Lux Industries Limited has informed the Exchange about Acquisition
LUXIND · price
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Lux Industries Limited disclosed that the promoter and promoter group members from the Todi Family (AKT Family, PKT Family, and KKT Family) entered into a Family Settlement Agreement on April 22, 2026. The company is not a party to this agreement. The Board has given in-principle approval for demerging the company into 3 verticals: Vertical A and Vertical C will be demerged into two separate listed companies, while Vertical B will continue in LIL. PKT Family will manage LIL (Vertical B), AKT Family will manage the Vertical A entity, and KKT Family will manage the Vertical C entity. AKT and KKT families will cease management rights in LIL after demerger. The Board also approved incorporation of two new wholly-owned subsidiaries and revised brand licensing agreements. As of March 31, 2026, combined promoter holding across all three family branches is approximately 68%.
Shareholders should note this is a significant restructuring that will split Lux Industries into multiple listed entities. No immediate change in management or control occurs, but upon demerger implementation, existing LIL shareholders will receive shares in the resulting companies proportional to their entitlements.