Lux Industries Board Meeting Scheduled on May 21, 2026 to Consider Final Dividend for FY2025-26

Lux Industries has notified the stock exchanges of a board meeting scheduled for Thursday, May 21, 2026, at which the board may recommend a final dividend on equity shares for the financial year 2025-26. The intimation was issued on May 17, 2026, by Company Secretary and Compliance Officer Smita Mishra, in continuation of an earlier communication dated May 11, 2026.

Board Meeting and Dividend Consideration

The notification was made pursuant to Regulation 29(1)(e) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which mandates prior intimation to exchanges when a board meeting is convened to consider dividend recommendations. The board will deliberate on the declaration of a final dividend, if any, on equity shares of the company for FY2025-26 during the same meeting.

Key details of the board meeting are outlined below:

Parameter: Details Meeting Date: Thursday, May 21, 2026 Agenda Item: Consideration of Final Dividend on Equity Shares Financial Year: 2025-26 Regulatory Reference: SEBI LODR Regulation 29(1)(e) Prior Intimation Date: May 11, 2026 Notification Date: May 17, 2026

Financial Results Also on the Agenda

In addition to the dividend consideration, the board meeting on May 21, 2026, will also take up the consideration and approval of the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026. This was communicated in the earlier letter dated May 11, 2026.

Regulatory Compliance

The intimation was filed with both BSE Limited and the National Stock Exchange of India Ltd. in accordance with applicable listing regulations. The communication was signed by Smita Mishra, Company Secretary and Compliance Officer, with membership number A26489, on May 17, 2026.

Lux Industries Limited's board of directors has approved a comprehensive restructuring plan following a Family Settlement Agreement among the Todi family promoter groups. The board meeting held on April 23, 2026, addressed significant corporate developments that will reshape the company's organizational structure.

Family Settlement Agreement Details

The promoter and promoter group members from the Todi Family entered into a Family Settlement Agreement on April 22, 2026. The agreement involves three family branches comprising 29 members across promoter and promoter group categories. The company itself is not a party to this agreement.

Family Branch: Key Members Purpose AKT Family: Ashok Kumar Todi, Bimla Devi Todi, Saket Todi Division and distribution of businesses PKT Family: Pradip Kumar Todi, Shobha Todi, Udit Todi Long-term peace and harmony KKT Family: Navin Kumar Todi, Prabha Devi Todi, Rahul Kumar Todi Apportionment of family assets

The Family Settlement Agreement was entered amicably for division, distribution and apportionment of divisible businesses and assets of the family as well as usage of intellectual properties for long-term peace, harmony and understanding.

In-Principle Demerger Approval

The board granted in-principle approval for a scheme of demerger, building upon the business trifurcation previously approved on November 22, 2023. The proposed structure will create three separate verticals through a demerger scheme under the Companies Act, 2013.

Vertical: Leadership Status Vertical A: AKT Family (Ashok Kumar Todi) To be demerged into new listed company Vertical B: PKT Family (Pradip Kumar Todi) To remain with Lux Industries Limited Vertical C: KKT Family (Navin Kumar Todi) To be demerged into new listed company

Upon implementation of the scheme, Vertical A and Vertical C would be demerged into two resulting companies which will be subsequently listed. The business of Vertical B shall continue to remain in Lux Industries Limited. The AKT Family and KKT Family will cease to hold any right in management and control of Lux Industries Limited, while the PKT Family will continue to manage and control the company.

Brand and Manufacturing Facility Allocation

Pursuant to the Family Settlement Agreement, major brands and manufacturing facilities have been allocated among the three verticals:

Vertical: Major Brands Manufacturing Facilities Vertical A: Lux Cozi, Lux Parker, ONN, Lux Cottswool Dankuni, Sankrail Industrial Park, Tajpur Road, Tiruppur Vertical B: Lux Venus, Lux Nitro, Lux Inferno, Lyra Hosiery Park, Ludhiana, Tronica City, Avinashi Tiruppur Vertical C: Lux Classic, GenX, Lux Karishma, Lux Amore, Lux Champion Vengameddu Tiruppur

The principal "LUX" trademark with design and font shall remain the exclusive property of Biswanath Hosiery Mills Limited at all times and be perpetually licensed in favour of Lux Industries Limited and two resultant entities for corporate purposes only.

Subsidiary Incorporation and Brand Licensing

To facilitate the demerger process, the board approved incorporating two wholly-owned subsidiaries in West Bengal with names containing 'Lux':

Parameter: WOS 1 WOS 2 Share Capital: ₹5,00,000 ₹5,00,000 Number of Shares: 2,50,000 2,50,000 Face Value: ₹2.00 per share ₹2.00 per share Shareholding: 100% by Lux Industries 100% by Lux Industries

The board also approved revised brand licensing agreements with Biswanath Hosiery Mills Limited for Lux-related brands and separate agreements with three other entities for non-Lux brands including ONN, Lyra, and GenX.

Committee Formation and Shareholding Details

A committee comprising Chairman Ashok Kumar Todi, Managing Director Pradip Kumar Todi, and Independent Directors Ratnabali Kakkar and Rusha Mitra has been constituted to deliberate the proposed demerger.

Family Member: Shareholding (%) Shares Held Pradip Kumar Todi: 14.68% 44,15,290 Ashok Kumar Todi: 12.17% 36,58,654 Prabha Devi Todi: 12.19% 36,65,920 Bimla Devi Todi: 11.59% 34,85,070

The board meeting commenced at 6:00 p.m. and concluded at 7:40 p.m. on April 23, 2026. The implementation requires approvals from regulatory authorities, shareholders, and other stakeholders. Appropriate public disclosures will be made upon formal board approval of the demerger scheme, ensuring compliance with SEBI Listing Regulations and applicable laws.

Source: Company/INE150G01020/81fb1742-2302-4b33-b595-e5a636f92a67.pdf

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