Lumax Auto Technologies announced the NCLT Chandigarh Bench sanctioning the amalgamation of step-down subsidiary Greenfuel Energy Solutions with wholly-owned Lumax Resources on January 14, 2026, following prior updates. The company is rectifying factual errors in the order. This merger bolsters Lumax's green fuel portfolio in CNG and hydrogen systems.
Lumax Auto Technologies Limited announced that the National Company Law Tribunal, Chandigarh Bench, sanctioned the Scheme of Arrangement for amalgamating its step-down subsidiary Greenfuel Energy Solutions Private Limited with wholly-owned subsidiary Lumax Resources Private Limited on January 14, 2026. This follows prior communications on February 6 and September 15, 2025. The company noted factual errors in the uploaded NCLT order and is pursuing rectification.
Scheme Overview
The Scheme, under Sections 230 to 232 of the Companies Act, 2013, merges Greenfuel Energy Solutions (transferor, step-down subsidiary) into Lumax Resources (transferee, wholly-owned subsidiary), involving shareholders and creditors. This caps a process initiated after Lumax's 2024 acquisition of majority stake in Greenfuel for its CNG and hydrogen fuel systems business, serving OEMs like Maruti Suzuki and Tata Motors.
Key Developments
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January 14, 2026: Hon'ble NCLT pronounces sanctioning order.
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Prior steps: Communications dated February 06, 2025, and September 15, 2025.
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Greenfuel focus: High-pressure fuel delivery for alternate fuels, fire suppression systems.
Strategic Implications
The merger integrates Greenfuel's green fuel expertise into Lumax's automotive portfolio, boosting per-vehicle content and synergies in customer base and technology. It positions Lumax for growth in India's expanding CNG and hydrogen vehicle segments amid sustainability push.
Sources: Marketscreener.com, Lumaxworld.in, Economic Times.