Aditya Birla Fashion and Retail Limited has informed the Exchange regarding Notice of Annual General Meeting scheduled to be held on September 23, 2025
ABFRL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ABFRL has filed the notice for its 18th AGM to be held on Tuesday, September 23, 2025 at 3:00 p.m. via video conferencing, along with the Integrated Annual Report for FY 2024-25. Ordinary business items include adoption of audited financial statements and re-appointment of Mr. Pankaj Sood and Ms. Ananyashree Birla as directors retiring by rotation. Key special business items include: (i) appointment of M/s. BNP & Associates as Secretarial Auditor for 5 years (FY26 to FY30) at ₹2 lakh per annum, (ii) re-appointment of Ms. Sangeeta Tanwani as Whole-time Director from Feb 24, 2026 to Jan 31, 2027 with basic salary of ~₹2.05 crore plus incentives, (iii) fixing remuneration limits for Managing Director Mr. Ashish Dikshit for the remaining 2 years (Feb 2026 to Jan 2028) with annual incentive pay capped at ₹12 crore and long-term incentives up to ₹7.5 crore, and (iv) adoption of a new 'ABFRL ESOP and PSU Scheme 2025' covering up to 1,95,24,000 equity shares (1.60% of paid-up capital), extendable to subsidiary employees.
This is a routine AGM notice, but shareholders should review the MD remuneration revision (₹12 crore annual incentive cap, ₹7.5 crore LTIC cap) and the new ESOP scheme that can dilute equity by up to 1.60%. The notice also signals the operational integration post the Madura Fashion demerger, with Mr. Ashish Dikshit now heading both ABFRL and the resulting entity ABLBL, with 50% cost reimbursement.