Lux Industries' Board approved a family settlement agreement among Todi Family branches, leading to a proposed trifurcation and demerger of the company.
The demerger plan will split Vertical A and C into two new listed entities, while Vertical B remains with Lux Industries under PKT Family management.
Board approved incorporation of two new wholly-owned subsidiaries and new brand licensing agreements to facilitate the restructuring.
Immediate management control remains unchanged; implementation is subject to regulatory and shareholder approvals.