Lux Industries Limited at its board meeting held on 30 May 2023, appointed Mr. Ajay Nagar as Chief Financial Officer and Key Managerial Personnel of the Company with effect from 30 May 2023 as per the provisions of Section 203 of the Companies Act, 2013 read with its applicable Rules and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Ajay Nagar is a Member of Institute of Chartered Accountants of India, with close to two decades of varied experience in Corporate Finance, Accounting, Budgeting, Treasury, Due Diligence, Business Partnering, Investor Relations, Financial Planning & Analysis, Fundraising and Audit. He is a strong finance professional also skilled at procurement & commercial negotiations, pricing & commercial construct, growth and profitability drive, investment analysis & decision making.

Prior to joining Lux Industries Limited, he was associated with VIP Industries Limited, (Bangladesh) as Finance Controller where he has been instrumental in the growth path through strong business and financial model well supported by operational excellency. Prior to this role, he has held various leadership positions with Companies like Bliss Dairy Fresh, Essar Group (Mauritius), Videocon Industries Ltd. (Europe & India), Times Group & TCS Ltd.