Aditya Birla Real Estate Limited has submitted the Exchange a copy of Scrutinizers Report of 128th Annual General Meeting held on July 30, 2025. Further, the Company has informed the Exchange regarding Voting Results.
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Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) held its 128th AGM on July 30, 2025, via video conferencing from 3:00 PM to 4:22 PM IST, where all 8 resolutions were approved by shareholders. Out of 1,10,221 shareholders on the record date (July 23, 2025), about 77% of equity was voted via remote e-voting. Key items included adoption of FY25 audited financial statements, declaration of dividend, reappointment of Rajashree Birla as Director and R.K. Dalmia as Managing Director (for 2 years from August 12, 2025), and appointment of auditors. The most significant resolution was the approval to sell the company's Pulp and Paper business on a slump sale basis, which passed with 99.59% support and also received majority backing from public shareholders (98.80%) under SEBI Regulation 37A. A material related party transaction involving Birla Estates Private Limited and Vardhita Properties Private Limited (a JV with Mitsubishi Estate affiliate) was also approved with 99.99% support, excluding related party votes.
The sale of the Pulp and Paper business marks a major strategic pivot for the company, effectively transforming it into a pure-play real estate entity and unlocking value for shareholders. Dividend approval means eligible shareholders will receive a payout for FY25, while the related party transaction approval enables continued real estate operations through the BEPL-VPPL joint venture with Mitsubishi.