Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Lux Industries has informed that sale executed by the promoter group of Company is a part of strategic disinvestment process undertaken by the promoters. The sale would advance the progress of proposed scheme of amalgamation providing merger of J.M. Hosiery & Co. & Ebell Fashions with Lux Industries and their respective shareholders approved on June 26, 2018 by the board of Directors of respective Companies.
The above information is a part of company’s filings submitted to BSE.
