Halonix has formed a sub-committee of the board members to consider options with regard to re-structuring of the business and operations of the company. The board at its meeting held on January 18, 2013 has approved for the same.
The options may include transferring business of General Lighting Division into a subsidiary company with an intention to achieve an eventual objective of sale of General Lighting Division as an independent operating business.
Halonix, previously known a Phoenix Lamps, was promoted in the year 1991 as an Indo- Japanese joint venture. It is counted amongst the most preferred manufacturers and suppliers of compact fluorescent lamps for general lighting and halogen lamps for automotive.
