Subsidiary22 May 2026, 02:30 pm
Lux Industries Incorporates Wholly-Owned Subsidiary
AI Summary
Lux Industries Ltd has incorporated a wholly-owned subsidiary named "Lux and Cozi Limited" in West Bengal, India. The certificate of incorporation was received on May 22, 2026. This move is pursuant to a Family Settlement Agreement for facilitating the proposed demerger of existing businesses. Lux and Cozi Limited has a share capital of 2,50,000 equity shares with a face value of ₹2 each and will be involved in manufacturing and trading of garments including hosiery products. Promoters Ashok Kumar Todi and Saket Todi are directors in the subsidiary.
Key Highlights
- Lux Industries incorporates 'Lux and Cozi Limited' as a wholly-owned subsidiary.
- The subsidiary's incorporation is part of a Family Settlement Agreement for business demerger.
- Lux and Cozi Limited will focus on manufacturing and trading garments and hosiery products.
- The subsidiary has an initial share capital of ₹5,00,000.
- Promoters Ashok Kumar Todi and Saket Todi are appointed as directors of the subsidiary.
Price Impact
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