More Stories

Informist, Friday, May 8, 2026

 

--NCLT approves IAC International Automotive's merger with Lumax Auto Tech

 

NEW DELHI – The Delhi bench of the National Company Law Tribunal Friday approved IAC International Automotive Pvt. Ltd.'s merger with Lumax Auto Technologies Ltd. A bench of judicial member Mahendra Khandelwal and technical member Jagmohan Singh said that the merger stands allowed as per the tribunal's observations. IAC International is a wholly-owned subsidiary of Lumax Auto. According to the merger scheme, IAC International will stand dissolved without being wound up.

 

The scheme of amalgamation stated that all the shares of IAC International held by Lumax Auto would be cancelled or extinguished without any further act or deed. Accordingly, there will be no issue of equity shares of Lumax Auto to the members of IAC International, according to the merger scheme. The authorised share capital of IAC International will be transferred and combined with the authorised share capital of Lumax Auto, it added.

 

The amalgamation of IAC International with Lumax Auto would help in achieving greater integration and greater financial strength and flexibility, according to the scheme. The merger would aid in maximising overall shareholder value and achieving cost savings from more focused operational efforts, rationalisation, standardisation and simplification of business processes.

 

The consolidation of activities of both companies by way of amalgamation would lead to operational synergies, greater productivity, and economical operations for the future growth of Lumax Auto, according to the merger documents. It will provide for pooling of the managerial, technical and financial resources of IAC International and Lumax Auto, which will help in increasing the competitiveness of the latter, said the merger scheme.

 

IAC International is primarily engaged in the design, development, and manufacture of automotive interior systems for various automotive industry customers and renders design and engineering services to its customers. Lumax Auto is engaged in the business of manufacturing and supply of automotive components, including lighting solutions, moulded parts and frame chassis and is also engaged in trading of components for the automotive industry.

 

At 1319 IST, shares of Lumax Auto Technologies Ltd. were up 1.7% at INR 1,736.50 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Surya Tripathi

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.