Aditya Birla Fashion & Retail Limited has announced the immediate resignation of Mr. Pankaj Sood from his position as Non-Executive Nominee Director, effective April 2, 2026. The company communicated this development to stock exchanges in compliance with regulatory requirements under SEBI Listing Regulations.

Resignation Details and Regulatory Filing

The resignation was formalized through proper regulatory channels, with the company filing the necessary documentation with BSE Limited (Scrip code: 535755) and National Stock Exchange of India Limited (Symbol: ABFRL). The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for Departure

In his resignation letter addressed to the Board of Directors, Mr. Sood cited increased professional responsibilities and commitments requiring significantly more time as the primary reason for his decision to step down. The resignation letter was dated April 2, 2026, and the cessation took effect immediately upon submission.

Director's Acknowledgment and Gratitude

Mr. Sood expressed appreciation for his tenure with the company, stating it had been a privilege to serve ABFRL during his time on the Board. He acknowledged the valuable experiences and insights gained while working alongside the esteemed members of the Board and the management team. The departing director extended gratitude to the Chairman, fellow Board members, and leadership team for their support and collaboration.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory obligations by providing comprehensive documentation as required under SEBI Master Circular. Company Secretary & Compliance Officer Rajeev Agrawal signed the regulatory filing, ensuring all procedural formalities were completed in accordance with SEBI requirements.

Key compliance elements:

• Formal intimation to stock exchanges
• Complete resignation letter disclosure (Annexure B)
• Brief details of resignation (Annexure A)
• Website publication at www.abfrl.com

The documentation includes detailed annexures and has been made available on the company's official website for stakeholder access and transparency.

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.