Aditya Birla Fashion and Retail Limited (ABFRL) has released the proceedings of its 19th Annual General Meeting (AGM), held on August 25, 2026. The document includes a summary of the meeting’s activities and the Chairman’s speech, which highlighted the company’s performance, strategic direction, and outlook for the Indian fashion and retail market, including strong growth in FY26.
Aditya Birla Fashion and Retail: 19th AGM Proceedings Detailed
Aditya Birla Fashion and Retail Limited (ABFRL) has officially disclosed the summary of proceedings from its 19th Annual General Meeting (AGM), which took place on Tuesday, August 25, 2026. The meeting was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM).
Key Business Transacted at the AGM
The AGM agenda included several key items. Ordinary business transacted comprised the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. Shareholders also approved the appointment of Mr. Aryaman Vikram Birla as a Director, succeeding Mr. Birla who retires by rotation. Additionally, Price Waterhouse & Co Chartered Accountants LLP was re-appointed as the Statutory Auditors of the Company.
Under Special Business, shareholders approved the re-designation and appointment of Ms. Sangeeta Tanwani as a Non-Executive Non-Independent Director.
Chairman’s Speech Highlights Strategic Outlook
The Chairman’s speech, included as Annexure B, provided a comprehensive overview of ABFRL’s journey and strategic vision. The Chairman emphasized a deliberate shaping of a distinctive portfolio across ethnic wear, luxury retail, masstige and value fashion, and digital-first brands. The speech highlighted FY26 as an important year for building stronger, more focused businesses.
Key takeaways from the speech include:
- Economic & Industry Backdrop: India’s continued resilience as a bright spot in the global economy, with real GDP growth accelerating to 7.6% in FY26, driven by strong domestic demand.
- Apparel Market Opportunity: India’s fashion and lifestyle industry is poised for significant long-term growth, with estimates suggesting the apparel retail market could exceed ₹14 lakh crore by FY30.
- ABFRL’s Portfolio & Performance: The company’s differentiated presence across ethnic wear, masstige and value retail, luxury retail, and digital-first brands. Revenue grew 11% year-on-year to ₹8,177 crore in FY26, supported by broad-based growth and improved omni-channel capabilities.
- Segment Performance: Specific details were provided on the performance of Pantaloons, OWND, Ethnic wear (revenue grew 14% year-on-year to ₹2,227 crore), Luxury Retail (including the launch of Galeries Lafayette in Mumbai), and Digital-First Brands (TMRW, with 34% revenue growth).
- Sustainability: ABFRL’s continued commitment to sustainability through its ReEarth programme and achievements in global sustainability benchmarks.
- The Road Ahead: Focus on unlocking portfolio potential, driving profitable growth, strengthening unit economics, and creating differentiated consumer experiences.
The meeting commenced at 3:30 P.M. (IST) and concluded at 4:52 P.M. (IST). Results of e-voting will be intimated separately. The proceedings are available on the company’s website at www.abfrl.com.
Source: BSE
