Nature of the Event

Aditya Birla Fashion and Retail Limited (ABFRL) has disclosed the incorporation of a step-down subsidiary through its existing subsidiary Sabyasachi India Limited (SIL). Sabyasachi Retail FZ-LLC has been incorporated as a wholly owned subsidiary of SIL in Ras Al Khaimah, United Arab Emirates.

Key Quantitative Figures

  • Authorized Capital: 3,458 shares of par value AED 1,000 each (Total: AED 3,458,000)
  • Paid-up Capital: 3,458 shares of par value AED 1,000 each (Total: AED 3,458,000)
  • Ownership: 100% of the paid-up share capital held by Sabyasachi India Limited
  • Consideration: Initial share subscription at par value in cash

Parties Involved

  • Parent Company: Aditya Birla Fashion and Retail Limited (ABFRL)
  • Immediate Parent: Sabyasachi India Limited (SIL), subsidiary of ABFRL
  • New Entity: Sabyasachi Retail FZ-LLC, Ras Al Khaimah, UAE

Business Objectives and Impact

The new subsidiary has been incorporated with the objective of dealing in designer apparels, jewellery and accessories in Ras Al Khaimah, United Arab Emirates. The industry classification is apparel, beauty, jewellery and accessories.

Regulatory and Transaction Details

  • Regulatory Reference: Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Related Party Status: The subscription does not fall within the definition of Related Party Transaction
  • Promoter Interest: None of the promoter/promoter group/group companies have any interest in the initial subscription
  • Government Approvals: Not applicable for this incorporation
  • Timeframe: Not applicable (already completed)

Financial and Operational Status

  • Turnover: Not applicable as it is a newly incorporated company
  • Historical Performance: Not applicable as the entity was just incorporated
  • Country of Operation: United Arab Emirates (Ras Al Khaimah)

Corporate Structure Impact

The incorporation creates a new step-down subsidiary structure: ABFRL → Sabyasachi India Limited → Sabyasachi Retail FZ-LLC (100% ownership chain).