LUMAX AUTO TECHNOLOGIES LTD. - 532796 - Grant Of Consent To The Scheme Of Amalgamation Between Subsidiary Companies.
Granted consent as Shareholder to the scheme of Amalgamation between IAC International Automotive India Private Limited (''IAC/Transferor Company") and Lumax Integrated Ventures Private Limited ("LIVE/Transferee Company"), and their respective shareholders and creditors ("Scheme") in accordance with the provisions of Section 230 to 232 and other applicable provisions of the Companies Act, 2013 for the amalgamation of the Transferor Company with the Transferee Company subject to the approval of Hon''ble National Company Law Tribunal, Mumbai Bench ("NCLT") or other authorities, as the case may be. It may be noted that LIVE is a wholly owned subsidiary of the Company and IAC is a step down subsidiary of the Company & material subsidiary of the Company as per the provisions of Regulation 16 of the Listing Regulations.10-08-2023