Aditya Birla Fashion and Retail Limited has completed the acquisition of additional shares in its subsidiary, Indivinity Clothing Retail Private Limited (ICRPL), the parent entity of ethnic wear brand Tasva. The company acquired 3,65,19,197 equity shares through a rights issue for a total consideration aggregating to approximately ₹175 crore on May 20, 2026.

Transaction Details

Pursuant to the allotment, the holding of Aditya Birla Fashion and Retail Limited in ICRPL increased from 85.54% to 89.29%. The acquisition was funded through cash consideration via normal banking channels. The transaction does not fall within the ambit of related party transactions, although ICRPL is a related party. No governmental or regulatory approvals were required for the completion of this acquisition.

About Indivinity Clothing Retail

ICRPL operates in the apparel and accessories sector, running a bespoke ethnic wear business. It sells occasion and ceremonial contemporary apparel for men under the brand name "Tasva". The entity was incorporated on March 3, 2021.

Financial Performance

The target entity reported a turnover of ₹144.24 crore for the Financial Year 2024-25, with a total paid-up share capital of ₹104.34 crore. The turnover for the preceding three years reflects a consistent growth trajectory.

Strategic Rationale

The capital raised by ICRPL from its parent entities is intended to support its fund requirements towards growth and business operations. The investment strengthens the parent company's control over the subsidiary, which operates in the ethnic wear segment.

Aditya Birla Fashion & Retail Limited has informed shareholders about the opening of a special window for the re-lodgement of transfer requests of physical shares. This initiative follows a Securities and Exchange Board of India (SEBI) circular dated January 30, 2026, which facilitates investors who missed previous deadlines to update their shareholdings.

Special Window Details

The special window is open for a period of one year, commencing on February 5, 2026, and concluding on February 4, 2027. This facility is specifically designed for transfer requests that were originally submitted before April 1, 2019, but were returned or rejected due to documentation deficiencies. SEBI had previously discontinued the transfer of physical shares from April 1, 2019, but provided this subsequent opportunity to assist investors.

Eligibility Criteria

To be eligible for re-lodgement under this special window, shareholders must meet specific conditions regarding the execution date of the transfer deed and the availability of the original security certificate. The company has outlined the following scenarios to determine eligibility:

The company clarified that cases involving disputes between the transferor and transferee, or securities that have been transferred to the Investor Education and Protection Fund (IEPF), will not be considered under this special window.

Processing and Lock-in Period

All shares re-lodged during this period will be processed through the transfer-cum-demat route. Consequently, the securities will be issued only in dematerialised (demat) form after the transfer is completed. Shareholders should note that these securities will be subject to a lock-in period of one year from the date of dematerialisation.

Shareholder Action Required

Shareholders holding physical shares are encouraged to take advantage of this opportunity by submitting the requisite documents to the company's Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited. The company has also advised shareholders to update their KYC details and convert their physical shareholdings into dematerialised form to eliminate risks associated with physical certificates.