lumaxworld.in/lumaxautotech

This is for your Information and Records.

Thanking you, For Lumax Auto Technologies Limited

PANKAJ Digitally signed by PANKAJ MAHENDRU MAHENDRU Date: 2025.05.16 17:08:02 +05'30'

Pankaj Mahendru Company Secretary & Compliance Officer ICSI Membership No. A28161

Encl: As stated Above

Disclosure as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 along with the details as required under Regulation 30 and other relevant provisions of the Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, 2015.

	Particulars	Disclosure with respect to proposed acquisition of remaining stakein IAC International Automotive India Private Limited (“IAC”)	Disclosure with respect to proposed acquisition of remaining stakein IAC International Automotive India Private Limited (“IAC”)	Disclosure with respect to proposed acquisition of remaining stakein IAC International Automotive India Private Limited (“IAC”)
	a)name of the taret entit	IAC International Automotive India Private Limited (“IAC India”)which, as on date, is held 75% by the Company and 25% by IAC Lux.IAC India is a material subsidiary of the Company.IAC is a well-established Tier-1 interior systems and componentssupplier to key automotive OEMs in India including Mahindra, MarutiSuzuki, Volkswagen and Volvo Eicher Commercial Vehicles amongothers. It also has a strong and well-established engineering centerproviding advanced design and engineering services to customers inIndia and overseas which provides it a competitive advantage.The turnover/revenue of IAC India for the previous three financial yearsis as set out below:FY 2021-22: INR 468 CroresFY 2022-23: INR 801 CroresFY 2023-24: INR 886 Crores
	g y,details in brief such as
	size turnover etc;
	, .
	b) whether the acquisition	Mr. Deepak Jain and Mr. Anmol Jain are the Promoters and are also onthe Board of IAC India. Further, Mr. Sanjay Mehta non-executive
	would fall within related
	party transaction(s) and	Director and Mr. Arun Kumar Malhotra, Independent Dire	ctor of the
	whether the promoter/	Company, are also Directors on the Board of IAC India.
	promoter group/ group
	companieshaveanyinterest in the entity	The Proposed Acquisition will be undertaken at arm’s length.
	being acquired? If yes,
	nature of interest anddilhfd
	etastereoanhh h i
	weter te same sd t “’ lth”
	one a arms eng;
	c)industry to which the	Automotive components
	entitybeingacquired
	belongs;
	d) objects and impact of	Pursuant to the acquisition, IAC India will be a 100% material subsidiaryof the Company.IAC group will continue to provide technology support to IAC India.There will be no change in the day-to-day business, operations andmanagement of IAC India.
	acquisition(including
	butnotlimitedto,
	disclosure of reasons for
	acquisitionoftarget
	entity, if its business isoutside the main line ofbusiness of the listedentity);

e) briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition;	None
f) indicative time periodfor completion of theacquisition;	By May 31, 2025, subject to completion of customary conditionsprecedent as specified in the Share Purchase Agreement.
g) consideration - whethercash consideration orshare swap or any otherform and details of thesame;	Cash consideration.
h) costofacquisitionand/or the price at whichthe shares are acquired;	Equity value for 25% interest in IAC India of approximately INR 221crores.
i)percentageofshareholding / controlacquired and / or numberof shares acquired;	25% shareholding in IAC India on a fully diluted basis.
j)brief background aboutthe entity acquired interms of products/line ofbusiness acquired, dateof incorporation, historyof last 3 years turnover,country in which theacquiredentityhaspresence and any othersignificantinformation(in brief);	The Company through its wholly owned subsidiary namely LumaxIntegrated Ventures Private Limited (LIVE) acquired 75% Stake in thePaid-up Share Capital of IAC India. IAC India was incorporated onMarch 11, 2008 in the state of Maharashtra. The registered office of IACIndia is located at Gat No. 140, Village Mahalunge, Chakan TalegaonRoad, Tal. Khed, Chakan, Pune, Maharashtra, India - 410501.Consequent to aforementioned acquisition of 75% Stake, IAC Indiabecame a material subsidiary of the Company.Thereafter IAC India was merged with LIVE vide the order of Hon’bleNational Company Law Tribunal, Mumbai bench with effective date ofMarch 18, 2024. Consequent to the Merger the name of LIVE waschanged to IAC India.IAC is a well-established Tier-1 interior systems and componentssupplier to key automotive OEMs in India including Mahindra, MarutiSuzuki, Volkswagen and Volvo Eicher Commercial Vehicles amongothers. It also has a strong and well-established engineering centerproviding advanced design and engineering services to customers inIndia and overseas which provides it a competitive advantage.The turnover/revenue of IAC India for the previous three financial yearsis as set out below:FY 2021-22: INR 468 CroresFY 2022-23: INR 801 CroresFY 2023-24: INR 886 Crores