Aditya Birla Fashion & Retail has announced comprehensive leadership changes following its board meeting held on March 24, 2026, implementing strategic succession plans across key business divisions and corporate functions under Regulation 30 of SEBI listing requirements.

Board Meeting Outcomes and Leadership Transitions

The Board of Directors approved significant management appointments based on recommendations from the Nomination and Remuneration Committee, establishing clear succession timelines for critical leadership positions. The board meeting commenced at 12:00 noon and concluded at 12:46 p.m.

Pantaloons Leadership Succession

Suraj Bahirwani's appointment as CEO-Designate of Pantaloons represents a strategic internal promotion. With over two decades of experience across the Aditya Birla Group, Bahirwani began his career as Group Management Trainee in 2002 and has held key positions including COO-Pantaloons and Head-Global Sales at Cellulosic Fibres.

Bahirwani holds a Ph.D. from Mumbai University, a Post Graduate Diploma in Management from S.P. Jain Institute of Management & Research, and is a Chartered Accountant. He has received multiple Chairman's Awards, including Distinguished Achiever (2009), Exceptional Contributor (2015), Accomplished Leader (2022), and the Value Leader Award (2014).

Sangeeta Tanwani, the outgoing CEO-Pantaloons and Whole-time Director, will oversee a phased leadership transition until September 30, 2026, before serving as Advisor on strategic matters until her retirement on January 31, 2027.

Marco Agnolin's International Expertise at OWNDR!

Marco Agnolin brings over 30 years of global fashion retail leadership to his role as CEO of OWNDR!. His extensive background includes building Zara's presence in Italy during his tenure with the Inditex Group, serving as CEO of both Bershka and Diesel brands, and leading key strategic initiatives across major international fashion retailers.

Agnolin's appointment reflects the company's commitment to leveraging international best practices and expertise in expanding its fashion retail portfolio.

Financial Leadership Enhancement

Nikhil Modha's appointment as CFO-Designate strengthens the company's financial leadership capabilities. With 26 years of experience and 11 years within the Aditya Birla Group, Modha currently serves as President-Corporate Finance at Aditya Birla Management Corporation.

His expertise encompasses large-scale M&A transactions, capital raising initiatives, and complex restructuring projects across cement acquisitions, telecom consolidation, and renewable energy sectors. He has been recognized with the Exceptional Contributor Award for Functional Excellence (2019). Jagdish Bajaj, the outgoing CFO, will facilitate the transition until his retirement on December 31, 2026.

Strategic Organizational Development

These appointments demonstrate systematic succession planning and organizational strengthening across the company's diverse fashion and retail portfolio. The regulatory filing under SEBI Master Circular requirements formalizes these strategic leadership changes that position the company for continued growth and operational excellence in the competitive fashion retail market.

Aditya Birla Fashion & Retail has published a newspaper advertisement informing investors about the Securities and Exchange Board of India's (SEBI) special window for re-lodgement of physical share transfer requests. The company issued the notice on March 17, 2026, in compliance with regulatory requirements under Regulation 30.

SEBI Special Window Details

SEBI had discontinued the transfer of physical shares from April 1, 2019. However, following an earlier special window from July 7, 2025 to January 6, 2026, SEBI has opened another special window for investors who missed the previous deadline.

Eligibility Criteria

The special window is specifically for physical share transfer requests that were originally lodged before April 1, 2019 but were returned due to deficiencies in documentation. One of the mandatory requirements is the submission of original share certificates.

Exclusions and Processing

Certain cases will not be considered under this special window, including disputes between transferor and transferee, and securities already transferred to the Investor Education and Protection Fund (IEPF).

All shares re-lodged during this period will be processed through the transfer-cum-demat route, meaning securities will be issued only in dematerialised form after transfer and will be subject to a lock-in period of one year from the date of dematerialisation.

Contact Information

Shareholders requiring clarification can contact the company or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, at C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083. The company has also advised shareholders holding physical securities to update their KYC details and convert their holdings to dematerialised form.

Regulatory Compliance

The newspaper advertisements were published in Business Standard (English - All Editions) and Navshakti (Mumbai Edition in Marathi). The notice and related documents are also available on the company's website at www.abfrl.com . The company submitted the advertisement copies to BSE Limited (Scrip code: 535755) and National Stock Exchange of India Limited (Symbol: ABFRL) for regulatory compliance.