Aditya Birla Real Estate , in a joint venture with Grasim Industries Ltd., has announced the closure of operations for Birla Advanced Knits Private Limited (BAKPL) and the sale of its assets. This strategic decision addresses the non-viability of its knit fabric business.

Key Details of the Asset Sale

Reasons for Closure

The joint venture cited two primary reasons for discontinuing its operations:

1. Economic disadvantages
2. High operational costs

These factors rendered the knit fabric business non-viable, leading to the decision to cease operations and sell the assets.

Financial Context

Aditya Birla Real Estate had made a significant investment in the joint venture:

• Equity investment: Rs. 114.00 crores
• Investment period: Financial year 2024-25

The company had previously communicated about the business's non-viability in its yearly results for FY2024-25 and quarterly results for the period ended June 30, 2025.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Aditya Birla Real Estate has duly informed the stock exchanges about this development. The company has also made this information available on its official website.

This move by BAKPL reflects the challenging economic conditions in the knit fabric sector and demonstrates the parent companies' responsiveness to market realities. The sale of assets to RSWM Limited may potentially allow for a more efficient allocation of resources within the Aditya Birla Group's diverse portfolio of businesses.

Aditya Birla Real Estate Limited (ABREL) has announced a series of high-profile investor meetings scheduled in Hong Kong and Singapore, signaling the company's efforts to engage with global asset management firms and discuss its business operations and industry trends.

Hong Kong Non-Deal Roadshow

ABREL representatives will participate in a Hong Kong Non-Deal Roadshow on August 7-8, 2025. The company has lined up meetings with several prominent global asset management firms, including:

• Mirae Global Asset Management
• Wellington Management Company
• Manulife Asset Management
• BlackRock Asset Management
• HSBC Global Asset Management
• APG Asset Management

According to the company's official communication to the stock exchanges, the meetings are structured as follows:

Singapore Conference

Following the Hong Kong roadshow, ABREL representatives will attend Ambit Capital's Singapore Conference from August 11-13, 2025. This event provides another platform for the company to engage with investors and industry peers.

Focus on Business Operations and Industry Trends

The company has stated that these investor interactions will focus on discussing the ordinary course of business and industry trends. This approach allows ABREL to provide insights into its operations and market positioning without disclosing sensitive information.

Commitment to Transparency

In line with regulatory requirements, Aditya Birla Real Estate Limited has explicitly confirmed that no unpublished price sensitive information will be shared or discussed during these investor meetings. This commitment ensures compliance with securities regulations and maintains a level playing field for all investors.

The announcement of these investor meetings demonstrates ABREL's proactive approach to investor relations and its efforts to maintain open lines of communication with global financial institutions. As the real estate sector continues to evolve, such engagements provide valuable opportunities for both the company and investors to exchange insights on market dynamics and strategic directions.