Lux Industries announced that its board approved an in-principle three-way demerger plan to split the enterprise into three distinct business verticals (Vertical A, Vertical B, and Vertical C) pursuant to a family settlement agreement among the promoter Todi family branches. Under the scheme, Vertical B remains with the existing listed entity under the PKT family, while Verticals A and C are set to be demerged into separate companies targeted for independent stock exchange listings. Additionally, the board approved revised brand licensing agreements and the incorporation of wholly-owned transition subsidiaries to secure intellectual property continuity for major brands like Lux Cozi, Lyra, and GenX.