About
Lux Industries Ltd
Lux Industries Limited was incorporated in the year July 21st, 1995 and is principally engaged in the business of manufacturing & sales of knitwear's. The Company has operations in India and caters to both domestic and international markets and has a wholly owned subsidiary in India in the name of Artimas Fashions Private Limited. The manufacturing units of the Company are located in Kolkata (West Bengal) and Tirupur, in the State of Tamil Nadu and Ludhiana in the State of Punjab. It has more than 1,150 dealers and 7 manufacturing facilities across India.
Lux Industries Limited was founded in 1957 by Mr Girdhari Lal Todi through the establishment of Biswanath Hosiery Mills. The Company came into existence since 1995. Over the years, the Company established itself as a leader in the branded innerwear segment in India.
During the year 2017, the Company sub divided its equity shares from Rs10/- each to Rs2/- each in the ratio of 5 shares of Rs2/- each for every 1 share of Rs10/- each.
During FY 2018, the Directors had proposed the Composite Scheme of Arrangement under Section 230 to 232 of the Companies Act, 2013 for Amalgamation of Transferor Companies i.e. J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited into Transferee Company i.e. Lux Industries Limited. The Appointed Date of the Scheme is April 1, 2018. The Scheme is subject to requisite approvals, including the sanction of the National Company Law Tribunal.
During the year 2018-19, the Company invested in 50.87% shares of Altai Industries Private Limited resulting said Private Limited Company becoming Subsidiary of Lux Industries Limited.
During the year 2018-19, Company received NOC from SEBI for Composite Scheme of Arrangement for Amalgamation of Transferor Companies i.e. J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited into Transferee Company i.e. Lux Industries limited and filed the Scheme before the NCLT, with Appointed Date for the Scheme being April 01, 2018. In August 2019, company launched winter wear with hoodies addressing the younger generation aged between 25 and 35. In financial year 2019-20, Altai Industries Private Limited cease to be the subsidiary of company with effect from May 14, 2019.
In FY'20, the Company launched ONN T-shirts. It launched a scented vest under brand 'Lux Cozi', the first time in India. The company's winter wear Inferno brand was endorsed by brand ambassadors Amitabh Bachchan and Kartik Aaryan, strengthening offtake. It launched celebrated One8 brand, endorsed by Virat Kohli.. It launched Lux Nitro, a casual wear of T-shirt as product line. Artimas Fashions Pvt. Ltd. was created as a subsidiary of Lux Industries to establish a unique and customized value-chain that would establish and grow its mid-premium business. The subsidiary created independent and dedicated manufacturing capacities to manufacture all the products sold by the One8 brand. The brand launch was facilitated by a completely inorganic new distributor network. In December 2019, the brand was launched across 45 cities on a single day, comprising portfolio innerwear.
The Company launched its first exclusive brand outlet of CozyWorld in November 2020. It expanded product portfolio, launched a short women's tunic from 100% rayon that enhanced softness. It launched night suits, side pattern tracks and beginner's brassiere under the Lyra brand. It commissioned exclusive buying outlets (CozyWorld) to make retail purchases simpler in FY 2020-21. It merged Ebell Fashions, creating a platform to build around popular women's brand Lyra. It merged J.M. Hosiery and acquired the manufacturing and marketing rights for GenX, a budget-friendly youth brand. It deepened its presence in the premium segment through brands ONN, Lux Premiums (Export) and One8.
During the year 2021-22, two major Group Companies were merged with the Company. The Scheme of Amalgamation of J. M. Hosiery & Co Limited (JMHL) and Ebell Fashions Private Limited with Lux Industries was sanctioned by the Hon'ble NCLT, Kolkata Bench vide its order dated March 25, 2021 effective from May 01, 2021, with Appointed Date being April 01, 2020. Pursuant to the Scheme 48,18,681 equity shares were allotted by the Company on May 8, 2021 to the shareholders of the JMHL & Ebell. It launched a campaign, Ikkis khoobiyon wali baniyaan' for Lux Cozi vests in FY'22.
Lux Industries Ltd
Chairman Speech
The Company has embraced the essence of Lux 2.0
At Lux, our competence represents the sum of alt our achievements,
which we seek to transform into a platform for robust sustainable growth.
Lux has been in business for over six decades. The Company began with
two goals in mind: to supply quality products and market products for the masses. The
Company focused on creating a virtuous cycle by widening its presence to generate superior
economies and generate a surplus that could be reinvested so sustain the growth momentum.
A few decades ago, the term 'sustainability' was not spoken of.
However, Lux was driven by sustainability principles with the objective of leading these
to enhanced brand visibility, revenues and surplus. The promoters of the Company may not
have been business school graduates but their thorough market understanding and handson
engagement translated into outperformance.
The promoters brought to the business more than just an alignment with
market conditions; they brought a distinctive 'boldness' as well. This intangible
personality represented our backbone and continues to be so. Contrary to people's opinions
about the Indian hosiery sector, the Company championed a distinctive style of working,
prioritising customer interests of quality, affordability, availability and accessibility.
Remaining bold to do bold
Lux dared to extend beyond the obvious through measured risk taking.
Did we succeed? Yes, even though few initiatives did not turn out as expected on account
of a timing mismatch. We were generally ahead of the curve, never far from it and the
experience derived out of mismatches made us think, function and deliver
disproportionately positive outcomes thereafter.
What were our bold moves? We expanded our sourcing network. We launched
products and features,
strengthened distinctive promotional methods, introduced new pricing
strategies and migrated from the mass segment to the premium. We implemented steps that
widened the market and accounted for a larger market share.
During the financial year under review, the Company deepened its
digital presence. Investments in digitalisation became the base for incremental
improvements across the supply chain; retailers now enjoy a direct access to Lux,
resulting in a real-time trend understanding; the Company responded with stronger online
marketing, informed decision-making, moderated costs and accelerated workflows. Going
ahead, digitalisation is expected to strengthen systems, workflows and stability.
The Company addresses a positive future on account of its
responsiveness and boldness. The Company continues to reinvest without altering its
strategic direction.
The Company embraces the essence of Lux 2.0, derived from a complement
of decades of experiences and the enthusiasm of our youthfulness, which are likely to
transpire into sustained outperformance.
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Lux Industries Ltd
Company History
Lux Industries Limited was incorporated in the year July 21st, 1995 and is principally engaged in the business of manufacturing & sales of knitwear's. The Company has operations in India and caters to both domestic and international markets and has a wholly owned subsidiary in India in the name of Artimas Fashions Private Limited. The manufacturing units of the Company are located in Kolkata (West Bengal) and Tirupur, in the State of Tamil Nadu and Ludhiana in the State of Punjab. It has more than 1,150 dealers and 7 manufacturing facilities across India.
Lux Industries Limited was founded in 1957 by Mr Girdhari Lal Todi through the establishment of Biswanath Hosiery Mills. The Company came into existence since 1995. Over the years, the Company established itself as a leader in the branded innerwear segment in India.
During the year 2017, the Company sub divided its equity shares from Rs10/- each to Rs2/- each in the ratio of 5 shares of Rs2/- each for every 1 share of Rs10/- each.
During FY 2018, the Directors had proposed the Composite Scheme of Arrangement under Section 230 to 232 of the Companies Act, 2013 for Amalgamation of Transferor Companies i.e. J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited into Transferee Company i.e. Lux Industries Limited. The Appointed Date of the Scheme is April 1, 2018. The Scheme is subject to requisite approvals, including the sanction of the National Company Law Tribunal.
During the year 2018-19, the Company invested in 50.87% shares of Altai Industries Private Limited resulting said Private Limited Company becoming Subsidiary of Lux Industries Limited.
During the year 2018-19, Company received NOC from SEBI for Composite Scheme of Arrangement for Amalgamation of Transferor Companies i.e. J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited into Transferee Company i.e. Lux Industries limited and filed the Scheme before the NCLT, with Appointed Date for the Scheme being April 01, 2018. In August 2019, company launched winter wear with hoodies addressing the younger generation aged between 25 and 35. In financial year 2019-20, Altai Industries Private Limited cease to be the subsidiary of company with effect from May 14, 2019.
In FY'20, the Company launched ONN T-shirts. It launched a scented vest under brand 'Lux Cozi', the first time in India. The company's winter wear Inferno brand was endorsed by brand ambassadors Amitabh Bachchan and Kartik Aaryan, strengthening offtake. It launched celebrated One8 brand, endorsed by Virat Kohli.. It launched Lux Nitro, a casual wear of T-shirt as product line. Artimas Fashions Pvt. Ltd. was created as a subsidiary of Lux Industries to establish a unique and customized value-chain that would establish and grow its mid-premium business. The subsidiary created independent and dedicated manufacturing capacities to manufacture all the products sold by the One8 brand. The brand launch was facilitated by a completely inorganic new distributor network. In December 2019, the brand was launched across 45 cities on a single day, comprising portfolio innerwear.
The Company launched its first exclusive brand outlet of CozyWorld in November 2020. It expanded product portfolio, launched a short women's tunic from 100% rayon that enhanced softness. It launched night suits, side pattern tracks and beginner's brassiere under the Lyra brand. It commissioned exclusive buying outlets (CozyWorld) to make retail purchases simpler in FY 2020-21. It merged Ebell Fashions, creating a platform to build around popular women's brand Lyra. It merged J.M. Hosiery and acquired the manufacturing and marketing rights for GenX, a budget-friendly youth brand. It deepened its presence in the premium segment through brands ONN, Lux Premiums (Export) and One8.
During the year 2021-22, two major Group Companies were merged with the Company. The Scheme of Amalgamation of J. M. Hosiery & Co Limited (JMHL) and Ebell Fashions Private Limited with Lux Industries was sanctioned by the Hon'ble NCLT, Kolkata Bench vide its order dated March 25, 2021 effective from May 01, 2021, with Appointed Date being April 01, 2020. Pursuant to the Scheme 48,18,681 equity shares were allotted by the Company on May 8, 2021 to the shareholders of the JMHL & Ebell. It launched a campaign, Ikkis khoobiyon wali baniyaan' for Lux Cozi vests in FY'22.
Lux Industries Ltd
Directors Reports
Lux Industries Ltd
Company Background
| Incorporation Year | 1995 |
| Registered Office | No 39,Kali Krishna Tagore Street
Kolkata,West Bengal-700007 |
| Telephone | 91-33-22598155,Managing Director |
| Fax | 91-33-40012001 |
Ashok Kumar TodiPradeep Kumar Todi| Company Secretary | Smita Mishra |
| Auditor | S K Agarwal & Co Chartered Accountants LLP |
| Face Value | 2 |
| Market Lot | 1 |
| Listing | BSE,NSE, |
| Registrar | KFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032 |
Lux Industries Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Ashok Kumar Todi | Executive Chairman | 2022 |
| Pradeep Kumar Todi | Managing Director | 2022 |
| Kamal Kishore Agrawal | Independent Director | 2022 |
| Snehasish Ganguly | Independent Director | 2022 |
| Nandanandan Mishra | Independent Director | 2022 |
| Smita Mishra | Company Sec. & Compli. Officer | 2022 |
| Rusha Mitra | Independent Director | 2022 |
| Rahul Kumar Todi | Executive Director | 2022 |
| Saket Todi | Executive Director | 2022 |
| Udit Todi | Executive Director | 2022 |
| Rajnish Rikhy | Independent Director | 2022 |
| Ratnabali Kakkar | Independent Director | 2022 |
| Navin Kumar Todi | Executive Director | 2022 |
Lux Industries Ltd
Listing Information
| Listing Information |
|---|
| NFTMICC250 |
| NFTYTOTMKT |
Lux Industries Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sales | NA | 0 | 0 | 0 | 2260.28 |
| Export Incentives | NA | 0 | 0 | 0 | 12.2 |
| Service Income | NA | 0 | 0 | 0 | 0.29 |
| Insurance Claim | NA | 0 | 0 | 0 | 0.23 |
| Knitwear | Pcs | 0 | 0 | 0 | 0 |
| Trading Sales | NA | 0 | 0 | 0 | 0 |
| Other Operating Revenue | NA | 0 | 0 | 0 | 0 |
| Fabric | Kg | 0 | 0 | 0 | 0 |