Caladium Investment Pte. Ltd. reduced its shareholding in Aditya Birla Fashion and Retail Limited through an open market transaction conducted on 29 May 2026. The disclosure, submitted under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the sale of 2,632,904 equity shares. This sale represents 0.22% of the target company's total share capital and 0.21% of its total diluted share capital.

Prior to this transaction, the acquirer held 52,773,187 shares, accounting for 4.32% of the total share capital. Following the disposal, Caladium Investment Pte. Ltd.'s holding has decreased to 50,140,283 shares. The filing confirms that the acquirer does not belong to the promoter or promoter group of the target company. The equity shares of Aditya Birla Fashion and Retail Limited are listed on BSE Limited and National Stock Exchange of India Limited.

The total equity share capital of the target company remains 1,220,538,192 shares, while the total diluted share capital stands at 1,230,225,228 shares, based on the shareholding pattern for the quarter ended 31 March 2026. The document notes that the acquirer's shareholding was previously reported at 7.49% in a disclosure dated 13 March 2024. Between 12 March 2024 and 28 May 2026, the acquirer sold a cumulative 23,244,129 equity shares, which represented approximately 1.904% of its stake during that period.

The recent sale, combined with previous transactions, has resulted in the acquirer's shareholding falling below 2% of the total paid-up equity share capital relative to the last disclosure made under Regulation 29(1). This cumulative change exceeds the 2% threshold required for disclosure. The filing was signed by Ankur Meattle, Director, on behalf of Caladium Investment Pte Ltd on 02 June 2026 in Singapore.

Shareholding Details

Aditya Birla Fashion and Retail Limited reported a consolidated net loss of ₹830 crore for the financial year ended March 31, 2026, narrowing from ₹882 crore in the previous year. Revenue from operations increased 11% to ₹8,177 crore for the year, while EBITDA grew 28% to ₹967 crore. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 25, 2026.

Financial Performance

For the year ended March 31, 2026, the standalone entity reported a net loss of ₹351.49 crore on revenue from operations of ₹5,906.03 crore. The company recognized an exceptional item of ₹40 crore during the year, attributed to the statutory impact of the new labour code. The table below summarises the key annual financial metrics:

Q4 Performance

In the fourth quarter, the company recorded a consolidated net loss of ₹164 crore, compared to a loss of ₹267 crore in the same period of the previous year. Revenue for the quarter stood at ₹1,990 crore versus ₹1,719 crore in the year-ago period. The Q4 EBITDA came in at ₹229 crore against ₹177 crore in the prior-year quarter, with the EBITDA margin expanding to 11.5% from 10.3% year-on-year. The following table captures the key Q4 year-on-year comparisons:

Operational Highlights

The company achieved strong year-on-year operating performance, with full-year EBITDA growing 28% to ₹967 crore and margins expanding by 120 basis points to 11.8% in FY26. The Ethnic businesses segment revenue grew 14% to ₹2,227 crore, while the TMRW segment revenue surged 34% to ₹872 crore. The Pantaloons segment revenue grew 4% to ₹4,560 crore.

The Board approved the amalgamation of Jaypore E-Commerce Private Limited and TG Apparel & Decor Private Limited, wholly owned subsidiaries, with the company. The joint company application was filed with the National Company Law Tribunal (NCLT) on February 25, 2026, and an order was received on April 6, 2026. The petition is fixed for hearing on June 5, 2026. Additionally, the company noted that the demerger of the Madura Fashion & Lifestyle Business became effective from May 1, 2025.

Trading Window Closure

In accordance with regulatory norms, the trading window for dealing in the company's securities remains closed for all designated persons and their immediate relatives. The window will stay shut until 48 hours from the declaration of the financial results.