Aditya Birla Capital has announced the resignation of its Chief Technology Officer, Mr. Ramesh Narayanasmwy, effective February 28, 2026. The company disclosed this senior management personnel change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on March 1, 2026.

Resignation Details

Mr. Narayanasmwy tendered his resignation to pursue career opportunities outside the company. His resignation was accepted by the company and became effective from February 28, 2026, at the close of business hours.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations. Company Secretary & Compliance Officer Santosh Haldankar signed the regulatory filing, ensuring compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Stakeholder Communication

Aditya Birla Capital informed multiple stakeholders about this change, including:

• BSE Limited (Scrip Code: 540691)
• National Stock Exchange of India Ltd (Symbol: ABCAPITAL)
• Luxembourg Stock Exchange
• Citi Bank N.A. (Custodial and Depository Receipt Services)
• Banque Internationale à Luxembourg SA (Listing Agent)

Resignation Letter

In his resignation letter dated February 23, 2026, Mr. Narayanasmwy expressed gratitude to the Board of Directors and Senior Management Team for their guidance and support during his tenure. He formally requested the company to accept his resignation from the Chief Technology Officer position.

The company has completed all necessary regulatory disclosures and documentation requirements for this senior management personnel change, maintaining transparency with investors and regulatory authorities.

Aditya Birla Capital Limited has secured a major victory in a prolonged tax litigation case involving its material subsidiary, with the Assessing Officer nullifying an entire tax demand worth ₹464.81 crore. The development brings substantial relief to Aditya Birla Sun Life Insurance Limited (ABSLI) and marks the resolution of a significant regulatory matter.

Tax Demand Resolution

The Assessing Officer, through an order dated 28 February 2026, has accepted ABSLI's claim and completely nullified the tax demand of ₹464.81 crore pertaining to Assessment Year 2021-22. This decision follows the Income Tax Appellate Tribunal's remand order from November 2024, which had directed the matter back to the Assessing Officer for further examination and verification.

Timeline of Legal Proceedings

The tax litigation matter has been under scrutiny for an extended period, with the company providing regular updates to stakeholders. The case timeline shows:

• August 2023: Initial intimation about pending tax litigation
• March 2024: Updated disclosure on the matter
• November 2024: ITAT Mumbai Bench remanded the case back to Assessing Officer
• February 2026: Final resolution with demand nullification

Regulatory Compliance

Aditya Birla Capital has maintained transparency throughout the litigation process by filing regular intimations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has kept all relevant stakeholders informed, including stock exchanges and international listing entities.

Impact on Subsidiary Operations

Aditya Birla Sun Life Insurance Limited, being a material subsidiary of Aditya Birla Capital, benefits significantly from this resolution. The nullification of the ₹464.81 crore demand removes a substantial financial overhang that had been pending since the original assessment for AY 2021-22.

Conclusion

The successful resolution of this tax litigation demonstrates the strength of ABSLI's legal position and provides clarity on the regulatory front. With the Assessing Officer's acceptance of the subsidiary's claim, Aditya Birla Capital can now focus on its core business operations without the uncertainty of this pending tax matter.