Lux Industries Limited
Lux Industries Limited was incorporated in 1995 having a market share of 15% of the organised industry. It is the largest mid-segment hosiery enterprise in India.Company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its flagship brand.
What Lux files
- Others57
- Important12
- Board Meeting9
- PPTs7
- Dividend/Bonus5
- JV/Acquisition4
Lux Industries addressed allegations regarding its Rs. 600 Cr Dankuni expansion, clarifying land conversion and ongoing approvals for the 12 lakh sq. ft. factory. The company denies all claims, asserting regulatory compliance, and has issued a defamation notice.
Lux Cozi Group invests ₹600 Cr to expand its Dankuni facility to 20 lakh sq. ft., adding 20 Cr pieces annually for a total of 36 Cr. This aims to create one of Asia's largest garment plants with a five-year payback, funded by borrowings/accruals.
Lux Industries' board approved quarterly results. Revenue rose to 669.98 Cr, but Net Profit fell sharply to 12.51 Cr. This decline was largely due to 6.11 Cr in exceptional charges from new Labour Code provisions and a tax dispute settlement.
Lux Industries' board approved appointing EY as Internal Auditors for Vertical A, and Deloitte for Vertical B & C, following Audit Committee input. This move strengthens internal oversight and financial controls.