Aditya Birla Fashion and Retail Limited 's wholly owned subsidiary, Aditya Birla Digital Fashion Ventures (TMRW), has increased its ownership in Bewakoof Brands Private Limited to 99.03% through a secondary share purchase. The acquisition of an additional 10.02% equity stake was completed on June 08, 2026, for cash consideration. This move consolidates TMRW's control over the fashion apparel entity, which reported a turnover of ₹243.12 Cr for the financial year ended March 31, 2026.

The transaction aligns with the terms of a Share Subscription and Shareholders' Agreement dated March 22, 2023, which included pre-defined milestones for increasing TMRW's stake. Prior to this acquisition, TMRW held 89.01% of Bewakoof. The target entity operates in the fashion apparel, footwear, and accessories industry, managing its business under the 'Bewakoof' brand through online and offline channels. The acquisition does not constitute a related party transaction, and no regulatory approvals were required for the completion of the deal.

Financial and Operational Details of Bewakoof

Bewakoof Brands Private Limited was incorporated in 2011 and has demonstrated consistent revenue growth over recent fiscal years. The following table summarises the key financial and operational details of the target entity.

Transaction Overview

The table below captures the key parameters of the stake acquisition transaction.

Birla Group Holdings Private Limited, the promoter of Aditya Birla Fashion and Retail Limited, has confirmed that it did not create any encumbrance on shares during the financial year ended March 31, 2026. The declaration was submitted to the stock exchanges and the company's audit committee in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to declare annually whether they, along with persons acting in concert, have made any encumbrance directly or indirectly during the financial year.

The disclosure, dated April 8, 2026, confirms that no new encumbrances were established other than those already disclosed. The filing was made on behalf of the promoters, members of the promoter group, and persons acting in concert. The submission included the Permanent Account Number (PAN) details of the promoter and promoter group entities as required by the regulation.

Key Details of the Disclosure

The letter was addressed to BSE Limited, National Stock Exchange of India Limited, and the Audit Committee of Aditya Birla Fashion and Retail Limited. Shrikant Turalkar, Company Secretary of Birla Group Holdings Private Limited, signed the disclosure.