ABLBL: Notice of 1st Annual General Meeting and Annual Report for the FY 2024-25.
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Aditya Birla Lifestyle Brands Limited (ABLBL) has issued the notice for its 1st Annual General Meeting scheduled for September 23, 2025 at 11:30 a.m. via video conferencing, along with the Annual Report for FY 2024-25. This is the first AGM since the demerger of the Madura Fashion and Lifestyle Business from Aditya Birla Fashion and Retail Limited (ABFRL), which became effective May 1, 2025. Key agenda items include adoption of audited financial statements, appointment of Price Waterhouse & Co as Statutory Auditor (5-year term, fees of ₹1.35 crore plus taxes) and Mitesh Shah & Co as Secretarial Auditor (₹2 lakh fees for FY26), approval of remuneration for MD Ashish Dikshit (basic salary ₹1.98 crore, max annual incentive ₹12 crore) and Deputy MD & CEO Vishak Kumar (basic salary ₹1.72 crore, max incentive ₹6 crore), and adoption of the ABLBL Employee Stock Option and Performance Stock Unit Scheme 2025 covering up to 43,70,000 equity shares (0.36% of paid-up capital). The ESOP scheme will be implemented through an Employee Welfare Trust, with the company extending interest-free financial assistance up to ₹63.82 crore to the trust.
Shareholders will vote on several material items including executive remuneration packages for the top leadership and the introduction of a new ESOP scheme that could lead to minor equity dilution (0.36%). The AGM marks the formal operational commencement of the newly demerged entity, providing investors their first full-year review opportunity since the restructuring with ABFRL.