Aditya Birla Lifestyle Brands Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 23, 2025
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Aditya Birla Lifestyle Brands Limited held its 1st Annual General Meeting on September 23, 2025, via video conferencing from 11:30 AM to 12:31 PM, where all 9 resolutions were passed with the required majority. Out of 1,215,983,784 total shares, 980,646,894 votes were polled (80.65% turnout), including 100% participation from promoters. Routine resolutions — adoption of FY25 audited financial statements, re-appointment of Mr. Vishak Kumar as Director, appointment of Price Waterhouse & Co as statutory auditor, and appointment of Mitesh Shah & Co as secretarial auditor — passed with over 99.98% approval. Remuneration approvals for Managing Director Mr. Ashish Dikshit (2-year term) and Deputy MD & CEO Mr. Vishak Kumar (3-year term) also sailed through with 99.99% support. However, the three resolutions related to the new ESOP and Performance Stock Unit Scheme 2025 (adoption, extension to subsidiaries, and trust route implementation) saw meaningful dissent, with about 4.1% of total votes against — almost entirely from public institutional investors (around 10.8% dissent from that category).
All business at the first AGM was cleared, confirming smooth post-demerger governance for the newly listed entity. The notable institutional pushback on the ESOP scheme is worth tracking, as it could signal shareholder concern about potential dilution and may draw attention in future investor discussions.