Aditya Birla Fashion and Retail Limited — Important, 29-11-2024: Updates

The Audit Committee and the Committee of Independent Directors of Aditya Birla Fashion and Retail Limited have certified the complete distribution of proceeds from the sale of fractional shares to eligible TCNS Clothing Co. shareholders, following the amalgamation of TCNS into Aditya Birla. The sale of 8,185 fractional shares was conducted at an average price of ₹299.2153, resulting in total proceeds of ₹24,49,077.51. This distribution was in accordance with the Scheme of Amalgamation, ensuring each shareholder received their entitled proportion of the sale proceeds. The timely execution of this distribution enhances the company’s credibility and reflects its commitment to shareholder interests. Watch closely as they navigate post-merger integration and operational synergies.