Lux Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
LUXIND · price
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Awaiting price reaction for this filing.
Lux Industries reported Q1 FY26 standalone revenue of Rs 601.15 crores, up 12.7% from Rs 533.14 crores a year ago, but net profit fell about 31% to Rs 23.92 crores versus Rs 34.56 crores in Q1 FY25, with EPS of Rs 7.95. Consolidated revenue stood at Rs 600.99 crores with net profit of Rs 23.25 crores, and the company operates through three business verticals (Lux Cozi/ONN, Lux Nitro/Lyra, GenX brands). The Board also approved the re-appointment of six directors for a second 5-year term starting May 25, 2026 — four executive directors from the promoter Todi family (Navin Kumar, Rahul Kumar, Saket, and Udit Todi) and two independent directors (Ratnabali Kakkar and Rajnish Rikhy), subject to shareholder approval at the AGM. Subcontracting costs and material costs rose sharply, which is the main reason for the profit decline despite healthy topline growth.
Profit pressure is a concern even as revenue grows — investors should watch margin trends in coming quarters. The re-appointment of four promoter-family executive directors signals continued family control of the board, which is continuity-positive but limits fresh independent oversight at the executive level.