Aditya Birla Fashion and Retail Limited has informed the Exchange regarding Change in Director(s) of the company.
ABFRL · price
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Awaiting price reaction for this filing.
The Scheme of Arrangement between Aditya Birla Fashion and Retail Limited (ABFRL) and Aditya Birla Lifestyle Brands Limited (ABLBL) became effective on May 1, 2025, resulting in the demerger of ABFRL's Madura Fashion & Lifestyle (MFL) business into ABLBL as the resulting company. Mr. Vishak Kumar, previously a Whole-time Director and KMP of ABFRL, has been transferred to ABLBL along with all MFL-related employees. The Board of ABLBL has appointed Mr. Ashish Dikshit as Managing Director (while he continues as MD of ABFRL) and Mr. Vishak Kumar as Deputy Managing Director and CEO, both effective May 1, 2025, subject to regulatory approvals. Both directors are confirmed not debarred by SEBI or any other authority from holding director positions.
This is a structural event — the MFL business (one of ABFRL's core verticals housing brands like Louis Philippe, Van Heusen, Allen Solly, and Peter England) has formally moved into a separate listed entity, ABLBL. Shareholders should expect a revised business composition for ABFRL post-demerger, and the allottees of ABLBL shares will now track the standalone MFL business. Short-term stock reaction may be muted as the scheme was already known; the focus shifts to how the two entities perform independently going forward.