Aditya Birla Real Estate Limited has announced the cessation of Mr. Ajay Kumar Gupta as Senior Management Personnel. This change is a direct consequence of the slump sale of the erstwhile Century Pulp and Paper business division to ITC Limited, effective from September 16, 2026. Details regarding this change, as required by SEBI regulations, have been provided.
Senior Management Change Announced
Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) has formally notified the cessation of Mr. Ajay Kumar Gupta from his position as Senior Management Personnel (SMP). This decision is effective from September 16, 2026.
Reason for Cessation
The departure of Mr. Gupta is attributed to the sale of the erstwhile Century Pulp and Paper (‘CPP’) business division to ITC Limited. This transaction was conducted on a slump sale basis and was completed as a going concern. The sale was previously communicated to stakeholders via a letter dated August 1, 2026.
Regulatory Disclosure
The company has provided the requisite details concerning Mr. Gupta’s cessation in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026. These details are elaborated in Annexure 1 of the announcement.
Source: BSE
