ALFA Filings
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Lux Industries is demerging its Vertical A and Vertical C business undertakings into two resulting companies, Lux and Cozi Limited and Lux Global Limited. Shareholders receive a 1:1 share swap ratio for each entity.
Lux Industries approved a Scheme of Arrangement to demerge its 'Vertical A' and 'Vertical C' business undertakings into two separate wholly-owned subsidiaries.
Lux Industries incorporated Lux Global Limited as a wholly owned subsidiary for ₹0.05 Crore. The move facilitates a proposed business demerger.
Lux Industries Limited is incorporating a new wholly owned subsidiary with an initial capital of ₹0.05 Crore. The new entity will focus on manufacturing and trading garments and hosiery products in India.
Lux Industries Limited has incorporated a new wholly owned subsidiary (proposed name WOS 1) for the manufacturing and trading of garments and hosiery products. The company will subscribe to 100% of the initial share capital for ₹0.05 Crore in cash.
Lux Industries announced a Family Settlement Agreement involving the Todi family promoters. The agreement envisages a demerger of the company into three separate listed entities: Vertical A (led by Ashok Todi), Vertical B (remaining in LIL under Pradip Todi), and Vertical C (led by Navin Todi). Intellectual property and manufacturing facilities will be realigned accordingly.
Lux Industries Ltd has approved a demerger to trifurcate its business into three verticals (A, B, and C). Verticals A and C will be demerged into two new listed entities, while Vertical B remains with the company. The restructuring involves incorporating two new subsidiaries with ₹0.10 Crore total capital and realigning brand licensing agreements.