Subsidiary18 May 2026, 07:21 pm
Lux Industries Incorporates Wholly-Owned Subsidiary
AI Summary
Lux Industries Ltd has incorporated a wholly-owned subsidiary, Lux Global Limited, in West Bengal, India. The Certificate of Incorporation was received on May 18, 2026. This move is part of a Family Settlement Agreement to facilitate the demerger of existing businesses. Lux Global Limited will focus on manufacturing and trading garments, including hosiery products. The subsidiary has an initial share capital of ₹5,00,000.
Key Highlights
- Lux Industries incorporates Lux Global Limited as a wholly-owned subsidiary.
- The subsidiary is incorporated in West Bengal, India, with certificate received on May 18, 2026.
- Lux Global Limited will engage in manufacturing and trading of garments including hosiery products.
- The incorporation is part of a Family Settlement Agreement for business demerger.
- Initial share capital of Lux Global Limited is ₹5,00,000.
Price Impact
More from LUXIND