Aditya Birla Fashion and Retail Limited (ABFRL) disclosed the outcome of its Board Meeting held on August 8, 2026, which commenced at 1:00 p.m. and concluded at 2:55 p.m. The disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Transaction Details
- Target Entity: Sabyasachi India Limited
- Industry: Apparel, beauty, jewellery and accessories
- Incorporation Date: July 16, 2026 (has not commenced business)
- Investment Amount: ₹5.10 crore
- Shareholding Acquired: ~51%
- Consideration Type: Cash consideration via remittance through normal banking channels
- Completion Timeline: Approximately 15 days
- Related Party Transaction: No
- Promoter/Group Interest: None
- Governmental Approvals: None required
Rationale and Impact
The transaction involves the corporatization of the Company's existing ~51% holding in Sabyasachi Calcutta LLP into a corporate entity. To commence Sabya India's operations, total capital infusion of ~₹10 crore is proposed by the Partners of Sabyasachi Calcutta LLP in proportion to their existing 51:49 holding ratio. ABFRL's investment of ₹5.10 crore represents its 51% share of this capitalization.
Background Information
Sabyasachi India Limited is a newly incorporated company under the Companies Act, 2013, effective July 16, 2026. As it has not commenced business, historical financial information (turnover, etc.) is not applicable.
The disclosure was signed by Rajeev Agrawal, Company Secretary & Compliance Officer (ACS 18877), and is available on the company's website at www.abfrl.com.
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