Lux Industries Ltd has accepted the resignation of Mr. Surendra Kumar Bajaj from the position of Vice President-Marketing. The resignation is effective from the close of business hours on July 06, 2026, due to personal reasons. This change impacts the company's senior management personnel structure as defined under Regulation 16(1)(d) of the SEBI Listing Regulations.

The disclosure was made to the stock exchanges on July 07, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no other reasons for the resignation beyond those stated.

Mr. Surendra Kumar Bajaj served the organization for around 12 years. In his resignation communication, he expressed gratitude for the opportunities, guidance, and trust provided during his tenure, noting that his time at the firm was filled with learning and personal growth. He indicated his intention to ensure a smooth transition of responsibilities.

The following table details the specifics of the management change:

The filing was signed by Smita Mishra, Company Secretary & Compliance Officer of Lux Industries Limited.

Lux Industries has approved a ₹600 crore capacity expansion at its Dankuni facility in West Bengal, targeting a production scale-up to 30-32 crore pieces over the next 6 years. The Board of Directors approved the project on July 04, 2026, to strengthen the manufacturing footprint of Vertical A and address increasing demand.

Expansion Overview

The project entails a total cost of ₹600 crore, which includes the land value acquired in recent years and a new capital expenditure of approximately ₹450 crore. The expansion will add about 12 lakh square feet of manufacturing and allied infrastructure, increasing the total built-up footprint to approximately 20 lakh square feet. Upon completion, the facility is expected to become one of Asia's largest garment manufacturing sites.

Capacity and Revenue Targets

The Dankuni facility's current capacity stands at 12 crore pieces with an approximate utilization of 80%. The proposed addition will increase capacity by 18-20 crore pieces, bringing the total to 30-32 crore pieces. Upon achieving optimum capacity utilization, Lux Industries expects Vertical A to generate incremental annual revenue of ₹900-1,000 crore.

Strategic Impact

The expansion will be financed through internal accruals and debt. The project is anticipated to create approximately 3,000 direct and 6,000 indirect employment opportunities in West Bengal. The move aligns with the company's strategy to cater to future growth plans and scale up manufacturing output to meet rising market demand.