Lux Industries Limited Incorporates Wholly Owned Subsidiary, Lux and Cozi Limited
Lux Industries Limited has successfully incorporated a wholly owned subsidiary (WOS) in West Bengal, India. The company received the Certificate of Incorporation for the new entity, Lux and Cozi Limited, on May 22, 2026.The formation of the subsidiary was undertaken following a Family Settlement Agreement (FSA) entered into among the members of the promoter and promoter group from the Todi Family of the company. This initiative is intended to facilitate the proposed demerger of the existing businesses related to Vertical A of Lux Industries Limited.
Details of the Wholly Owned Subsidiary
Lux and Cozi Limited is positioned in the manufacturing and trading of garments, including hosiery products. The company has a stated size of turnover that is not applicable as it is yet to commence business operations.Financial and corporate details concerning the newly formed subsidiary are as follows:
| Particulars | Details |
|---|---|
| Target Entity Name | Lux and Cozi Limited |
| Date of Incorporation | May 22, 2026 |
| Share Capital | 2,50,000 equity shares |
| Face Value per Share | Rs. 2/- |
| Industry | Manufacturing and trading of garments including hosiery products |
| Country of Incorporation | India |
| Promoters/Directors | Mr. Ashok Kumar Todi and Mr. Saket Todi |
Acquisition Details
Lux Industries Limited acquired 100% shareholding in the subsidiary through a cash consideration. The details of this acquisition are provided below:| Metric | Value |
|---|---|
| Shares Acquired | 2,50,000 equity shares |
| Cost of Acquisition | Rs. 5,00,000 (2,50,000 shares at Rs. 2/- each) |
| Nature of Transaction | Cash consideration |
The transaction establishes the subsidiary as a related party to the company. The promoters in the new WOS include Mr. Ashok Kumar Todi and Mr. Saket Todi.
LUXIND Stock Price Movement
As of 3:18 PM, shares of Lux Industries Limited are slipping by 2.03% in live trading, currently valued at ₹1314.3. The stock is seeing active trading, with a total volume of 47,027 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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