Aditya Birla Fashion and Retail Limited informed that the Company has incorporated a new company viz. Aditya Birla Lifestyle Brands Limited vide Certificate of Incorporation dated April 9, 2024 issued by the Ministry of Corporate Affairs, Government of India. ABLBL is incorporated on April 9, 2024 and is yet to commence business.

Industry to which the entity being acquired belongs: Textile, Apparel & Luxury Goods industry. ABLBL has been incorporated for the purpose of proposed demerger of Madura Fashion and lifestyle business of the company, becoming the resulting company pursuant to implementation of proposed demerger post receipt of Board and other necessary statutory and customary approvals. Consideration - whether cash consideration or share swap or any other form and details of the same: 100% initial subscription to the share capital in cash by ABFRL Date of Incorporation: April 9, 2024 and yet to commence its business operations; Turnover of Last Three years: Not Applicable; Country: India.