Lux Industries held a press conference on August 21, 2026 to address allegations regarding its proposed capital expenditure expansion at Dankuni. The company denied claims of procedural irregularities and confirmed it has issued a defamation notice.

The meeting included Mrs. Vandana Yadav, Principal Secretary of Industry and Commerce for West Bengal, alongside company leadership. Officials clarified that all necessary due diligence and statutory approvals were completed before the foundation stone-laying ceremony held on July 11, 2026.

Project Details and Allegations

The proposed expansion involves a total project cost of approximately ₹600 crore. The plan includes roughly 12 lakh square feet of additional manufacturing and allied infrastructure. The company stated the project is expected to generate significant employment opportunities.

Allegations raised by Kunal Ghosh on August 20, 2026 suggested the land was previously designated only for warehouse use and lacked requisite environmental clearances for industrial production. Ghosh questioned whether the factory plan had been approved and if the land use conversion was lawful.

Company Response

Lux Industries categorically denied these claims. The company asserted that it obtained valid conversion certificates from competent authorities in 2024 to change the land status to "Factory." It emphasized that the documents cited by the accuser pertained to an unrelated land parcel and entity.

The company also clarified that the July 11 event was a ceremonial foundation stone-laying, not an inauguration of operations. It maintained that all stagewise permissions and certifications required for the project are in place.

Legal Action

The company issued a legal notice demanding the removal of defamatory content from social media platforms within 72 hours. The notice accused the individual of spreading false information to adversely affect shareholder confidence and share prices. Lux Industries reserved the right to initiate civil or criminal proceedings if the demands were not met.

Lux Industries has fixed Friday, September 18, 2026, as the record date for the final dividend for the financial year ended March 31, 2026. The company will pay a final dividend of ₹2 per fully paid-up equity share of face value ₹2 (i.e., 100%).

The payout is subject to approval by members at the 31st Annual General Meeting (AGM), scheduled for Friday, September 25, 2026, at 11:00 am through Video Conferencing or Other Audio-Visual Means. The Register of Members and Share Transfer Book will remain closed from Saturday, September 19, 2026, to Friday, September 25, 2026.

Corporate Action Details

Dividends will be paid electronically only to members who have updated their bank account details. Pursuant to amendments in SEBI Listing Regulations effective November 19, 2025, the company cannot pay dividends via physical instruments to shareholders with unupdated bank details. Tax Deducted at Source (TDS) will be applicable as per the Income Tax Act, 2025.

E-Voting and Participation

Members holding shares as on the record date can cast votes remotely via electronic voting. Login credentials for e-voting and attending the AGM will be sent via email. Physical shareholders are requested to update KYC and bank details with the Registrar and Share Transfer Agent, KFin Technologies Limited, to ensure uninterrupted service and dividend credit.

The intimation was issued pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Smita Mishra, Company Secretary and Compliance Officer, signed the disclosure on August 21, 2026.