Shareholders meeting

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Youfarist hfully, FoLrUX INDUSTRIES LIMITED SmiMtias hra (CompaSneyc re&t Caorym pliaOnfficcee r) M.No: A26489 LUIXN DUSTLRIIMEIST ED PSS riTjeacnPh a_rl kQ,tF hl oDoNr5.,2 S,e ctvo,Sr a l-tKloalkk-e7a,0t0 0a9 1I,n dPi9:a1 .- 332-1420F149:,01 -332-04100,E0 i:1n fo@luxinnerwear.com RegOdff.i 3c9eK :aK lrii sThangaSo trreeK eotl,k-7 a0t00a0 I7n,d Pi9:a1 ,- 338-1252W55e,9b swiwtwe.:l uxi.ncnoemr w•e arCIN: L17309WB1995PLC073053 NAYA DAUR LUX INDUSTRIES LIMITED ANNUAL REPORT 2025-26 s Corporate overview Statutory reports 4 Corporate Snapshot 85 Corporate Information n 6 The Numbers Behind Our Journey 86 Directors’ Report 8 Vision 100 Management Discussion e And Analysis 10 Milestones t 12 Lux’s Global Presence 108 Report on Corporate Governance n 137 Business Responsibility 14 Our Chairman’s Overview And Sustainability Report o 18 Our Managing Director’s Message X 24 Our Chief Financial Officer’s Review Financial statements c 182 Standalone Accounts 28 The Complete Lux 247 Consolidated Accounts 38 Vertical A 308 Notice 52 Vertical B 64 Vertical C 72 Our Business Enablers 78 Our ESG Commitment 82 Our Board Of Directors Forward-looking statement In this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements – written and oral - that we periodically make, contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried, wherever possible to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe our assumptions have been made with prudence. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. The Annual Report has been prepared on the basis of consolidated numbers. AFTER 70 YEARS OF SHAPING INDIA’S CHOICES, LUX TURNS THE PAGE. THREE INDEPENDENT BUSINESSES. ONE SHARED DNA. THE LEGACY REMAINS ONE. THE FUTURE WILL UNFOLD IN THREE. Lux Industries Limited LUX. THROUGH THE AGES 1983 1991 “Ma, are they winning?” “The papers say India’s economy is opening up.” “Just one more wicket.” “Looks like you are too.” “Can I wear my new Lux vest?” “First job. First day.” “Quick, wear it. Kapil’s He reaches for his about to lift India’s first ironed shirt. World Cup.” “Don’t forget your Lux briefs.” 2 | Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements LUX. THROUGH THE AGES India grew. So did we. 2008 2014 2023 “Did you hear India won “India has reached Mars.” “Chandrayaan really an Olympic gold?” landed near the Moon’s “And you’re worried about south pole?” “Yes! Our first individual Mussoorie.” one.” “It did.” “I’ve packed everything.” She reaches for her Lux “So tomorrow, it’s your His wife slips a Lux thermal T-shirt, laces still in hand. turn.” into the suitcase. “Coach won’t wait.” Her grandmother tucks Lux “You’ll thank me tomorrow nightwear into the suitcase. “Then neither should morning.” you.” “Everything packed?” “Did not forget it.” “Good. Home should travel with you.” Annual Report 2025-26 | 3 INDUSTRIES LIMITED. GOOD PRODUCTS EARN CUSTOMERS. GREAT BRANDS BECOME HABITS. LUX. MADE FOR EVERYDAY LIFE. EVERY BRAND. DISTINCT. EVERY PRODUCT. RELEVANT. EVERY MARKET. EXPANDING. Lux Industries Limited 4 | Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements Legacy Leadership The Lux journey Chairman Mr. Ashok Kumar Todi and Vision began in 1957 with Managing Director Mr. Pradip Kumar Todi To keep creating new benchmarks for the establishment of bring over five decades of experience quality and comfort, the two fundamentals Biswanath Hosiery across sales, marketing, branding and that lay the foundation of our Company Mills by Mr. Girdhari product development. The Company is and take it to the epitome of success while Lal Todi. In 1995, also witnessing a seamless generational striving to become a complete apparel Mr. Ashok Kumar transition, with Mr. Navin Kumar Todi, Mr. Todi and Mr. Pradip company. Rahul Kumar Todi, Mr. Saket Todi and Mr. Kumar Todi founded Lux Industries Udit Todi playing active leadership roles. Mission Limited. Since then, To be recognised as the Indian hosiery & the Company has People apparel company globally and to drive the transformed into one A passionate workforce of 4,800+ employees industry towards sustainable growth and of India’s leading drove the Company’s growth in FY 2025-26. development. branded innerwear As on March 31, 2026, the average employee and apparel age was 35–40 years, reflecting a blend of companies. experience and youthful energy. Production Credit profile One of India’s largest Values During the year under review, the Company’s hosiery manufacturing ƒ To ensure absolute satisfaction and networks, with an creditworthiness was reaffirmed in its maximum comfort for every consumer annual production ACUITE AA (Stable) long-term credit rating through the creation of top-notch quality capacity of 44+ Cr and ACUITE A1+ (Stable) short-term rating. products. garment pieces across nine Brands ƒ Continuously innovating our production strategically located methods through sustained innovation and A portfolio of 10+ brands and 100+ products manufacturing rigorous quality control practices. caters to men, women and children across facilities in West multiple price points, age groups, regional ƒ Creating new businesses while prioritizing Bengal (Dankuni, preferences and seasons, with comfort, customer satisfaction drives our economic Jagadishpur - Hosiery engine. Park, and Sankrail innovation and value at the heart of every Industrial Park), offering. ƒ Lux Industries Limited is committed to Tamil Nadu (Tiruppur upholding the highest ethical standards and Avinashi), Quality and transparency in all dealings and Punjab (Ludhiana), transactions. Manufacturing excellence is reinforced and Uttar Pradesh by ISO 9001:2015 certification for Quality ƒ The Company ensures the highest level of (Ghaziabad), enabling Management System. The Go [Showing first 8,000 characters — download PDF for full document]