ABFRL Completes Demerger from Aditya Birla Lifestyle Brands

Aditya Birla Fashion and Retail Limited (ABFRL) has concluded its demerger process with Aditya Birla Lifestyle Brands Limited (ABLBL), a major reorganisation move between the Aditya Birla Group companies.

Equity Allotment to Shareholders

On 26th May 2025, the Board of Directors of ABLBL approved the allotment of 1,22,02,94,773 fully paid-up equity shares of face value ₹ 10 each to the existing equity shareholders of ABFRL on the record date of 22nd May 2025.

Cancellation of Pre-Scheme Capital

In accordance with the scheme, ABLBL has also cancelled its entire pre-Scheme paid-up capital of 50,000 equity shares, which were wholly held by ABFRL. This cancellation aligns with the transition from a wholly owned subsidiary structure to an independent entity.

Preference Shares Issued

Further, 5,55,000 Non-cumulative Non-convertible redeemable preference shares (8%) have been issued to Birla Management Centre Services Pvt Ltd as per clause 4.2.16 of the Scheme.

Listing Status

ABLBL is set to initiate the process for listing its equity shares on Indian stock exchanges. However, these shares will remain frozen until listing and trading approvals are secured from the exchanges.

Strategic Implications

Upon this issuance and transfer, Aditya Birla Lifestyle Brands Limited is no longer a 100% subsidiary of ABFRL, with effect from the date of this transfer, May 26, 2025. This reorganization is intended to simplify business operations and deliver shareholder value at and between the two companies.

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REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/70410296-f4a4-4e7c-a8c9-ad2ecfe4c1ff.pdf