Aditya Birla Real Estate Receives ₹4.85 Crore Stamp Duty Demand from Madhya Pradesh Revenue Board Over Century Yarn & Denim Unit Transfer

Aditya Birla Real Estate Faces Stamp Duty Demand Over Yarn and Denim Unit Transfer

Aditya Birla Real Estate Limited has received a significant demand from the Court of Revenue Board, Madhya Pradesh, for additional stamp duty and registration fees totaling ₹4.85 crore, with the order dated 16th March 2026 received by the company's advocates on 23rd March 2026. The order relates to the transfer of Century Yarn and Denim Units during FY2021-22.

Breakdown of Demand

The demand includes ₹2.60 crore for land value and ₹2.25 crore for plant & machineries, with violations alleged under Indian Stamp Act, 1899. The matter involves the valuation methodology applied during the business undertaking transfer and the corresponding stamp duty calculations under state regulations.

Background of the Units

Century Textiles & Industries received approval for sale of Century Yarn and Century Denim Units of the Textile segment situated at Satrati, Khargone district in Madhya Pradesh on an as-is-where-is basis, as a going concern. Century Textiles stated that the operations of the Yarn and Denim units were not viable due to their small sizes and hence it was considered appropriate to sell these units.

In 2022, the Yarn and Denim division was demerged as the company shifted its focus toward its Real Estate and Pulp & Paper divisions under the Aditya Birla Group.

Company Response

Aditya Birla Real Estate Limited has disclosed that it intends to contest the demand issued by the Revenue Board. In its regulatory filing under Regulation 30 of SEBI Listing Regulations, the company has stated that there is presently no material impact on its financials, operations, or other activities due to this order.

Corporate Context

Aditya Birla Real Estate Limited, formerly known as Century Textiles and Industries Limited, was founded in 1897 as a single-unit cotton processing mill. In 1951, the Birlas gained management control of the company and Century was inducted into the Birla Group. In 2022, Century Textiles and Industries Limited became a part of Aditya Birla Group and in 2024 was renamed 'Aditya Birla Real Estate Limited'.

The company has undergone significant restructuring over the past decade. In 2019, the Cement division was merged with Ultratech Cement. In 2018, Century Rayon was leased out to Grasim Industries Limited. Today, the Real Estate division, established in 2016, develops commercial and residential properties across major Indian cities through its Birla Estates brand.