Aditya Birla Fashion & Retail has re-designated Sangeeta Tanwani as a Non-Executive Non-Independent Director to ensure continuity in strategic guidance at the Board level following her transition to a new role within the Aditya Birla Group. Tanwani, who currently serves as Whole-time Director and CEO-Pantaloons, will relinquish her executive position effective the close of business hours on July 31, 2026. The Board approved her re-designation for a period of two years, commencing August 1, 2026, and ending July 31, 2028, subject to shareholder approval.

The Nomination and Remuneration Committee (NRC) and the Board of Directors recommended the appointment to leverage Tanwani's deep knowledge of the Pantaloons business. She brings over three decades of leadership experience across FMCG, retail, and pharmaceuticals. Since joining the company in 2018, she led the strategic transformation of Pantaloons, strengthening its brand positioning and adopting a capital-light model. She also spearheaded the company's entry into the deep-value fashion segment, building the Style Up brand and transforming it into OWND!.

Consequent to these changes, the Board advanced the date of appointment for Suraj Bahirwani as CEO-Pantaloons and Senior Management Personnel. Bahirwani will now assume the role on August 1, 2026, advanced from the previously approved date of October 1, 2026. The decision was based on the recommendation of the NRC.

The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Tanwani is not related to any existing directors, key managerial personnel, or promoters and is not debarred from holding the office of director by SEBI or any other authority.

Key Appointments

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.