Lumax Auto Technologies Limited has informed the stock exchanges regarding the Board of Directors’ approval for the sale of its entire 50% equity stake in the joint venture, Lumax Jopp Allied Technologies Private Limited (LJAT), to its partner Jopp Holding GmbH, Germany. This transaction, involving 70,55,000 equity shares, is expected to be completed by June 30, 2026, for a total consideration of Rs. 0.015 Crore (Rs. 1,52,500). Following the completion of this sale, LJAT will cease to be a joint venture of the company.

The decision to divest from Lumax Jopp Allied Technologies is a strategic move aligned with the company’s “Northstar” vision and its Mid-term plan covering FY 2026 to FY 2031. This portfolio realignment is designed to enable a sharper focus on core business areas that are more closely aligned with future growth and financial priorities. The buyer, Jopp Holding GmbH, is the existing joint venture partner and does not belong to the promoter or promoter group. The transaction was conducted at arm’s length and falls outside the scheme of arrangement.

Lumax Auto Technologies Limited, a member of the DK Jain Group, is a prominent manufacturer and supplier of diverse automotive components in India. The company’s extensive product portfolio includes advanced plastics, mechatronics, integrated plastic modules, and shifter systems. In early 2025, the company expanded its footprint by acquiring a majority stake in Greenfuel Energy Solutions to enter the alternate fuels segment and completed the acquisition of IAC India to strengthen its interior systems business. Recent updates include the National Company Law Tribunal (NCLT) reserving its order on the merger scheme between IAC International Automotive India and Lumax Auto Technologies in April 2026.

For the fourth quarter of FY 2024-25, the company reported record-breaking financial performance with revenue from operations reaching Rs. 1,133 Crore, representing a 50% year-on-year growth compared to Rs. 757 Crore in Q4 FY 2023-24. The annual revenue for FY 2025 grew by 29% to reach Rs. 3,637 Crore. Net profit for the fiscal year also saw a significant rise of 37%, amounting to Rs. 229 Crore. Famous institutional investors in the company include DSP Small Cap Fund, which held a 9.09% stake as of March 2026, and Nippon India Small Cap Fund with a 3.64% holding. FII and DII shareholding stood at 8.38% and 16.8% respectively during the same period.