Pilani Investment and Industries Corporation Limited, part of the promoter group of Aditya Birla Lifestyle Brands , has disclosed the acquisition of 2.44 crore shares representing 2.00% of the company's total share capital. The transaction was executed through open market purchases between December 23-29, 2025, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Overview

The acquisition demonstrates significant promoter confidence in the company's business prospects and strategic direction. The shares were purchased at prevailing market prices over a seven-day period, representing a substantial financial commitment by the promoter group.

Shareholding Pattern Changes

The acquisition has resulted in a notable increase in the promoter group's shareholding in the company. Prior to this transaction, Pilani Investment held 4.48 crore shares, representing 3.67% of the total share capital.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions of shares. The company's total equity share capital stands at ₹1,220.29 crores, comprising 122.03 crore equity shares of ₹10 each, fully paid up. The acquisition strengthens the promoter group's stake while maintaining transparency through proper regulatory filings.

Market Implications

Open market purchases by promoter groups are typically viewed positively by market participants, as they signal management's confidence in the company's fundamental strength and long-term value creation potential. The timing of this substantial acquisition during the year-end period reflects the promoter group's strategic commitment to increasing their ownership in the lifestyle brands business.

Aditya Birla Fashion & Retail Limited has disclosed receiving a demand order from tax authorities regarding Goods and Services Tax (GST) compliance. The company informed stock exchanges about the regulatory action through a filing under SEBI Listing Regulations.

CGST Demand Details

The Assistant Commissioner, CGST Central Excise, Division-V, Indore, issued the demand order in Form DRC-07. The financial implications of the order are as follows:

The order does not specify any interest amount component in the total demand calculation.

Nature of Dispute

The demand order stems from proceedings related to input tax credit claims. The dispute centers on the difference between input tax credit claimed in GSTR3B returns and the credit available in GSTR2A returns. This discrepancy led to the conclusion of Show Cause Notice (SCN) proceedings, resulting in the current demand order.

Company's Response and Impact Assessment

Aditya Birla Fashion has stated that the demand order will have no impact on the company's financial, operational, or other business activities. The company maintains that the demand is not legally tenable under applicable tax laws.

The fashion retailer has announced its intention to challenge the order through proper legal channels. The company plans to file an appeal against the demand order before the Appellate Authority, indicating confidence in its tax compliance position.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations. Company Secretary and Compliance Officer Rajeev Agrawal signed the regulatory filing, ensuring transparency with stakeholders about the tax matter.