Lumax Industries Ltd. — Board/Management Information 2020

Jun 18, 2020

==> picture [103 x 41] intentionally omitted <==

LIL:CS:BM:2020-21

Date : 18.06.2020

BSE Limited Listing & Compliance Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001	The National Stock Exchange of India Limited Listing & Compliance Department Exchange Plaza, C-1 Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051
Company Code : 517206	Company Code : LUMAXIND

Sub.: Outcome of the Board Meeting held on Thursday, June 18, 2020

Dear Sir/Ma’am,

Pursuant to the provisions of Regulation 30 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred to as “the Listing Regulations”), we are pleased to inform you that the Board of Directors, at their Meeting held today i.e. Thursday, the June 18, 2020, through video conferencing has inter-alia, considered and approved the following matters:

1. The audited Standalone and Consolidated Financial Results for the 4[th] Quarter and Financial Year ended 31[st] March 2020, as recommended by the Audit Committee. A copy of the Consolidated & Standalone Audited Financial Results along with Auditors Report of the Statutory Auditors i.e. M/s B.S.R. & Associates LLP are enclosed herewith as per Regulation 33 of the Listing Regulations.

As per Regulation 33(3)(d) of the Listing Regulations, the Statutory Auditors have given Unmodified Opinion on the Annual Audited Financial Results of the Company for the year ended 31[st] March 2020 and the declaration to that effect is also enclosed.

1. Recommendation of Final Dividend of Rs. 6/- per Equity Share (i.e. 60%) of the Face Value of Rs. 10/- each for the Financial Year 2019-20 subject to the approval of Shareholders in the ensuing Annual General Meeting of the Company. The dividend, if approved by the Shareholders, will be paid within 30 days of approval/declaration.

2. Approved and fixed the closure of the Register of Members and Share Transfer Books of the Company from Saturday, 22[nd] August, 2020 to Friday, 28[th] August, 2020 (both days inclusive) for the purpose of 39[th] Annual General Meeting & for payment of Dividend (if declared at the Annual General Meeting) for the Financial Year ended 31[st] March, 2020.

3. Based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of Shareholders at the ensuing Annual General Meeting (AGM), the Board has appointed Mr. Kenjiro Nakazono as an Additional Director designated as Executive Director to act as Whole Time Director (Key Managerial Personnel) on the Board of the Company. A brief profile/disclosure of Mr. Kenjiro Nakazono pursuant to Regulation 30 of the Listing Regulations is enclosed for your reference as Annexure – A.

==> picture [540 x 56] intentionally omitted <==

==> picture [540 x 56] intentionally omitted <==

==> picture [103 x 41] intentionally omitted <==

1. Accepted and took on Record the Resignation of Mr. Koji Sawada, Executive Director of the Company and appreciated his contribution.

2. Convening of 39[th] Annual General Meeting (AGM) of the Company on Friday, the 28[th] August, 2020 for the Financial Year ended 31[st] March 2020.

3. Approved the adoption/renewal of the following Policies:

4. a. Code of Conduct for Directors and Senior Management of the Company

5. b. Risk Management Policy & Constitution of Risk Management Committee c. Business Responsibility Policy

6. d. Policy on Prevention of Sexual Harassment of Women at Workplace

The Meeting commenced at 05:05 P.M. and concluded at 6:40 P.M.

The above information is also being made available on the website of the Company at www.lumaxworld.in/lumaxindustries.

You are requested to kindly take the same in your records.

Thanking You,

Yours faithfully,

For LUMAX INDUSTRIES LIMITED

==> picture [152 x 37] intentionally omitted <==

PANKAJ MAHENDRU COMPANY SECRETARY M.NO. A‐28161

==> picture [87 x 90] intentionally omitted <==

==> picture [540 x 56] intentionally omitted <==

==> picture [540 x 56] intentionally omitted <==

Annexure‐A

==> picture [103 x 41] intentionally omitted <==

	Annexure‐A
Details of Event	Information of such Event(s)
Reason for Change viz. appointment, resignation, removal, death or otherwise	Appointment.
Date of appointment	18thJune, 2020
Term of appointment	Mr. Kenjiro Nakazono has been appointed as a Whole Time Director, designated as Executive Director for term of three years, w.e.f. 18thJune, 2020.
Brief Profile	Mr. Kenjiro Nakazono is a graduate from Hamamatsu Commercial High School. He is having over 30 years of rich experience in Procurement, Planning, Audit and NPD.
Disclosure of relationships between Directors	Mr. Kenjiro Nakazono is not related to any Director of the Company except Mr. Tadayoshi Aoki and Mr. Toru Tanabe being Nominee Directors of Stanley Electric Co., Ltd.

==> picture [540 x 56] intentionally omitted <==

==> picture [540 x 56] intentionally omitted <==