Lumax Industries Limited at its meeting held on March 12, 2024 approved the Setting up of company's New Manufacturing Facility at Sanand (Plant-3), Gujarat. This project will cater to the new orders received from OEM customers for advance lighting solutions. The Project is expected to be commissioned by first Quarter of Financial Year 2024-25.

Expansion of Chakan Plant (Phase-II) at Pune. This project will cater to the new orders received from OEM customers for advance lighting solutions. The Project is expected to be commissioned by Third quarter of Financial Year 2024- 25.

Existing Capacity (Phase-I) 25.38 Lakh Lamps per annum, Existing capacity utilization (Phase-I) 20.52 Lakh Lamps per annum, Proposed capacity addition (Phase-II) 8.50 Lakh Lamps per annum, Investment required: INR 1,526 million. Mode of financing Capex will be funded by mix of Debt and internal accruals. This project will cater to the new orders received from OEM customers for advance lighting solutions.