Lumax Industries Limited has appointed Mr. Yoshitsugu Matsushita (Nominee of Stanley Electric Co. Ltd, Japan, the Financial and Technical Collaborator) as an Additional Director (Non-Executive and Non-Independent) of the Company, effective June 1, 2023. Mr. Yoshitsugu Matsushita is Bachelor of Economics, from HOSEI University, Tokyo, Japan.

He has experience of more than 35 years in the Automotive Industry. He is associated with Stanley Electric Co. Ltd. Since 1987.