Aditya Birla Fashion and Retail Limited has informed the Exchange about General Updates
ABFRL · price
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Aditya Birla Fashion and Retail Limited (ABFRL) has shared an update on its Scheme of Arrangement with Aditya Birla Lifestyle Brands Limited (ABLBL), the resulting company. The board of ABLBL has been reconstituted with 2 Non-Executive Directors — Ms. Ananyashree Birla and Mr. Aryaman Vikram Birla (siblings from the promoter family) — and 6 Independent Directors with varied industry backgrounds (FMCG, finance, design, sports, technology, manufacturing). Two existing directors, Mr. Jagdish Bajaj and Mr. Anil Kumar Malik, have resigned from ABLBL's board effective May 20, 2025. Their resignation letters explicitly state it is 'pursuant to reconstitution of the Board of Directors of ABLBL post effectiveness of the Scheme of Arrangement,' confirming the demerger scheme has been implemented. All new appointments are subject to shareholder approval of the resulting company.
This filing confirms that the ABFRL demerger scheme has become effective, with the lifestyle brands business now housed in a separate entity (ABLBL) with an independent board. Shareholders may see a separate listing/eventual value crystallization for the resulting entity, while ABFRL stock may react to the structural change in the business.