Aditya Birla Real Estate has completed the slump sale of its Pulp and Paper undertaking to ITC Limited, marking the finalization of a strategic divestiture approved by shareholders last year. The transaction, which transferred the business operated under the name 'Century Pulp and Paper' along with its assets, liabilities, contracts, and employees, was officially closed on August 1, 2026. This move allows the company to streamline its operations and focus on its core real estate portfolio.

The completion follows shareholder approval granted on July 30, 2025, and aligns with the terms of the Business Transfer Agreement dated March 31, 2025, entered into between Aditya Birla Real Estate Limited and ITC Limited. The company had previously intimated the market about the proposed transaction on March 31, 2025, and December 17, 2025.

Transaction Details

The sale was executed on a slump sale basis, meaning the entire undertaking was transferred as a going concern rather than through individual asset sales. The transfer includes all associated operational elements, ensuring continuity for the business under its new ownership.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Atul K. Kedia, Joint President (Legal) & Company Secretary of Aditya Birla Real Estate Limited, and submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

What the Numbers Show

While no financial consideration was disclosed in this specific filing, the structural impact is significant. By offloading the Pulp and Paper segment, Aditya Birla Real Estate simplifies its corporate structure. The absence of detailed financial metrics in the completion notice suggests the primary material fact for investors is the operational closure of the deal rather than immediate financial restatement, which may follow in subsequent quarterly results.

Aditya Birla Real Estate shareholders approved all five ordinary resolutions at its 129th Annual General Meeting held on July 27, 2026. The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), ratified the audited financial statements for FY26, declared equity dividends, reappointed Kumar Mangalam Birla as Director, and appointed statutory auditors for a five-year term. These proceedings ensure governance continuity and regulatory compliance for the real estate developer.

The AGM commenced at 3:00 P.M. IST and concluded at 4:30 P.M. IST, chaired by Kumar Mangalam Birla, Chairman of the Board. Out of 98,520 shareholders on the record date of July 20, 2026, 106 attended virtually — comprising three from the promoter group and 103 public shareholders. The e-voting process was scrutinized by Gagan B. Gagrani of Gagrani and Gagan, appointed under Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Resolutions Passed

All agenda items were passed with requisite majority through remote e-voting and electronic voting during the meeting. The voting window for remote e-voting ran from July 22, 2026, at 9:00 A.M. IST to July 26, 2026, at 5:00 P.M. IST. Votes were unblocked on July 27, 2026, in the presence of two independent witnesses.

Governance and Leadership

A key governance outcome was the reappointment of Kumar Mangalam Birla (DIN: 00012813) as a Director retiring by rotation. This resolution received 93.22% support in favor, with 78,068,925 votes cast for and 5,681,463 against. The promoter group voted unanimously in favor, while public institutions showed a split vote with 78.35% support. Additionally, shareholders approved the appointment of a Statutory Auditor for a first term of five consecutive years, extending from the conclusion of the 129th AGM until the 134th AGM. Remuneration for both the Statutory Auditor and Cost Auditor for the financial year ending March 31, 2027, was also ratified.

Voting Participation Details

The total number of shares held on the record date was 110,852,931. Approximately 75.55% of outstanding shares were polled across all resolutions. For Resolution 1 (Financial Statements), 83,724,521 votes were cast in favor with only 54 against. Resolution 2 (Dividend) saw 83,750,182 votes in favor and 206 against. Resolution 4 (Statutory Auditor) received 83,748,325 votes in favor with 2,063 against. Resolution 5 (Cost Auditor) garnered 83,750,324 votes in favor with 64 against. The high participation rate reflects strong shareholder engagement in the company’s governance processes.

Regulatory Compliance

The notice dated June 23, 2026, along with the explanatory statement under Section 102 of the Act, was sent electronically to members with registered email addresses, complying with MCA Circulars including the latest circular 03/2025 dated September 22, 2025. An advertisement was published in Financial Express and Loksatta on July 3, 2026. The Integrated Annual Report 2025-26 was uploaded on the company’s website, stock exchanges, and NSDL. Final voting results have been disseminated pursuant to Regulation 44(3) of the SEBI Listing Regulations.