Lux Industries Limited declared a final dividend of ₹2.00 per equity share for the financial year ended March 31, 2026, during its 31st Annual General Meeting held on September 25, 2026. The company also reported record annual revenue of ₹2,900 crore, marking a growth of approximately 14%.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means (OAVM), saw the adoption of audited standalone and consolidated financial statements for FY26. Shareholders approved the re-appointment of Mr. Rahul Kumar Todi and Mr. Saket Todi as Directors retiring by rotation. Additionally, special resolutions were passed to re-appoint three Independent Directors for a second term of five years.

Strategic Expansion and Demerger Plans

During the proceedings, Chairman Ashok Kumar Todi highlighted key strategic initiatives aimed at sharpening business structures. Subject to regulatory approvals, the company plans to demerge its Vertical A Business into Lux and Cozi Limited and its Vertical C Business into Lux Global Limited. This move is intended to reinforce strategic and operational focus across distinct business verticals.

Managing Director Pradip Kumar Todi emphasized the company’s partnership with Reebok as a critical driver for expanding presence in the premium category. He noted that the company achieved its highest-ever revenue figures, underscoring a commitment to strengthening brands and improving operational efficiency.

Manufacturing Capacity Enhancement

A significant milestone was announced regarding capacity expansion. Lux Cozi has laid the foundation stone for a new manufacturing facility in Dankuni, West Bengal, in the presence of the Chief Minister. This expansion will add approximately 12 lakh sq. ft. to the existing infrastructure, bringing the total manufacturing area at Dankuni to around 20 lakh sq. ft. The new facility is equipped with modern infrastructure and advanced facilities to support future growth.

Voting Results Summary

The Consolidated Scrutinizer’s Report confirmed that all resolutions were passed with the requisite majority. The voting details for key items are summarized below:

What the Numbers Show

The divergence between the company’s robust top-line growth and the modest dividend payout highlights a strategic prioritization of capital retention for expansion. While revenue grew 14% to ₹2,900 crore, the dividend remained at ₹2.00 per share (100% of face value). This suggests that management is directing surplus cash toward the significant capital expenditure required for the Dankuni facility expansion and the structural realignment via demerger, rather than increasing shareholder returns immediately.

Lux Industries has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges. The filing, dated September 2, 2026, details the company’s environmental, social, and governance performance alongside key operational metrics.

The company reported a turnover of ₹2,937.11 crore and a net worth of ₹1,847.95 crore during the reporting period. These figures form the basis for its Corporate Social Responsibility (CSR) applicability under Section 135 of the Companies Act, 2013.

Operational Footprint

Lux operates through 9 plants and 18 offices across India, serving customers in 28 states and 8 union territories. The company also exports to over 46 countries, with exports contributing 8% of total turnover. Its workforce comprises 2,199 permanent employees and 2,657 permanent workers as of the end of FY26.

Environmental Metrics

The report highlights efforts in energy efficiency and waste management:

Renewable energy consumption rose to 5,056 GJ from 3,969 GJ in the prior year, driven by solar installations totaling 1.7 MW across facilities. This capacity meets approximately 10% of the company’s total electricity demand.

What the Numbers Show

A notable divergence exists between rising energy consumption and improving intensity metrics. While total energy use increased by roughly 10% to 58,472 GJ, energy intensity per rupee of turnover declined from 20.59 GJ/crore to 19.91 GJ/crore. This suggests that revenue growth outpaced energy usage, indicating improved operational efficiency despite higher absolute consumption levels.

Social & Governance Highlights

• Employee Well-being: Health insurance covers 97% of permanent employees and workers. Accident insurance coverage stands at 38% for employees and 81% for workers.
• Safety Record: The company reported zero lost-time injuries, fatalities, or high-consequence work-related incidents for both employees and workers in FY26.
• Governance: The CSR Committee has been renamed the CSR & ESG Committee to oversee sustainability strategy. No material fines or penalties were reported during the year.