Our Company was incorporated as a public limited company under the Companies Act, 2013 with the name ÂAditya Birla Lifestyle Brands Limited and a certificate of incorporation dated April 9, 2024 was issued by the Registrar of Companies, Central Registration Centre. Pursuant to the effectiveness of the Scheme the Demerged Company comprising MFL business of Aditya Birla Fashion and Retail Limited was demerged from Aditya Birla Fashion and Retail Limited into our Company on a going concern basis and in consideration, our Company issued New Equity Shares to the shareholders of Aditya Birla Fashion and Retail Limited, in accordance with the provisions of the Scheme and on the basis of the share entitlement ratio set out therein. MAJOR EVENTS AND MILESTONES: 2024 - Incorporation of the Company 2025 - Demerger, transfer and vesting of the Demerged Undertaking from Aditya Birla Fashion and Retail Limited into the Company on a going concern basis pursuant to the Scheme. |
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