Lux Industries Ltd

Lux Industries Announces Demerger Plan via Family Settlement Agreement 🧩

- Family Settlement Agreement signed on April 22, 2026, among AKT, PKT, and KKT families.

- Demerger plan: Vertical A and Vertical C to be demerged into separate listed companies; Vertical B remains with Lux Industries.

- Brand allocations: Vertical A includes Lux Cozi, Lux Parker, ONN, Lux Cottswool; Vertical B includes Lux Venus, Lux Nitro, Lux Inferno, Lyra; Vertical C includes Lux Classic, GenX, Lux Karishma, Lux Amore, Lux Champion.

- Manufacturing facilities allocated across West Bengal, Punjab, Tamil Nadu, and Ghaziabad.

- 'LUX' trademark remains with Biswanath Hosiery Mills Limited and will be licensed to all entities.

- No immediate change in management or control; changes contingent on demerger approvals.

- Key shareholdings as of March 31, 2026: Ashok Kumar Todi (12.17%), Pradip Kumar Todi (14.68%), Prabha Devi Todi (12.19%), Bimla Devi Todi (11.59%).