Clarification21 Aug 2026, 04:51 pm
Lux Industries Clarifies Capex Expansion Allegations
AI Summary
Lux Industries Limited held a press conference on August 21, 2026, to address allegations made by Mr. Kuna! Ghosh (TMC MLA) regarding the clearance and approval process for its proposed capital expenditure expansion project at Dankuni. Mrs. Vandana Yadav, Principal Secretary of Industry and Commerce, West-Bengal, confirmed that all necessary government due diligence was completed. Mr. Ashok Kumar Todi, Chairman, detailed the investment scale and significance of the expansion for Vertical A, and stated the company has issued a defamation notice to Mr. Ghosh.
Key Highlights
- Lux Industries clarifies allegations on Dankuni capex expansion project.
- West Bengal Govt confirms all due diligence completed for project.
- Company chairman details investment scale and expansion significance.
- Lux Industries has issued a defamation notice to the accuser.
- Focus on corporate governance and regulatory compliance emphasized.
Price Impact
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