Material Information/Updates about the Scheme of Arrangement among Aditya Birla Fashion and Retail Limited, Aditya Birla Lifestyle Brands Limited and their respective shareholders and creditors

Scheme filed with the NCLTDemerger ratio announcedCore business divestedStrategic Transactions View source PDF Explain this filing

ABFRL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹89.10

prior close

₹87.75

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%-2.7% vs market

Speciality Retail peers, median of 14sector+0.0%-2.2% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Smallcap 250 and 2.2 pts less than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

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15m

-0.6

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.5-2.7+0.0-2.2

Next day

-1.4+0.6-2.0+0.4-1.8

-2.4+1.0-3.4-0.1-2.3

-1.9+1.5-3.4-0.7-1.2

-3.6+1.8-5.5-0.6-3.0

-1.7+2.5-4.3+0.8-2.5

-13.5+3.2-16.7+1.7-15.2

15d

-15.8+4.6-20.4+2.8-18.6

-16.4+5.9-22.3+4.4-20.8

-17.8+3.8-21.6-0.7-17.1

-7.6+1.3-8.8+0.3-7.9

UpDownMarket · Nifty Smallcap 250Sector · Speciality Retail peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aditya Birla Fashion and Retail Limited (ABFRL) has filed a Scheme of Arrangement involving the demerger of its Lifestyle Brands business (housing brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England) into a newly formed listed entity, Aditya Birla Lifestyle Brands Limited. Under the scheme, ABFRL shareholders will receive shares of the new entity in exchange, with a specific share swap ratio announced as part of the filing. The scheme has been submitted to the National Company Law Tribunal (NCLT) for approval. The restructuring is aimed at simplifying the corporate structure and unlocking value for the two distinct businesses — Lifestyle Brands and the rest of ABFRL's retail operations.

Likely market impact

Shareholders of ABFRL will directly become shareholders of both ABFRL and the new listed Aditya Birla Lifestyle Brands Limited once the scheme is effective, giving them a clearer play on each business segment. Near-term, the stock may see volatility around NCLT approvals, timelines, and the final swap ratio; long-term, value discovery could improve as both entities trade independently.