Lux Industries has approved a major demerger plan following a Family Settlement Agreement among the Todi family promoters.

The company will split its business into three verticals.

Vertical A and Vertical C will be demerged into two new, separately listed entities, each led by different family branches.

Vertical B will remain with the existing Lux Industries, led by the PKT Family, who will retain control of LIL.

This strategic move aims for long-term family harmony and business operational realignment.

Two new wholly-owned subsidiaries, each with a capital of 0.05 Cr, will be formed to facilitate the demerger.

Brand licensing agreements are also being revised.