Corporate restructuring
Board approves demerger plan, two new subsidiaries and brand licensing after promoter Family Settlement
On 23 Apr 2026 the Board noted a Family Settlement Agreement among promoter families, gave in‑principle approval for a demerger creating two listed resulting companies (Verticals A & C), approved incorporation of two wholly‑owned West Bengal subsidiaries to facilitate the demerger, and approved revised brand licensing arrangements with group entities for Lux and non‑Lux brands; PKT family to retain management/control of Lux Industries.