Aditya Birla Fashion and Retail Limited (ABFRL) — Board Meeting | 8 August 2026(2 announcements)

Aditya Birla Fashion and Retail announced the board approved corporatizing Sabyasachi Calcutta LLP into Sabyasachi India Limited, investing ~₹5.10 crore for ~51% equity. The new subsidiary will operate in apparel, beauty, jewellery and accessories. The transaction requires no regulatory approvals and is expected to complete within ~15 days. This move strengthens ABFRL's luxury portfolio and positions it for future growth in the Indian designer market.

The Board of Directors of Aditya Birla Fashion and Retail Limited approved the introduction and adoption of the Aditya Birla Fashion and Retail Limited Employee Stock Option Scheme 2026 (ABFRL ESOP Scheme 2026) during its meeting on August 8, 2026. The scheme permits the issuance of up to 3,12,95,000 stock options, representing approximately 2.5% of the paid-up equity share capital on a fully diluted basis. These options will be granted to eligible employees under the SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021, with an exercise price set at or above face value but not exceeding fair market value on the grant date. The options will vest after a minimum one-year period and remain exercisable for up to five years from vesting. The scheme will be administered by the Nomination and Remuneration Committee, which will function as the Compensation Committee for the plan. The approval is subject to shareholder ratification at a future meeting.