1. Cessation and Redesignation of Ms. Sangeeta Tanwani
Event: Ms. Sangeeta Tanwani will cease to be the Whole-time Director and CEO-Pantaloons of the company.
Effective Date: Close of business hours on July 31, 2026.
Reason: An internal movement within the Aditya Birla Group. She will transition into a new role within the group.
Current Duties: She will continue to discharge her duties in the current role until the closure of business hours on July 31, 2026.
2. New Appointment of Ms. Sangeeta Tanwani
New Role: Non-Executive Non-Independent Director.
Effective Date: August 1, 2026.
Term: A period of 2 years, i.e., up to July 31, 2028.
Status: Liable to retire by rotation.
Approval: The appointment is subject to the approval of the shareholders of the company.
Rationale: The Nomination and Remuneration Committee (NRC) and Board considered it appropriate to continue benefiting from her deep knowledge of the Pantaloons business and ensure strategic continuity at the Board level.
3. Appointment of Mr. Suraj Bahirwani
New Role: CEO - Pantaloons and Senior Management Personnel (SMP).
Revised Effective Date: August 1, 2026 (advanced from the previously approved date of October 1, 2026).
Background: His appointment was initially approved by the Board on March 24, 2026.
Director Profile and Disclosures (Annexure A)
Brief Profile: Ms. Sangeeta Tanwani has over three decades of leadership experience across FMCG, Retail, and pharmaceuticals. Since joining the company in 2018, she led a strategic transformation of Pantaloons, strengthening brand positioning, product portfolio, and retail experience. She adopted a capital-light model and spearheaded the company's entry into the deep-value fashion segment, building the Style Up brand (transformed into OWND!, a youth-focused brand).
Relationships: Confirmed that she is not related to any existing Directors, Key Managerial Personnel, or Promoters of the company.
Regulatory Status: Confirmed that she is not debarred from holding the office of a director by any order of SEBI or any other authority.
Governance Process
The decisions were approved by the Nomination and Remuneration Committee (NRC) and the Board of Directors on June 15, 2026.
The company's Board placed on record its sincere appreciation for Ms. Tanwani's outstanding contributions during her tenure.
Additional Information
Company Identification: CIN L18101MH2007PLC233901.
The disclosure has been made available on the company's website (www.abfrl.com).
The letter was signed by Rajeev Agrawal, Company Secretary & Compliance Officer (ACS 18877).
