Aditya Birla Fashion and Retail Limited (ABFRL) disclosed that its wholly owned subsidiary, Aditya Birla Digital Fashion Ventures Limited (ABDFVL), acquired an additional 15.62% equity stake in its subsidiary Imperial Online Services Private Limited (Imperial) on September 17, 2026.
Pursuant to this acquisition, Imperial has become a wholly owned subsidiary of ABDFVL and consequently a step-down wholly owned subsidiary of ABFRL.
Key Details of the Transaction:
Target Entity: Imperial Online Services Private Limited
- Industry: Fashion, apparel and accessories
- Paid-up Equity Share Capital: ₹1,29,66,890 (Rupees One Crore Twenty-Nine Lakh Sixty-Six Thousand Eight Hundred and Ninety)
- FY26 Turnover: ₹119.38 crore
- Date of Incorporation: 2012
Transaction Structure:
- The acquisition was completed as per the terms of the Share Subscription and Shareholders' Agreement dated July 11, 2022
- Consideration: Cash
- Regulatory Approvals: None required
- Transaction Status: Completed on September 17, 2026
Ownership Impact:
- ABDFVL's holding in Imperial increased from 84.38% to 100%
- The transaction does not qualify as a Related Party Transaction
- No promoter/promoter group/group companies have any interest in this acquisition
Business Background of Imperial:
- Engaged in manufacturing, marketing, and distribution (both online & offline) of fashion apparel under the brand 'Urbano'
- Historical turnover:
- FY26: ₹119.38 crore
- FY25: ₹77.93 crore
- FY24: ₹66.78 crore
Regulatory References:
- Disclosure made under Regulation 30 of SEBI Listing Regulations
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
The disclosure was signed by Rajeev Agrawal, Company Secretary & Compliance Officer (ACS 18877), and is available on the company's website www.abfrl.com.