Aditya Birla Fashion and Retail Limited Notice on Equity Shareholders Meeting

Team Finance Saathi

    23/Dec/2024

What's Covered Under the Article:

  • Date and time for the meeting of equity shareholders of Aditya Birla Fashion and Retail Limited.
  • Instructions for remote e-voting and registration of email addresses for receiving notices.
  • Information on the Scheme of Arrangement between Aditya Birla Fashion and Retail and Aditya Birla Lifestyle Brands Limited.

Aditya Birla Fashion and Retail Limited (ABFRL) has announced a meeting for its equity shareholders to approve the Scheme of Arrangement between ABFRL (the demerged company) and Aditya Birla Lifestyle Brands Limited (the resulting company). The meeting will take place on Tuesday, January 21, 2025, at 10:00 a.m. IST through video conferencing/other audio-visual means (VC/OAVM), following the NCLT order dated November 27, 2024.

Key Details:

  • Purpose: The meeting is scheduled to consider and approve the Scheme of Arrangement under sections 230-232 of the Companies Act, 2013, involving both ABFRL and Aditya Birla Lifestyle Brands Limited.
  • Mode: The meeting will be held through video conferencing, and shareholders can participate remotely. The facility for remote e-voting will begin on Thursday, January 16, 2025, and close on Monday, January 20, 2025.

E-Voting and Registration Process:

Shareholders who have not yet registered their email addresses must do so by January 14, 2025, to receive the necessary notices and voting instructions. The registration can be completed by visiting the website of Link Intime India Private Limited, the appointed agency for the e-voting process.

For those requiring additional support, a copy of the notice along with the explanatory statement can be obtained by contacting the company's secretarial team at secretarial@abfrl.adityabirla.com.

Voting:

Since the meeting will be held virtually, voting by proxy will not be allowed. However, shareholders will be able to cast their votes either via remote e-voting before the meeting or during the meeting itself.

Shareholders whose names are recorded in the register of members as of the cut-off date of January 14, 2025, will be entitled to vote at the meeting.

The final voting results will be announced on Thursday, January 23, 2025, and will be displayed on the company’s website and other official platforms.

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