Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited) has issued the notice for its 129th Annual General Meeting (AGM), scheduled to be held on Monday, July 27, 2026, at 03:00 p.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will be conducted from the company's registered office at Century Bhavan, Dr. Annie Besant Road, Worli, Mumbai 400030, in compliance with applicable MCA Circulars and SEBI Listing Regulations.

Key AGM Details

The following table summarises the key dates and procedural details for the 129th AGM:

Ordinary Business

The AGM agenda includes adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. Shareholders will also consider the declaration of a dividend of ₹ 2.50 per equity share of face value ₹ 10 each (25%), subject to applicable tax. This compares to a dividend of ₹ 2.00 per share (20%) paid in the previous year. The aggregate dividend outflow will absorb ₹ 27.92 Crores.

The reappointment of Mr. Kumar Mangalam Birla (DIN: 00012813), who retires by rotation but is eligible and offers himself for reappointment, is also on the agenda. Mr. Birla is a Chartered Accountant and MBA from the London Business School, and received a remuneration of ₹ 19.12 lacs by way of sitting fees and commission for FY 2025-26.

Special Business: Statutory Auditor Appointment

A key item of special business is the appointment of M/s. Singhi & Co., Chartered Accountants, Mumbai (ICAI Firm Registration No. 302049E), as the new Statutory Auditor of the Company. The appointment is for a first term of five consecutive years from the conclusion of the 129th AGM until the conclusion of the 134th AGM, covering FY 2026-27 to FY 2030-31. This follows the completion of the second five-year term of the outgoing auditor, M/s. S R B C & Co. LLP.

The annual audit fee approved for M/s. Singhi & Co. is ₹ 55 lacs (Rupees Fifty Five Lacs Only) plus applicable taxes and reimbursement of actual out-of-pocket expenses for FY 2026-27. The Audit Committee and Board noted that this fee reflects a material reduction in audit scope due to the proposed sale of the Century Pulp and Paper business division.

Cost Auditor Ratification

Shareholders will also ratify the remuneration of M/s. R. Nanabhoy & Co., Cost Accountants, appointed to conduct the cost audit for the financial year ending March 31, 2027. The remuneration approved is ₹ 0.60 lacs for auditing the Century Pulp and Paper manufacturing unit at Lalkuan, Uttarakhand. The Company has noted that in the event the transfer of the Century Pulp and Paper Division to ITC Limited is completed, this resolution may become infructuous.

Financial Performance Highlights

The 129th Annual Report covers FY 2025-26, a year of significant strategic transition as the Company completed its repositioning as a focused real estate enterprise. The following table presents key standalone and consolidated financial metrics:

On a standalone basis, total income from continuing operations grew 3.7% to ₹ 516.23 Crores from ₹ 497.60 Crores in FY 2024-25. Profit before tax from continuing operations improved significantly to ₹ 121.38 Crores from ₹ 0.06 Crores, driven by improved operating leverage and substantially lower exceptional charges. The reversal of net deferred tax liability of ₹ 123.76 Crores, following the Company's decision to opt for the new tax regime from FY 2026-27, further supported the standalone performance.

At the consolidated level, revenue from continuing operations declined to ₹ 403.77 Crores from ₹ 1,203.37 Crores in FY 2024-25. This decline is driven by the timing of project completions under Ind AS 115 revenue recognition norms, which require revenue to be recognised only at project handover, rather than any weakening in underlying demand.

Real Estate Operational Performance

Birla Estates, the Company's wholly owned subsidiary, delivered its highest-ever annual booking value and collections during FY 2025-26. Key operational metrics are presented below:

During the year, eight projects/phases were launched across NCR, MMR, Pune, and Bengaluru. Birla Pravaah in Gurugram generated bookings exceeding ₹ 1,800 Crores within 24 hours of launch, while Birla Arika Phase 2 recorded bookings of over ₹ 1,600 Crores with nearly 97% inventory sold within a month. The Company also entered the redevelopment segment through a luxury residential project in Khar West, Mumbai, with an estimated Gross Development Value (GDV) potential of approximately ₹ 1,700 Crores.

The commercial portfolio comprising Birla Aurora and Birla Centurion maintained 100% occupancy throughout the year, generating combined gross lease rentals of ₹ 1,385 million, a 5% increase over the prior year.

Pulp and Paper Divestment

At the last AGM held on July 30, 2025, shareholders approved the sale of the Company's Pulp and Paper business (Century Pulp and Paper) to ITC Limited on a slump sale basis for a lump sum cash consideration of ₹ 3,498 Crores. The Competition Commission of India approved the proposed acquisition vide its letter dated December 16, 2025. The transaction is expected to be consummated during the later first half of FY 2026-27. The Pulp and Paper assets of ₹ 3,041 Crores and directly associated liabilities of ₹ 401.69 Crores are classified as held for sale in the FY 2025-26 financial statements under Ind AS 105.

Institutional Capital and Capital Structure

During FY 2025-26, the Company formalised two significant institutional partnerships. The International Finance Corporation (IFC) invested ₹ 420 Crores into residential projects in Pune and Thane covering approximately 9.5 million sq. ft. Mitsubishi Estate Co. Ltd. entered a ₹ 560 Crores joint venture with Birla Estates for a premium residential project in Southeast Bengaluru, structured through a 51:49 SPV. Together, these partnerships brought ₹ 980 Crores of institutional capital into the Group's real estate platform.

The standalone debt-equity ratio stood at 0.89 (FY 2024-25: 0.88), while the standalone interest service coverage ratio improved to 3.10 from 1.96. At the consolidated level, the debt-equity ratio stood at 1.53 against 1.29 in the prior year, primarily due to inventory-funded growth. Consolidated borrowings increased to ₹ 5,636 Crores at the close of FY 2025-26 from ₹ 2,502 Crores at the close of FY 2023-24.

Shareholder and Procedural Information

The SEBI master circular applicable for KYC registration to avail benefits is dated February 6, 2026 (SEBI/HO/38/13/(4)2026-MIRSD-POD/I/4298/2026). Members are requested to update their PAN, KYC, bank details, and nominations with their respective Depository Participants or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), at C 101, 247 Park, L B S Marg, Vikhroli (West), Mumbai 400 083.

Unclaimed dividends for the financial year ended March 31, 2019 and thereafter are required to be claimed before July 30, 2026, failing which they will be transferred to the Investor Education and Protection Fund (IEPF) by August 31, 2026. The communication was signed by Atul K. Kedia, Joint President (Legal) & Company Secretary (Membership No. ACS 10100), dated June 23, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE055A01016/31469a612fa349ed.pdf

Aditya Birla Real Estate Ltd recorded a booking value of ₹8,136 Crores in FY 2025-26, reflecting sustained execution momentum across its portfolio of 21 projects spanning 35 million sq. ft. The company’s development pipeline is valued at over ₹73,900 Crores. Sustainability remains a core focus, with the company aligning its operations with the Aditya Birla Group’s net-zero ambition for 2050 and the UN Sustainable Development Goals. The Business Responsibility and Sustainability Report (BRSR) for the year highlights significant progress in environmental management and governance.

Operational and Financial Performance

The company operates through its wholly owned subsidiary, Birla Estates Pvt. Ltd., catering to the premium real estate segment. Exports accounted for 4.75% of the total turnover during the fiscal year. The operational footprint includes 19 locations nationally, comprising 2 plants and 17 offices. The company’s governance structure is overseen by the Risk Management Committee, which meets bi-annually to review sustainability initiatives.

Environmental Stewardship

Aditya Birla Real Estate achieved a 53% reduction in Scope 2 emissions year-on-year, while Scope 1 emissions decreased by 5.26%. Renewable electricity accounted for 32% of total electricity consumption, and 100% of the commercial portfolio is powered by renewable energy for own operations. The company installed a 140 kW on-site solar plant at Birla Centurion. Water withdrawal reduced by 1.36% year-on-year, and groundwater withdrawal in water-stressed areas fell by 23.32%.

Social and Governance Metrics

The company reported a workforce of 1,541 employees and 5,298 workers. Women represented 37.50% of the Board of Directors. The turnover rate for permanent employees stood at 13.54%, a decrease from the previous year. The company maintained zero complaints regarding data breaches and recorded no fines related to corruption or conflict of interest. However, it disclosed a penalty of ₹3,36,214 from the Professional Tax Officer, Government of Karnataka, regarding enrolment defaults.

Aditya Birla Real Estate continues to strengthen its ESG framework, aligning with SEBI’s BRSR Core requirements and targeting net-zero carbon emissions by 2050.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE055A01016/f1d5991e8b5e477e.pdf