Aditya Birla Fashion and Retail Limited has informed the Exchange about Material Information/Updates about the Scheme of Arrangement among Aditya Birla Fashion and Retail Limited ( Demerged Company/Company ), Aditya Birla Lifestyle Brands Limited ( Resulting Company ) and their respective shareholders and creditors
ABFRL · price
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Awaiting price reaction for this filing.
Aditya Birla Fashion and Retail Limited (ABFRL) has shared an update about the ongoing Scheme of Arrangement, under which its Lifestyle Brands business is being demerged into a separate entity called Aditya Birla Lifestyle Brands Limited (ABLBL). In this filing, ABLBL (the resulting company) has appointed Mr. Dharmendra Lodha as its Chief Financial Officer effective May 15, 2025. Lodha is a Chartered Accountant with over 17 years of experience in consumer and retail finance, previously serving as SVP-Finance at Pidilite Industries. ABLBL has also appointed Mr. Rajeev Agrawal as Company Secretary and Compliance Officer. Agrawal is a Company Secretary and law graduate with 20+ years of experience, including 14 years within the Aditya Birla Group, and was previously VP at ABFRL. These appointments signal that ABLBL is being operationalized ahead of the demerger becoming effective. Earlier intimations on the scheme were made on April 23, 2025 and May 1, 2025.
This is a procedural update confirming progress on the ABFRL-ABLBL demerger scheme. The appointment of a full leadership team at the resulting company suggests the demerger is moving closer to completion, which could lead to a separate listing of ABLBL and unlock value for ABFRL shareholders. No immediate impact on share price is expected from KMP appointments alone, but investors should watch for the next key milestone — the demerger ratio and NCLT approval.