Aditya Birla Fashion and Retail has made a public announcement regarding the Scheme of Arrangement between Aditya Birla Fashion and Retail Limited (Parent Company or Demerged Company) and Aditya Birla Lifestyle Brands Limited (Child Company or Resulting Company). This Scheme of Arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench on March 27, 2025. For the purpose of this corporate action, Thursday May 22, 2025 has been fixed as the record date.
As per the Scheme of Arrangement, 1 (one) equity share of Aditya Birla Lifestyle Brands Limited of ₹10 each fully paid-up will be issued for every 1 (one) equity share of Aditya Birla Fashion and Retail Limited of ₹10 each fully paid-up. In other words, if you held 100 shares of Aditya Birla Fashion and Retail Limited as on the record date, you will receive 100 shares of Aditya Birla Lifestyle Brands Limited.
The resulting company Aditya Birla Lifestyle Brands Limited is currently unlisted, but you can see these shares in the unlisted section of your portfolio upon credit of shares into your demat account. Trading will be possible once the company applies for listing. Your portfolio will be updated with the adjusted price of existing shares of Aditya Birla Fashion and Retail Limited and the new shares of Aditya Birla Lifestyle Brands Limited once the Cost of Acquisition (COA) is declared by company.
What do you think about this order by the NCLT? Feel free to use this thread to discuss.