Aditya Birla Fashion & Retail Limited (ABFRL), a leading player in India's fashion industry, has announced a significant change in its key managerial personnel. The company's Board of Directors has approved the retirement of Mr. Anil Malik as Company Secretary and Compliance Officer, effective November 30, 2025. Mr. Malik's departure marks the end of a 32-year tenure with the Aditya Birla Group.

New Appointment

To ensure a smooth transition, the Board has appointed Mr. Rajeev Agrawal as the new Company Secretary and Compliance Officer, set to assume the role from December 1, 2025. Mr. Agrawal brings with him a wealth of experience and expertise in corporate governance and compliance.

Profile of the New Appointee

Mr. Rajeev Agrawal's credentials include:

• Membership in the Institute of Company Secretaries of India
• Law graduate with 21 years of professional experience
• 14+ years of service within the Aditya Birla Group
• 3 years of managing Corporate Secretarial activities for the Fashion Business
• Current role as Company Secretary and Compliance Officer at Aditya Birla Lifestyle Brands Limited

Mr. Agrawal's extensive experience spans various critical areas:

• Corporate Governance
• Corporate Restructuring
• Fund Raising
• Compliance
• Mergers and Acquisitions

Notable Achievements

Throughout his career, Mr. Agrawal has played pivotal roles in several significant corporate actions, including:

• Demerger of Madura Fashion & Lifestyle Business
• Merger of Aditya Birla Nuvo Limited with Grasim Industries Limited
• Demerger and listing of Aditya Birla Capital Limited
• Successful open offer, acquisition, and merger of TCNS Clothing
• Fund raising through various modes, including Qualified Institutional Placement and Preferential Issue

Board's Acknowledgment

The Board of Directors expressed their sincere gratitude to Mr. Anil Malik for his outstanding service, exemplary professionalism, and valuable contributions during his long tenure with the Aditya Birla Group. They also extended their best wishes for his future endeavors.

This leadership transition in ABFRL's key managerial personnel underscores the company's commitment to maintaining strong corporate governance practices and ensuring seamless continuity in its compliance functions. As Aditya Birla Fashion & Retail continues to navigate the dynamic fashion retail landscape, the appointment of Mr. Rajeev Agrawal is expected to bring fresh perspectives and robust compliance oversight to the organization.

Aditya Birla Fashion & Retail Limited (ABFRL), a leading player in India's fashion retail sector, has reported a narrower consolidated net loss for the second quarter, along with growth in revenue.

Financial Performance

The company's consolidated net loss for Q2 narrowed to ₹90.90 crore, a significant improvement from the ₹195.00 crore loss reported in the same period last year. This represents a year-over-year decrease of approximately 53.4% in net losses.

ABFRL saw growth in its revenue:

The company's revenue increased by 7.5% year-over-year, reaching ₹1,492.00 crore.

Operational Performance

ABFRL's total expenses rose marginally to ₹1,627.00 crore, with finance costs at ₹216.00 crore and depreciation expenses at ₹252.00 crore.

Half-Year Performance

For the half-year period:

• Loss reduced to ₹160.00 crore from ₹347.00 crore previously
• Revenue grew to ₹2,940.00 crore from ₹2,683.00 crore

Strategic Developments

The board reviewed progress on demerging Madura Fashion & Lifestyle business into a separate listed entity to enable independent operations with focused capital allocation.

Market Performance

Shares closed 1.7% lower and have declined over 20% year-to-date.

Outlook

While Aditya Birla Fashion & Retail has shown revenue growth and narrowed its losses, the company continues to face challenges in the competitive fashion retail sector. The strategic move to demerge the Madura Fashion & Lifestyle business suggests a focus on streamlining operations and potentially improving profitability.

Investors and analysts will be watching closely to see how ABFRL's management leverages these changes to further improve financial performance in the coming quarters.