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Lux Industries three way split approved as shares plunge after demerger nod
Business
Published on 24 April 2026
A family settlement triggers a rare vertical reframe
Lux Industries’ shares fell more than 7% after its board approved a business demerger that will split the company into three verticals. The restructuring is tied to a promoter family settlement, and management control under the Todi family will be realigned across the new entities. Two of the verticals are expected to be listed separately, reshaping the small-cap’s future.
- Lux Industries approved a demerger into three vertical business units
- Shares dropped over 7% after the board’s approval
- A promoter family settlement drives the restructuring
- Todi family control will be reallocated across entities
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times