Lumax Auto Technologies Ltd - 532796 - Intimation For Increase In Shareholding Of The Company In Subsidiary Company From Existing 51% To 84% Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
In terms of the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has today, i.e., October 1, 2021, increased its shareholding in Lumax FAE Technologies Private Limited, a Subsidiary Company from existing 51% to 84% of its paid up share capital. The subsidiary has issued additional 80,80,000 Equity Shares of Rs. 10/- each at par upon conversion of the loan extended by the Company to the Subsidiary. The details as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are given in Annexure-A enclosed herewith.01-10-2021