Aditya Birla Lifestyle Brands Limited has officially announced significant changes to its key managerial personnel structure, with the Board of Directors approving a transition in the Company Secretary and Compliance Officer position during a meeting held on March 24, 2026.

Board Meeting Outcome

The Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, approved a seamless transition in the company's corporate governance leadership. The meeting was conducted on March 24, 2026, and addressed both cessation and appointment of key personnel in critical compliance roles.

Leadership Transition Details

Ms. Sonia Bhandari (Membership No.: A20650) will cease her role as Interim Company Secretary and Compliance Officer with effect from the closure of business hours on April 19, 2026. Her cessation also includes her positions as Key Managerial Personnel and Senior Management Personnel.

Mr. Rameez Shaikh (Membership No.: A24939) has been appointed as the new Company Secretary and Compliance Officer effective April 20, 2026. His appointment encompasses multiple key roles within the organization's governance structure.

Professional Background

Mr. Rameez Shaikh brings extensive experience to his new role, with over 16 years of expertise across corporate secretarial, legal, and compliance functions. He currently serves as Company Secretary & Head – Legal at Safari Industries India Ltd., a position he has held since February 2018.

Key Professional Achievements:

• Led Safari Industries India Ltd.'s listing on the NSE
• Executed private placement fund-raising initiatives
• Implemented ESOP/ESAR frameworks
• Previous experience with Raymond Limited and Cipla

Educational Qualifications:

• Company Secretary certification from the Institute of Company Secretaries of India
• Master's degree in Business Law from National Law School of India University, Bengaluru
• LLB from New Law College, Mumbai

Regulatory Compliance

The Board has authorized Mr. Shaikh to determine materiality of events and information, and to make necessary disclosures to stock exchanges under Regulation 30 of the SEBI Listing Regulations. This authorization takes effect from April 20, 2026, alongside other Key Managerial Personnel of the company.

The announcement confirms that Mr. Rameez Shaikh is not related to any Director of the company, ensuring independence in his corporate governance role. All changes have been communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements under the SEBI Master Circular.

Aditya Birla Lifestyle Brands Limited has received additional Central Tax orders imposing demands totaling ₹6.91 crore for alleged GST violations, following earlier orders worth ₹98.36 lakh disclosed in March 2026. The latest orders were issued by H.S.Govardhana Rao Assistant Commissioner, East Division-5 Bangalore-East Commissionerate, dated March 16, 2026, and received by the company on March 17, 2026.

The company disclosed this development to stock exchanges on March 19, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Similar to the previous orders, these are issued in the name of Aditya Birla Fashion and Retail Limited (ABFRL) but relate to the business that was demerged from ABFRL to the current company pursuant to a Scheme of Arrangement effective from May 1, 2025.

Latest Tax Demand Orders

The Central Tax authority has issued two new orders under Form DRC-07, addressing different GST compliance violations:

Nature of Current Violations

The two new orders address distinct GST compliance issues identified during audit and show cause notice proceedings:

• Order 325: Relates to reversal of Input Tax Credit (ITC) on inventory written off/shrinkage for FY 2019-20 to 2021-2022
• Order 324: Concerns reversal of ITC on Fixed Assets write-off for FY 2019-20 to 2022-2023

Previous GST Orders Context

These latest orders add to the company's existing GST challenges. In March 2026, the company had received three separate orders totaling ₹98.36 lakh for various GST violations including:

• Reversal of Input Tax Credit on vendor defaulter
• Claiming concessional rate and non-payment of tax on vehicle sale
• Export without payment of Integrated GST (IGST)

Company's Response and Impact

Aditya Birla Lifestyle Brands has stated that there is no impact on the company's financials, operations, or other activities due to these orders. The company believes that the demands are not tenable as per law and intends to file suitable appeals against the orders before the Appellate Authority.

The company acknowledged that the delay in disclosure was unintentional and was reported swiftly once it was brought to the notice of the appropriate company executives. This transparency ensures compliance with regulatory requirements and keeps stakeholders informed about material developments.