Aditya Birla Fashion & Retail has incorporated a step-down subsidiary in the United Arab Emirates to expand its designer fashion footprint. The new entity, Sabyasachi Retail FZ-LLC, was registered in Ras Al Khaimah on September 16, 2026.

The incorporation was executed by Sabyasachi India Limited (SIL), a wholly owned subsidiary of Aditya Birla Fashion & Retail. SIL holds 100% of the paid-up share capital of the new UAE entity. The move aligns with the company’s strategy to scale its premium lifestyle brands internationally.

Entity Details

Sabyasachi Retail FZ-LLC is structured as a free zone limited liability company. The authorized capital stands at 3,458 shares with a par value of AED 1,000 each. The paid-up capital matches this amount, indicating full initial subscription.

Strategic Objective

The primary objective of Sabyasachi Retail FZ-LLC is to deal in designer apparels, jewellery, and accessories within the UAE market. The filing confirms that the subscription does not constitute a related party transaction under SEBI Listing Regulations. No promoter or group company holds an interest in the initial equity stake beyond the corporate structure.

The consideration for the acquisition was subscribed in cash at par value. As a newly incorporated entity, the turnover is not applicable. No governmental or regulatory approvals were required for this specific incorporation step.

Aditya Birla Fashion & Retail shareholders approved all four resolutions at its 19th Annual General Meeting held on August 25, 2026. The voting process concluded with unanimous support for adopting financial statements and key board appointments.

The meeting, conducted via video conferencing, saw high participation from institutional investors. Promoter and promoter group shareholders cast votes on all their holdings, representing 568,911,129 shares. Public institutional investors polled 90.09% of their shares, while public non-institutional investors polled 6.80%.

Resolution Outcomes

All ordinary resolutions passed with requisite majorities. The key outcomes included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Reappointment of Aryaman Vikram Birla as Non-Executive Director.
• Reappointment of Price Waterhouse & Co Chartered Accountants LLP as statutory auditors.
• Re-designation of Sangeeta Tanwani as Non-Executive Non-Independent Director.

Voting Breakdown

The scrutinizer’s report noted that 3,734,684 equity shares held by the Employee Benefit Trust were excluded from voting calculations as per SEBI regulations. Remote e-voting occurred between August 21 and August 24, 2026, with additional voting conducted during the meeting.