Aditya Birla Real Estate Limited (formerly Century Textiles) has received an order from the Hon’ble Court of Revenue Board, Madhya Pradesh, demanding significant stamp duty and registration fees related to the transfer of the Century Yarn and Denim Units in FY2021-22. The total demand aggregates to ₹4,85,07,814 across land value and machinery valuations. The company intends to contest this demand, asserting there is no material financial impact at present.
Regulatory Notice Received for Past Business Transfer
Aditya Birla Real Estate Limited (ABREL), formerly known as Century Textiles and Industries Limited, has been served an order dated 16th March, 2026, by the Hon’ble Court of Revenue Board, Madhya Pradesh, Gwalior. This order, received by the company’s advocates on 23rd March, 2026, pertains to the transfer of the business undertaking, specifically the Century Yarn and Denim Units, which occurred during the FY2021-22 period.
Details of Alleged Short Payment
The core issue is the alleged short payment of stamp duty and registration fees based on the revenue authority’s valuation of the transferred land, plant, and machinery. The demand is split into two main components:
- Stamp duty and registration fees on land value: Demanding ₹2,60,36,614/- (Stamp Duty of ₹1,76,54,368/- plus fees of ₹83,82,246/-).
- Stamp duty and registration fees on plant & machineries: Demanding ₹2,24,71,200/- (Stamp Duty of ₹1,24,84,000/- plus fees of ₹99,87,200/-).
The alleged contravention stems from the execution of agreements for transfer, specifically citing the undervaluation of land and the non-payment of stamp duty on plant and machineries under the Indian Stamp Act, 1899.
Company Stance on Financial Impact
The company has formally indicated its intent regarding this levy. Since ABREL will be actively contesting the demand raised by the authority, the company currently believes that there is no material impact on its financials, operations, or other activities due to this specific order at this time.
Source: BSE
