5395422026-08-315395422026-08-312026-08-315395422026-08-312026-08-31DemergedEntityDomain15395422026-08-31DemergedEntityDomain15395422026-08-312026-08-31DemergedEntityDomain25395422026-08-31DemergedEntityDomain25395422026-08-312026-08-31DemergedEntityDomain35395422026-08-31DemergedEntityDomain3iso4217:INRxbrli:purexbrli:shares539542LUX INDUSTRIES LIMITEDLUXINDNOTLISTEDINE150G01020NewDe-mergertrue2026-08-3117:45:002026-08-31The Vertical A Business Undertaking of the Company (as defined in the Scheme) is proposed to be demerged into Resulting Company 1 (Lux and Cozi Limited) and the Vertical C Business Undertaking of the Company (as defined in the Scheme) is proposed to be demerged into Resulting Company 2 (Lux Global Limited). Both Vertical A Business Undertaking and Vertical C Business Undertaking (as defined in detail in the Scheme) are involved in the manufacturing and trading of garments including hosiery products.Lux Industries LimitedDemergedListed Entity (self)170146000000.5793223110630.741977606180.258100300716811223110630.741977606180.258100300716811Lux and Cozi LimitedResultingSubsidiary00250000100002500001222610630.740378106180.259700300716811Lux Global LimitedResultingSubsidiary00250000100002500001204019220.678496697590.321600300716811Shares1:1The Scheme does not involve payment of any cash consideration for the demerger. In consideration of the demerger of the Vertical A Business Undertaking (as defined in the Scheme) and subject to applicable law, the Resulting Company 1 shall issue and allot to the equity shareholders of the Demerged Company, For 1 (One) fully paid-up Equity Share of Lux and Cozi Limited having a face value of Rs. 2/- (Rupees Two only) each, for every 1 (One) fully paid-up equity share of Lux Industries Limited having a face value of Rs. 2/- (Rupees Two only) each held by the shareholders of Lux Industries Limited as on the Record Date. In consideration of the demerger of the Vertical C Business Undertaking (as defined in the Scheme) and subject to applicable law, the Resulting Company 2 shall issue and allot to the equity shareholders of the Demerged Company, For 1 (One) fully paid-up Equity Share of Lux Global Limited having a face value of Rs. 2/- (Rupees Two only) each, for every 1 (One) fully paid-up equity share of Lux Industries Limited having a face value of Rs. 2/- (Rupees Two only) each held by the shareholders of Lux Industries Limited as on the Record Date1. The Board of Directors of the Demerged Company believe that the businesses comprised in the respective Verticals (as defined in the Scheme) of the Demerged Company have distinct operational requirements, growth prospects, strategic priorities, risk profiles and return characteristics and that the segregation of Vertical A Undertaking and Vertical C Undertaking from the Demerged Company will result in focused management, efficient administration, independent strategic decision-making and greater accountability for each business segment, thereby unlocking value for the shareholders and other stakeholders. 2. The proposed Scheme is driven by commercial, operational and strategic considerations, including long-term stability, efficient administration, business continuity, enhanced operational flexibility and maximisation of value for all shareholders and stakeholders. The proposed Scheme will create distinct and independent business platforms and streamline governance structures, enabling each company to pursue its strategic objectives, capital allocation priorities and growth plans more effectively. The Scheme is also expected to provide a robust framework for long-term leadership, support orderly leadership transitions and ensure continuity and stability of operations without disruption to the respective businesses. The shareholding of public shareholders following the demerger will remain the same in all companies and shareholder value, across companies, will be preserved. 3. The demerger, transfer and vesting of the Vertical A Undertaking and Vertical C Undertaking on a going concern basis, into the respective Resulting Companies would result in better and more efficient control by the management of the segregated Verticals and promote their growth. Further, the Scheme would also result in, inter alia, the following benefits: i) The Demerged Company and Resulting Companies would be led by separate and dedicated management teams, enabling improved and efficient control and greater managerial focus on their respective businesses, facilitating efficient exploration of new possibilities and optimum utilization of various resources. ii) The demerger would facilitate targeted growth, operational efficiencies, and increased operational and customer support in relation to the respective undertakings proposed to be demerged into the Resulting Companies (as defined in the Scheme), as well as the business of the Vertical B remaining in the Demerged Company. iii) Strategic business approach for the maximization of shareholder value. iv) Ability to leverage financial and operational resources of each business verticals independently. v) Each business would be able to address independent business opportunities, pursue efficient capital allocation and attract different sets of investors, strategic partners, lenders and other stakeholders. vi) The proposed demerger will enhance value for shareholders and allow a focused strategy for the respective business Verticals, which would be in the best interest of the Demerged Company, Resulting Companies, and their shareholders, creditors and all other stakeholders. vii) The demerger is also expected to unlock the value of the business verticals of the Demerged Company. Steps shall also be taken by the Parties to cause Resulting Company 1 and Resulting Company 2 to be listed on the Stock Exchanges (as defined in the Scheme). viii) The Scheme would provide a competitive advantage in pursuing future growth opportunities, generate greater cost efficiencies and thereby significantly enhance the earnings potential of the respective companies. 4. Pursuant to the implementation of this Scheme, the management and control of each of the Demerged Company and the Resulting Companies will be aligned with the respective family group, resulting in focused and agile management of the respective businesses. This is expected to provide long-term stability, preserve goodwill and harmony amongst the promoter family groups, facilitate orderly succession and leadership transition, and ensure continuity of the respective businesses without disruption. 5. The interests of shareholders and creditors of either the Demerged Company or the Resulting Companies would not be prejudiced as a result of the Scheme. The Scheme is not, in any manner, prejudicial or against public interest, and would serve the interest of all shareholders, creditors and stakeholdersThere will be no change in the shareholding pattern of the Demerged Company (the Company) pursuant to the effectiveness of the Scheme. The Resulting Company 1 and Resulting Company 2 are presently the wholly owned subsidiaries of the Demerged Company. Pursuant to the effectiveness of the Scheme, each shareholder of the Demerged Company, subject to applicable law, will be issued equity shares of the Resulting Company 1 and Resulting Company 2 in the ratio of 1:1 and the entire pre-scheme paid-up share capital of Resulting Company 1 and Resulting Company 2 shall, without any further act, instrument or deed, stand cancelled and extinguished without payment of any consideration thereof, and such cancellation shall be treated as a reduction of share capital in accordance with Sections 230 to 232 of the Act, however, Mr. Rohit Poddar, Mr. Upendra Samriya, Mrs. Neha Poddar and Mrs. Shilpa Agarwal Samriya (currently categorized as Promoter and Promoter Group of the Demerged Company) shall cease to be a part of promoter and promoter group of the Resulting Company 1 and Resulting Company 2 and Hollyfield Traders Private Limited, (currently being a shareholder and categorized as part of the promoter and promoter group of Demerged Company) shall cease to be a part of promoter and promoter group of the Resulting Company 2. trueThe Scheme involves Demerger, transfer and vesting of the Vertical A Undertaking (as defined in the Draft Scheme) of the Company into Resulting Company 1 and Demerger, transfer and vesting of the Vertical C Undertaking (as defined in the Draft Scheme) of the Company into Resulting Company 2. Further, Turnover of Vertical A Business Undertaking is ₹ 1,373.59 Crores, representing 46.77% of the Company's Standalone Turnover for the Financial Year ended 31st March 2026 and Turnover of Vertical C Business Undertaking is ₹ 327.87 Crores, representing 11.16% of the Company's Standalone Turnover for the Financial Year ended 31st March 2026. Hence, we have given the combined value in the head Turnover of Demerged Division.