Board approves demerger of two business verticals into new listed subsidiaries

Demerger Ratio AnnouncedNclt Scheme FiledCore Business DivestedStrategic Transactions View source PDF Explain this filing

LUXIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.9%1-day move

₹1213.00

prior close

₹1222.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2-0.1-0.2-1.1-3.9-3.5-3.4-5.1-6.8-8.7————

Up moveDown movePending

AI summary

Lux Industries board approved a Scheme of Arrangement to demerge its Vertical A business (46.77% of FY26 standalone turnover at Rs 1,373.59 Cr) into Lux and Cozi Limited and Vertical C business (11.16% at Rs 327.87 Cr) into Lux Global Limited. Both are wholly owned subsidiaries. Vertical B stays with Lux Industries. Shareholders will get 1 share in each new company for every 1 Lux Industries share held on the record date. Both new entities will seek listing on BSE and NSE. Scheme needs NCLT, SEBI, shareholder and creditor approvals.

Likely market impact

Shareholders get additional shares in two new listed entities. Could unlock value, but subject to multiple regulatory approvals and risks.