NCLT Reserves Order in Scheme of Amalgamation between IAC International Automotive and Lumax Auto Technologies
Lumax Auto Technologies Limited announced an update regarding the proposed Scheme of Amalgamation involving IAC International Automotive India Private Limited (Transferor Company) and Lumax Auto Technologies Limited (Transferee Company). The company stated that the Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench, passed an order on April 15, 2026, concerning the Second Motion petition.The company confirmed that it received the order on April 22, 2026. The ruling on the Second Motion petition was allowed/reserved by the NCLT. Lumax Auto Technologies Limited noted that the pronouncement date of the final order is yet to be listed by the tribunal.
The amalgamation scheme was pursued under Sections 230 to 232 of the Companies Act, 2013.
NCLT Proceedings Summary
The hearing, which was delivered on April 15, 2026, included appearances from counsels representing the petitioner, the object liquidator (OL), the Securities and Exchange Board of India (SEBI), and the Income Tax Department.According to the NCLT order, counsels for the OL submitted that they have no specific objection to the scheme, provided it receives approval. Similarly, SEBI and the Income Tax Department filed their responses and were noted by the tribunal.
The tribunal concluded the matter by reserving its final order.
The core details of the hearing and the involved parties are summarized below:
| Detail | Description |
|---|---|
| Scheme Matter | IAC International Automotive India Private Limited and Lumax Auto Technologies Limited |
| Legal Provision | Sections 230 to 232 of the Companies Act |
| Hearing Date | April 15, 2026 |
| Order Status | Reserved |
| Application Details | CP(CAA)-13/230-232/ND/2026 |
The tribunal was presided over by Shri Mahendra Khandelwal, Hon'ble Member (Judicial), and Ms. Anu Jagmohan Singh, Hon'ble Member (Technical).
LUMAXTECH Stock Price Movement
Today, Lumax Auto Technologies Limited shares edged higher, concluding the session at ₹1794.4, marking a gain of 1.42%. The stock saw strong trading interest today, with the shares settling on a volume of 258,551 shares.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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