Lux Industries Approves Two-Entity Demerger Covering 58% Of Standalone Turnover

Board approved a scheme, subject to statutory, regulatory, shareholder, creditor and NCLT approvals, to demerge Vertical A (₹1,373.59 crore; 46.77% of FY26 standalone turnover) and Vertical C (₹327.87 crore; 11.16%) into separate subsidiaries proposed for listing, with 1:1 share issuance; Vertical B remains in Lux. Context: advances the proposed vertical separation.