Lumax Auto Technologies Ltd

The Board of Directors in their meeting held today i.e. March 6 2023 inter-alia considered and approved the following:(i) Investment of up to Rs. 225 Crore (Rupees Two Hundred Twenty Five Crores Only) in the securities of Lumax Integrated Ventures Private Limited wholly owned subsidiary of the Company.(ii) Extension of Corporate Guarantee in favour of Kotak Mahindra Investments Limited for securing the credit facilities or debt of up to Rs. 250 Crore (Rupees Two Hundred Fifty Crores only) to be availed by Lumax Integrated Ventures Private Limited (LIVE) a wholly owned subsidiary of the Company. The detailed disclosure for aforesaid point no. (ii) as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 are set out in Annexure A attached herewith.