Lux Industries approves demerger of Vertical A & C businesses into WOS

Lux Industries Limited announced that its Board of Directors, at a meeting held on August 31, 2026, has approved a Scheme of Arrangement for the demerger of its Vertical A Business Undertaking into Lux and Cozi Limited (Resulting Company 1) and its Vertical C Business Undertaking into Lux Global Limited (Resulting Company 2). These two entities are wholly-owned subsidiaries incorporated on May 22, 2026, and May 18, 2026, respectively. The business of Vertical B will continue with Lux Industries Limited.

Under the approved scheme, for every one fully paid-up equity share of Lux Industries Limited (face value ₹2), shareholders will receive one fully paid-up equity share of Lux and Cozi Limited (face value ₹2) and one fully paid-up equity share of Lux Global Limited (face value ₹2). The demerger is intended to create distinct business platforms, enabling focused management, efficient administration, independent strategic decision-making, and unlocking value for shareholders. The Scheme is subject to necessary statutory and regulatory approvals, including from the National Company Law Tribunal, SEBI, BSE, and NSE.

The Vertical A Business Undertaking had a turnover of ₹1,373.59 Crores (46.77% of standalone turnover) for the financial year ended March 31, 2026. The Vertical C Business Undertaking had a turnover of ₹327.87 Crores (11.16% of standalone turnover) for the same period. The equity shares of Resulting Company 1 and Resulting Company 2 are proposed to be listed on BSE and NSE.

The Board meeting commenced at 05:15 P.M. and concluded at 05:45 P.M. IST.