Lux Industries has formed Lux and Cozi Limited as a wholly-owned subsidiary for ₹0.05 Cr.

This new entity will operate in the manufacturing and trading of garments and hosiery products.

The incorporation is a key step to facilitate the proposed demerger of the company's "Vertical A" businesses, part of a Family Settlement Agreement.

This strategic move aims to streamline operations by segregating certain business segments.

While a significant step in corporate restructuring, the subsidiary is yet to commence business operations, so no immediate operational impact is expected.