Lumax Auto Technologies Sells Entire Stake in LJAT to German Partner Jopp Holding GmbH
Lumax Auto Technologies Limited announced on May 8, 2026, the approval for the sale of its entire equity stake in Lumax Jopp Allied Technologies Private Limited (LJAT). The sale, valued at Rs. 1,52,500, transfers the company's 50% shareholding to Jopp Holding GmbH, a joint venture partner based in Germany.The company's Board of Directors, at a meeting held on May 8, 2026, approved the sale of its entire equity stake, which includes the shares held by its nominee shareholders. The transaction is subject to the completion of customary conditions detailed in the Share Purchase Agreement among Lumax Auto Technologies, Jopp Holding GmbH, and Lumax Jopp Allied Technologies Private Limited.
Following the completion of the transaction, Lumax Jopp Allied Technologies Private Limited will cease to operate as a joint venture of Lumax Auto Technologies. The company stated that this portfolio realignment supports its continued focus on the Northstar vision and its Mid-term plan for the financial years 2026 to 2031, allowing for sharper focus on businesses aligned with its future growth and financial priorities.
Key Transaction Details
The sale involves 70,55,000 equity shares of LJAT, each with a face value of Rs. 10/-. The proceeds from the disposal of this stake, to Jopp Holding GmbH, amount to Rs. 1,52,500.The expected date of completion for the disposal is by June 30, 2026, pending the fulfillment of the customary conditions outlined in the Share Purchase Agreement.
| Particulars | Detail |
|---|---|
| Buyer | Jopp Holding GmbH, Germany (Joint Venture Partner) |
| Shares Sold | 70,55,000 Equity shares |
| Face Value per Share | Rs. 10/- |
| Total Consideration | Rs. 1,52,500 |
| Expected Completion Date | By June 30, 2026 |
LJAT Financial Contribution
As per the unaudited financial statements for the financial year ended March 31, 2026, the operational figures of Lumax Jopp Allied Technologies Private Limited are detailed below.| Financial Metric | Value (FY Ended Mar 31, 2026) | Contribution to Lumax Auto Technologies |
|---|---|---|
| Revenue from Operations | Rs. 1,696.98 lakhs | Rs. 1,696.98 lakhs (0.35%) |
| Net Worth | Rs. 3.05 lakhs | Rs. 1.53 lakhs (approx) (0.00%) |
The company confirmed that the buyer, Jopp Holding GmbH, is not affiliated with the Promoter/Promoter Group/Group Companies of Lumax Auto Technologies.
LUMAXTECH Stock Price Movement
Shares of Lumax Auto Technologies Limited are edging higher to ₹1736.6 as of 1:27 PM today, rallying by 1.72% in live trading. The stock has seen robust activity, posting a volume of 152,053 shares during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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