Lux Industries Incorporates Wholly Owned Subsidiary Lux Global

Lux Industries has incorporated a wholly owned subsidiary, Lux Global Limited, in West Bengal as part of its ongoing business restructuring process linked to the proposed demerger of its Vertical C business.

The company said the new entity was incorporated on May 18, 2026 and will engage in the manufacturing and trading of garments, including hosiery products.

Lux Industries has subscribed to 2,50,000 equity shares of Rs 2 each in the newly formed company, amounting to a total investment of Rs 5 lakh, giving it 100% ownership in the subsidiary.

The company stated that the incorporation has been undertaken in line with the Family Settlement Agreement among members of the Todi family to facilitate the proposed demerger announced earlier in April 2026.