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Informist, Monday, Aug. 31, 2026

 

MUMBAI – Lux Industries Ltd. Monday said its board approved a three-way split of the company, facilitating the demerger of Lux and Cozi Ltd. and Lux Global Ltd. Under the restructuring arrangement, Lux and Cozi will issue one fully paid-up share of face value INR 2 each for every one equity share of Lux Industries with the same face value. Lux Global will also issue its equity shares to shareholders of Lux Industries in the same arrangement, according to an exchange filing. The scheme does not involve payment of any cash consideration for the demerger.

 

Lux Industries said it expects both the demerged companies to be listed on the exchanges after the restructuring scheme gets regulatory approvals. The proposed scheme is driven by commercial, operational, and strategic considerations, including long-term stability, efficient administration, business continuity, enhanced operational flexibility, and maximisation of value for all shareholders and stakeholders, according to the filing. "The plan will create distinct and independent business platforms and streamline governance structures, enabling each company to pursue its strategic objectives, capital allocation priorities and growth plans more effectively," the company said.

 

Earlier this year, the board had approved slicing the company into three separate verticals. Vertical A and Vertical C were planned to be demerged into two separate resulting companies. Vertical B will continue within Lux Industries and is proposed to be led by Pradip Kumar Todi or another member of his family.

 

Vertical A will include Lux Cozi, Lux Parker, ONN, and Lux Cottswool. Vertical B will comprise Lux Venus, Lux Nitro, Lux Inferno, and Lyra. Vertical C will include Lux Classic, GenX, Lux Karishma, Lux Amore, and Lux Champion, according to an older exchange filing. The resulting listed entity for Vertical A is proposed to be led by Ashok Kumar Todi or another member of his family while Vertical C is proposed to be led by Navin Kumar Todi or a member of his family.

 

For the June quarter, Lux Industries had reported a consolidated net profit of INR 221.30 million on revenues of INR 6.09 billion. Monday, its shares ended at INR 1,210.20 apiece on the National Stock Exchange, nearly 1% higher than Friday.  End

 

Reported by Eshitva Prakash

Edited by Shubhayan Bhattacharya

 

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