Date: 13.08.2020

1.ATL:CS:BM:2020-21

BSE Limited listing Compliance Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

National Stock Exchange of India Limited Listing Compliance Department Exchange Plaza, C-1 Block G, Sandra Kurla Complex, Sandra (E), Mumbai - 400051

Company Code : 532796

Company Code : LUMAXTECH

Subject: Outcome of the Board Meeting held on Thursday, August 13, 2020

Dear Sir/Ma'am,

Pursuant to the provisions of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "the listing Regulations"), we would like to inform you that the Board of Directors, at their meeting held through Video Conferencing today i.e. Thursday, August 13, 2020, has inter-afia, considered and approved the Standalone and Consolidated Un-Audited Financial Results for the Quarter ended June 30, 2020 as recommended by the Audit Committee.

The Standalone and Consolidated Un-Audited Financial Results and the limited Review Reports of Statutory Auditors i.e. S.R. Batliboi & Co. LLP are enclosed herewith as per Regulation 33 of the Listing Regulations.

The Extracts of Consolidated results would be published in the Newspapers in terms of Regulation 47(1) of the Listing Regulations, as amended from t ime to time and same shall be placed on the website of the Company at www.lumaxworld.in/lumaxautotech.

The Meeting of the Board of Directors commenced at 12:45 P.M . and concluded at 3 : ~o P.M .

You are requested to kindly take the above information in your records.

Thanking you,

Yours faithfully, M TO TECHNOLOGIES LIMITED

Encl.: as above

ffl ~0\ 0 it

i Lumax Auto Technoloales l imited ....

~ Regd. Office: g 2nd Floo.-, Harbans Bhawan-11, ;;; -' Commercial Complex, Nangal Raya, z

O New Delhi - 110046, India

T +9111 4985 7832 E shares@luma,cmall.com

www.lumaxwortd.in GROUP

Lumax Auto Technologies Limited

Regd. Office: 2nd Floor, Harban• Bhawan.fl, Commercial Complex, Nangal Raya, New Delhi- 1100'4& Website: www.lumaxworld.in/lumaxeutotech, Tel: +8111 481157832 Email: aharH9lumax1nailcom, CIN: L31110801..1181PLC34879S

(Rs. In Lakhs unless otherwise stated)

30.06.2019Sr. No.Particular•31.03.202030.06.202031.03.2020(Unaudited)(Audited)(Unaudited)(Audited)#IRestatedlContinuing operation•1Income from operationsRevenue from contracts with customers6,078.5921 ,679.8723,575.89Other income512.77940.41490.-46Total Income6,591,3622,620.2824,066.352Expensesa) Cost of raw materials, components and moulds coneumed3,401 .2711 ,257.8012,825.09b) Purchases of traded goods544.094,290.843,269.84c) Oecreaae/Oncrease) In Inventories of nnillhed gooda, work-ln-progreaa139.27and traded good•266.99(402.99)d) Employee beneftts expenae1,562.042,333.542,378.79e) Finance Cost175.50171.12259.22f) Depreciation and amortiulion expanae588.43649.40678.70g) Other expenses2,974.17996.753,470.07Total expenses7,618.7921,774.1622,436.983(Losa)/ Profit before tax from continuing operation (1·2)(1,027.43)1,628.371146124Tax ExpensesCurrent tax11.65207.13659.151,549.71Adjustment of tax relating to earlier years10.12Deferred tax(270.22)12.67(116.22)(511 .87)Net (LOH)/Profit for the period / year from continuing operations5(788.86)628.321,078.326Discontinued operationsProf~ before tax for the period / year from Oi&continued operations948.58Tax expense of Dl&contlnued Operations331.47Profit for the period I yHr from Discontinued operations617.11(Lon)/ Profit for the period / yHr (5+6)1,683.437(768.118)626.328Other Comprehenaive IncomeOther Comprehensive Income not to be reclassified to statement of profrt and 1011• Insubsequent period •(33.15)(7.30)Re-meuurement loas on defined benefits plans(13.58)1.657.781.88Income tax effect(2,811.74)(Losa) / Gain on FVTOCI equity securities1,139.25(2,287.25)(42.79)2;?.24Income tax effectTotal comprehensive income/(lon) for the period / year (net of tax)9(1,729.09(1,101.49)358.46Earn Inga per ahare (Rs. pet share of face value of Rs. 2 each)10Eamings/(Loss) per share for Continuing operation (In Ra.) :Balle & Diluted(1 .13)0.921.58Earnings per share for O!scontinued operation (In Rs.) :Buie & DIiuted0.90Earnlngs/(l.oas) per share for CoMinuing and Dlacontinued operation: (In Rs.) :(1 .13)0.922.48Basic & Diluted			Quarter ended			Year ended



						94,236.07
						2,717.95
						96,954.02

						50,228.88
						15,484.12

						(542.28)
						9,592.30
						713.98
						2,894.69
						12,657.28
						90,828.97
						8,125.05


						(40.17)

						5,127.38

						948.58
						123.29
						825.29
						6,952.67


						(54.31)
						13.67
						(5,113.50)
						48.84
						847.37


						7.52

						1.21
						8.73

Notes:

These financial re&uta have been prepared In accordance with Indian Accounting Standard& (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment thereafter.
The above standalone financial results have been duly reviewed by the Audtt Committee and approved by the Boar,j of Oirectort in the meeting held on Augut\ 13, 2020, The statutory auditort of the Company have conducted Audit of these standalone financial results pursuant to Regul!ltion 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulatlon1, 2015. The auditors have expressed an unqualifted opinlon along with emphaais of matter paragraph on the above results.

3, The Company's business activity fala within a single businesa segment i.e. manufacturing and trading of Automotive Components and therefore, segment reporting in tenna o Ind-AS 108 on Segmental Reporting ia not applicable,

World Health Organisation (WHO) declared outbreak of Coronavirus Disease (COVID-19) a global pandemic on March 11 , 2020. ConM1quent to this, Government of India declared lockdown on March 23, 2020 and the Company temporarily suspended the operations In al the units of the Company in compliance with the lockdown instruction& lsaued by the Central and State Governments. COVID-19 has Impacted the normal business operations of the Company by way of Interruption in production, supply chain disruption, unavallabllty of pertonnel, closure/ lockdown of production facilitin, etc. during the loc:kdown period which haa bHn extended Iii May 17, 2020, However, production and supply of goods has commenced during the month of April, May and June, 2020 on various dates at al the manufacturing locationti of the Company. Accordingly, sales and profit for the quarter ended June 30, 2020 has been Impacted and therefore, the result& of this quarter are not comparable to previous corresponding period reaiAla.

The Company haa made detailed aa1e111T1ent of il1I liquidity position for the next year and the recoverabllty and carrying value of its a88eta comprising property, plant and equipment, Intangible asset•. right of u•e a.eta, Investments, inventory and trade receivables. Based on current indicators of future economic conditions, the Company expect• to recover the carrying amount of these a&&eta. The duation is changing rapidly giving rise to Inherent uncertainty around the extent and timing of the potential future Impact o the CQVID-19 which may be different from that estimated as at the date of approval of these standalone ftnanclal reaults, The Company .,.;1 continue to closely monitor any material changes arising of future economic conditions and Impact on ita business.

During the year ended March 31, 2020, the Company had received approval from the National Company Law Tribunal (NCLT) on October 31 , 2019 (filed with Registrar of Companies on November 09, 2019) in respect of a Scheme of Amalgamation In accordance with Section 230 to 232 of the Companies Act, 2013 among the Company and its wholly owned subsidiary namely; Lumax DK Auto lnduatrlea LlmlU!d ("LOK"). Accordingly, the Company had given effect of the Scheme in the ftnanclal realA!a for the year ended March 31 , 2020 applying principlea or Appendix C to (Ind-AS) 103 - 'BU5ineaa Combinations of entities under Common Control' w.e.r. Aprtl 01, 2018 and numbert reported in respect of previous period i.e. quarter ended June 30, 2019 la reslllted in accordance with the Scheme.
In respect of one of the property which was to be sold above the coat for which the CO!YlPlf'IY haa entered into an agreement dumg the previous year, the management based on dlscuaalons is of the view that considering the present altuatlon the transaction ahal be revle1Ned both from timing and value perspective and thus have been carried at coat in the books of accounts.
Wtth respect to the fact that the negotiation for acquiring the balance stake from the JV partner, Gil-Austem In respect of Lumax Gill-Auatem Auto Technologies Private Llmtted 111 In advance atage, the management Is hopeful for favorable outcome and thua the company does not foresee any material lmpalnnent In this regard due to going concern of the JV Company i.e. Lumax Gil-Austem Auto Technologies Private Limited,

8 #. The figures of the last quarter are the balancing figures between the audited flgurea in respect of the ful financial year up to March 31, 2020 and the unaudited published year-to-date figures up to December 31 , 2019, being the date of the end date of third quarter of the financial year which were aubjected to a Mmited review.

The above financial resuks are available on the Company's webaite WWW lymaxwortd lnllymaxaytotech and also on the websites of NSE (www.naelndia.com) and BSE (Www.baeindia,com).

Place : New Delhi Date : Auguat 13, 2020

For and on behalf of the Board of Directors (.L;L} 0. K. Jain Chairman DIN : 00085848

S.R. BATLIBOI & CO. LLP Chartered Accountants

4th floor, Office 405 World Mark + 2, Asset No. 8 IGI Airport Hospitality District, Aerocity New Delhi - 110.037 India Tel: +91 11 4681 9500

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Lumax Auto Technologies Limited

$\mathbf{I}$ . We have reviewed the accompanying statement of unaudited standalone financial results of Lumax Auto Technologies Limited (the "Company") for the quarter ended June 30, 2020 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
$\overline{a}$ . This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review $\overline{3}$ . Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to $\ddot{4}$ . believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Emphasis of Matter

We draw attention to Note 4 to the financial results, which describes the uncertainties arising due to Covid-19 pandemic on the Company's operations and estimates as assessed by the management. Our conclusion is not modified in respect of this matter.

For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005

Darmer's per Vikas Mehra Partner Membership No.: 094421

$\ddot{\phantom{a}}$

UDIN: 20094421AAAADY1413

Place: New Delhi Date: August 13, 2020

Lumax Auto Technologies Limited

Regd. Office: 2nd Floor, Harbans Bhawan-il, Commercial Complex, Nangal Raya, New Delhi-110046Website: www.lumaxworld.in/lumaxautotech, Tel: +91 11 49857832Email: [email protected], CIN: L31909DL1981PLC3497933

		(Rs. in Lakhs unless otherwise stated)






















































		6,87


1,130.79	(2,348.46)	(5,086,53)

13	Total comprehensive income/(Loss) attributable to: (11+12)a) Owners of Lumax Auto Technologies Limited(b) Non-controlling interests	(101.29)(251.32)	(1,743.79)18.92	(1,049.97)31.01	710.49128.71
14	Earnings per share (Rs. per share of face value of Rs. 2 each)Earnings/(Loss) per share for continuing operation: (In Rs.):Basic & Diluted (in Rs.)Earnings per share for Discontinued operation: (In Rs.):	(1.81)	0.89	1.65	7.30
	Basic & Diluted (in Rs.)	$\bullet$		0.91	1.21
	Earnings/(Loss) per share for Continuing and Discontinued operation: (In Rs.)Basic & Diluted (in Rs.)	(1.81)	0.89	2.56	8.52
	Key Standalone Financial InformationRevenue from contracts with customers(Loss)/Profit Before Tax from Continuing operationsProfit Before Tax from Discontinued operationsTotal Comprehensive Income / (Loss) for the period/year	6,078.59(1,027.43)358,46	21,679.87846.12(1,729.09)	23,575.891,629.37948.58(1,101.49)	94,236.076,125.05948.58847.37

Notes:

.1. These financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 ofthe Companies (Indian Accounting Standa

The above Consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 13, 2020. Audit unde regulation 33 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 has been carried out by the Statutory Auditor of the group. The auditors have express unqualified opinion along with emphasis of ma and an
The Group business activity falls within a single business segment i.e. manufacturing and trading of Automotive Components and therefore, segment reporting in terms of Ind-AS 108 on Seamental Reporting is not applicable.
World Health Organisation (WHO) declared outbreak of Coronavirus Disease (COVID-19) a global pandemic on March 11, 2020. Consequent to this, Government of India declaredJockdown on March 23, 2020 and the Group temporar State Governments, COVID-19 has impacted the normal business operations of the Group by way of interruption in production, supply chain disruption, unavailability of personnel, GOVID-19 has impacted the normal business ope month of April, May and June, 2020 on various dates at all the manufacturing locations of the Group. Accordingly, sales and profit for the quarter ended June 30, 2020 has been impactedand therefore, the results of this qu

The Group has made detailed assessment of its liquidity position for the next year and the recoverability and carrying value of its assets comprising property, plant and equipn intangible assets, right of use assets, investments, inventory and trade receivables. Based on current indicators of future economic conditions, the Group expects to recover the carrying amount of these assets, right of us conditions and impact on its business

During the year ended March 31, 2020, the Holding Company had received approval from the National Company Law Tribunal (NCLT) on October 31, 2019 (filed with Registrar of Companies on November 09, 2019) in respect of a Scheme of Amalgamation in accordance with Section 230 to 232 of the Companies Act, 2013 among the Holding Company and itsWholly owned subsidiary namely; Lumax DK Auto Indust
In respect one of the property which was to be sold above the cost for which the Holding Company has entered into an agreement during the previous year, the management based on discussions is of the view that considering the present situation the transaction shall be reviewed both from timing and value perspective and thus have been carried at cost in the books of accounts.
With respect to the fact that the negotiation for acquiring the balance stake from the JV partner, Gill-Austem in respect of Lumax Gill-Austem Auto Technologies Private Limited is inadvance stage, the management is hop Company i.e. Lumax Gill-Austem Auto Technologies Private Limited.

8 #. The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year up to March 31, 2020 and the unaudited published year-to-dat figures up to December 31, 2019, being the date of the end date of third quarter of the financial year which were subjected to a limited review

The above financial results are available on the Company's website www.lumaxworld.in/lumaxautotech and also on the websites of NSE (www.nseindia.com) and BSE (www.bseindia.com).

Place : New Delhi Date: August 13, 2020

JMax Auto chnolo $\frac{1}{N}$ $\frac{1}{\sqrt{2}}$

For and on behalf of the Board of Directors $il.$

D. K. Jain Chairman DIN: 00085848

$S.R.BATIBO(8COIP)$ Chartered Accountants

4th Floor, Office 405 World Mark 2, Asset No. 8IGI Airport Hospitality District, Aerocity New Delhi · 110 037, India Tel: +91 11 4681 9500

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Lumax Auto Technologies Limited

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Lumax Auto Technologies Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its joint ventures for the quarter ended June 30, 2020 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act. 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

Lumax Auto Technologies Limited $\lfloor . \rfloor$ Subsidiary Companies $\overline{2}$ . Lumax Mannoh Allied Technologies Limited $\mathfrak{Z}.$ Lumax Integrated Ventures Private Limited Lumax Cornaglia Auto Technologies Private Limited $\ddot{4}$ . 5 Lumax Management Services Private Limited $6.$ Lumax Gill-Austem Auto Technologies Private Limited 7. Lumax FAE Technologies Private Limited 8. Lumax JOPP Allied Technologies Private Limited $Q_{1}$ Lumax Yokowo Technologies Private Limited Joint Venture entity $10,$ | Lumax Ituran Telematics Private Limited
1. The Statement includes the results of the following entities:

S.R. BATLIBOL& CO. LLP tered Accountants

Joint Venture entity of Lumax Integrated Ventures Private limited Sipal Engineering Private Limited $11.$

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
1. Emphasis of Matter paragraph We draw attention to Note 4 to the financial results, which describes the uncertainties arising due to Covid-19 pandemic on the Group and joint venture operations and estimates as assessed by the management. Our conclusion is not modified in respect of this matter.
1. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of:
- Six subsidiaries, whose unaudited interim financial results include total revenues of Rs. 804.01 lakhs, total net loss after tax of Rs 578.28 lakhs, total comprehensive loss of Rs, 574.81 lakhs, for the quarter ended June 30, 2020, as considered in the Statement which have been reviewed by their respective independent auditors.
- One joint venture and one joint venture of one of the subsidiary, whose unaudited interim $\bullet$ financial results include Group's share of net profit of Rs. 3.91 lakhs and Group's share of total comprehensive income of Rs.3.91 lakhs for the quarter ended June 30, 2020, as considered in the Statement whose interim financial results, other financial information have been reviewed by their respective independent auditors.

The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries, joint ventures is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005

per Vikas Mehra Partner Membership No.: 094421

UDIN: 20094421AAAADZ4937 Place: New Delhi Date: August 13, 2020

AI assistant

Lumax Auto Technologies Ltd. Interim / Quarterly Report 2021

62451_rns_2020-08-13_25c3ad3d-f13f-4332-af9e-89e4795f37ab.pdf

Subject: Outcome of the Board Meeting held on Thursday, August 13, 2020

i Lumax Auto Technoloales l imited ....

Lumax Auto Technologies Limited

Review Report to The Board of Directors Lumax Auto Technologies Limited

5. Emphasis of Matter

Lumax Auto Technologies Limited

Review Report to The Board of Directors Lumax Auto Technologies Limited

S.R. BATLIBOL& CO. LLP tered Accountants

AI assistant

Lumax Auto Technologies Ltd. — Interim / Quarterly Report 2021

62451_rns_2020-08-13_25c3ad3d-f13f-4332-af9e-89e4795f37ab.pdf

Subject: Outcome of the Board Meeting held on Thursday, August 13, 2020

i Lumax Auto Technoloales l imited ....

Lumax Auto Technologies Limited

Review Report to The Board of Directors Lumax Auto Technologies Limited

5. Emphasis of Matter

Lumax Auto Technologies Limited

Review Report to The Board of Directors Lumax Auto Technologies Limited

S.R. BATLIBOL& CO. LLP tered Accountants

More from Lumax Auto Technologies Ltd.

Lumax Auto Technologies Ltd. Interim / Quarterly Report 2021