Lumax Industries Limited (BSE:517206) agreed to acquire 26% stake in Powerpulse Trading Solutions Limited from Adani Energy Solutions Limited (NSEI:ADANIENSOL) for INR 16.1 million on November 7, 2025. A cash consideration of INR 16.1 million will be paid by Lumax Industries Limited.
For the period ending March 31, 2025, Powerpulse Trading Solutions Limited reported total revenue of INR 119.89 million and net income of INR 119.02 million. As of March 31, 2025, Powerpulse Trading Solutions Limited reported total common equity of INR 918.54 million.
The deal has been approved by the board of directors of Lumax Industries Limited. The expected completion of the transaction is within 3 Months.
Lumax Industries Limited is an India-based provider of automotive lighting solutions and components. The Company is engaged in the manufacturing and trading of automotive components. The Company's wide range of product portfolio include end-to-end lighting solutions with LED lights and conventional lights, such as headlamps, tail lamps, fog lamps, and other lighting components and auxiliary lamps, among others. In addition to lighting products, it also manufactures electronic components for four wheelers, two wheelers, commercial vehicles, and tractors in the farm equipment segment (FES). The Company sells mainly through business to business (B2B) model to original equipment manufacturers (OEMs). The Company caters to automobile manufacturing in Indian and global markets. The Company operates approximately 12 manufacturing facilities that are spread across six states in India. Its subsidiary is Lumax Industries Czech s.r.o.
