Aditya Birla Capital Limited (ABCL) has announced significant changes to its top leadership, seeking shareholder approval for the appointment of two key executives. The company has issued a postal ballot notice for the appointment of Ms. Vishakha Mulye as Managing Director and CEO, and Mr. Rakesh Singh as Executive Director and CEO (NBFC).

New Leadership Appointments

Ms. Vishakha Mulye, who has been serving as the Chief Executive Officer of ABCL since July 2022, is proposed to be appointed as Managing Director and CEO for a five-year term from September 1, 2025, to August 31, 2030. Under her leadership, ABCL has expanded its offerings across Loans, Investments, Insurance, and Payments, and developed an omnichannel D2C platform.

Mr. Rakesh Singh, who has been instrumental in driving the growth of both the Non-Banking Financial Company (NBFC) and Housing Finance sectors within the Aditya Birla group since 2011, is proposed to be appointed as Executive Director and CEO (NBFC) from September 1, 2025, to July 22, 2027.

Remuneration Details

The proposed remuneration packages for both executives are as follows:

Regulatory Approval and Voting Process

Both appointments have received approval from the Reserve Bank of India. The company will conduct remote e-voting for shareholder approval from September 16 to October 15, 2025. The results of the postal ballot will be announced by October 17, 2025.

Strategic Implications

These appointments come at a crucial time for Aditya Birla Capital. Under Ms. Mulye's leadership, the company has already implemented the 'One ABC, One P&L' strategy, focusing on 'One Customer, One Experience and One Team'. This approach has driven accelerated growth and improved profitability across ABCL's businesses.

Ms. Mulye has also been instrumental in raising ₹4,500.00 crore in growth capital and executing the amalgamation of Aditya Birla Finance Ltd. with Aditya Birla Capital Limited, which is expected to enhance value creation for all stakeholders.

Mr. Singh brings nearly three decades of experience in financial services, with expertise in both banking and non-banking financial companies. His leadership in the NBFC sector is expected to further strengthen ABCL's position in providing comprehensive lending, financing, and wealth management solutions.

These strategic appointments reflect Aditya Birla Capital's commitment to strengthening its leadership team and positioning itself for future growth in the dynamic financial services sector.

Shareholders will have the opportunity to vote on these appointments, which could significantly impact the company's future direction and performance in the competitive financial services landscape.

Aditya Birla Capital Limited (ABCL), a leading financial services company, has successfully raised ₹3,400 crore through the allotment of secured non-convertible debentures (NCDs) via private placement. This significant debt fundraising initiative marks a strategic move for the company in strengthening its financial position.

NCD Allotment Details

The company has allotted 3,40,000 partly paid, secured, redeemable, rated, listed NCDs, each with a face value of ₹1,00,000. These debentures were issued to identified investors through a private placement, as disclosed in the company's filing with the stock exchanges.

Key Features of the NCDs

• Type: Partly Paid, Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures
• Tenor: 3,651 days (approximately 10 years)
• Allotment Date: September 12, 2025
• Maturity Date: September 11, 2035
• Coupon Rate: 7.61% per annum

Payment Structure

The NCDs feature a unique two-tranche payment structure:

1. Tranche 1 (Original Issuance): ₹50,000 per debenture, totaling ₹1,700 crore
2. Tranche 2: Additional ₹50,000 per debenture, bringing in another ₹1,700 crore

Security and Listing

The debentures are secured by a first pari-passu charge on the company's receivables, securities, future moveable assets, and current assets. They will be listed on both the BSE Limited and the National Stock Exchange of India Limited, enhancing their liquidity and tradability.

Coupon Payment Schedule

Investors can expect annual coupon payments, with the first payment scheduled for September 12, 2026. The final coupon and principal repayment will occur on the maturity date, September 11, 2035.

Implications for Aditya Birla Capital

This successful NCD issuance demonstrates Aditya Birla Capital's strong standing in the debt market and its ability to attract significant institutional investment. The funds raised are likely to be utilized for the company's growth initiatives, refinancing existing debt, or strengthening its overall financial structure.

The long tenor of the NCDs provides ABCL with stable, long-term funding, which could be particularly advantageous in the current economic environment. This move aligns with the company's strategy to diversify its funding sources and optimize its capital structure.

As Aditya Birla Capital continues to expand its presence in the financial services sector, this substantial fundraise through NCDs is expected to support its growth trajectory and enhance its competitive position in the market.