Aditya Birla Real Estate has outlined ambitious growth targets for the current fiscal year, demonstrating confidence in its market position despite operational challenges. The real estate developer remains optimistic about FY26 prospects and aims to surpass last year's pre-sales achievements.

Business Development Strategy

The company has set substantial targets for business development activities, with expectations to finalize significant deals by the end of the current fiscal year.

Project Updates and Challenges

While maintaining positive momentum, the company acknowledges certain project-specific delays that have impacted its operations. The Niyaraa Tower C project has experienced delays, representing one of the operational challenges the company is currently managing.

FY26 Outlook

Despite the Niyaraa Tower C setback, Aditya Birla Real Estate maintains a positive stance for FY26 performance. The company has expressed confidence in its ability to exceed the previous year's pre-sales targets, indicating strong market positioning and strategic planning.

The substantial business development deal pipeline suggests the company's focus on expanding its portfolio and strengthening its market presence through strategic partnerships and acquisitions. This approach aligns with the broader real estate sector's recovery and growth trajectory.

Aditya Birla Real Estate Limited has announced significant changes in its key managerial personnel, with the appointment of Keyur Shah as Chief Financial Officer and the retirement of Snehal Shah. The Board of Directors approved these changes during their meeting held on January 28, 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee.

Leadership Transition Details

The company has structured a smooth transition between the outgoing and incoming CFOs. The following table outlines the key timeline and details:

Snehal Shah's retirement is part of the company's superannuation policy, and the organization has expressed deep appreciation for his valuable contributions during his tenure as CFO.

New CFO Profile and Experience

Keyur Shah brings extensive experience to his new role, having previously served as CFO of Birla Estates Private Limited (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate Limited, since May 15, 2023. His professional background includes:

Career Highlights

• Total Experience: Over 30 years in professional roles
• Previous Organization: HDFC (joined August 2005)
• Last Position at HDFC: MD and CEO of HDFC Property Ventures Limited
• Additional Role: Non-Executive Director of HDFC Education & Development Services Ltd
• Earlier Experience: KPMG and Castrol India Ltd

Expertise Areas

Keyur Shah has worked extensively in Real Estate Investment Services as a business leader, developing deep understanding and ability to represent organizational interests to various external stakeholders including:

• Investors and JV partners
• Government and regulatory bodies on policy matters
• Various constituents of the investor community

Professional Achievements

Shah has demonstrated a successful track record in several key areas that align with Aditya Birla Real Estate's strategic objectives:

Regulatory Compliance

The appointment has been made in compliance with Regulations 30 & 51 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/PoDZ/CIR/P/0155 dated November 11, 2024. The company has informed both BSE Limited and National Stock Exchange of India Limited about these changes in key managerial personnel.

The transition reflects Aditya Birla Real Estate's commitment to maintaining strong financial leadership while ensuring continuity in its operations and strategic initiatives.