Aditya Birla Real Estate Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 30, 2025
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Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) has issued the notice for its 128th AGM scheduled on July 30, 2025 at 3:00 PM via video conferencing. The AGM will consider several key items: adoption of audited financial statements for FY25, declaration of dividend on equity shares (record date July 15, 2025; payment from August 1, 2025), and reappointment of Rajashree Birla as Director and R.K. Dalmia as Managing Director for two years from August 12, 2025. The biggest item is the proposed sale of the company's entire Pulp and Paper business (Century Pulp & Paper) to ITC Limited on a slump sale basis for a lump-sum consideration of Rs 3,498 crores on a cash-free, debt-free basis. Another key resolution seeks shareholder approval for a material related party transaction involving Birla Estates' JV with Mitsubishi Estate affiliate for project finance of up to Rs 500 crores for the Birla Evara project in Sarjapur, Bengaluru. The company has also proposed appointing a new Secretarial Auditor for five years (FY26-FY30).
The AGM outcome could be a major re-rating event for shareholders — the Rs 3,498 crore divestiture of the legacy pulp & paper business to ITC marks a decisive shift toward a pure-play real estate company and unlocks significant cash for the Aditya Birla Group's real estate ambitions. Dividend, director reappointments, and the Birla Evara project funding approval are routine but necessary for business continuity. Investors should watch the vote on the ITC deal most closely as it is transformational.