Aditya Birla Real Estate's 129th AGM Resolves to Appoint Singhi & Co. as Statutory Auditor for Five Years and Reappoint Kumar Mangalam Birla as Director

Aditya Birla Real Estate Holds 129th AGM with Key Governance Resolutions

Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited) has issued the notice for its 129th Annual General Meeting (AGM), scheduled to be held on Monday, July 27, 2026, at 03:00 p.m. IST through Video Conferencing / Other Audio-Visual Means.

Statutory Auditor Appointment

The Board of Directors has approved and recommended the appointment of M/s. Singhi & Co., Chartered Accountants, Mumbai, (ICAI Firm Registration No.302049E), as a statutory auditor of the Company for a first term of five years from the conclusion of ensuing 129th AGM to hold office till the conclusion of the 134th AGM of the Company to conduct the audit of accounts of the Company for the period commencing from FY2026-27 to FY2030-31.

The annual audit fee approved for M/s. Singhi & Co. is ₹55 lacs (Rupees Fifty Five Lacs Only) plus applicable taxes and reimbursement of actual out-of-pocket expenses for FY 2026-27. The Audit Committee and Board noted that this fee reflects a material reduction in audit scope due to the proposed sale of the Century Pulp and Paper business division.

M/s. S R B C & CO. LLP (SRBC), the existing statutory auditor shall be retiring at the conclusion of the ensuing 129th Annual General Meeting (AGM). Singhi & Co. ranks as the 7th largest Assurance and Advisory firm in India, serving 150+ listed entities and is ICAI Peer Reviewed. M/s. Singhi & Co. was founded in 1940 and is providing qualitative services since then in Assurance, Corporate Finance, Risk Advisory, Direct and Indirect Taxation, Insolvency and Bankruptcy Code, Valuation, Forensics, ESG etc. It has its presence across the country including through its offices located in Kolkata, Mumbai, Noida/Delhi NCR, Bengaluru, Chennai, Gurgaon, Pune and Raipur.

Director Reappointment

The reappointment of Mr. Kumar Mangalam Birla (DIN: 00012813), who retires by rotation but is eligible and offers himself for reappointment, is also on the agenda. Mr. Birla is a Chartered Accountant and MBA from the London Business School, and received a remuneration of ₹19.12 lacs by way of sitting fees and commission for FY 2025-26.

Dividend Declaration and Financial Performance

Shareholders will consider the declaration of a dividend of ₹2.50 per equity share of face value ₹10 each (25%), subject to applicable tax. This compares to a dividend of ₹2.00 per share (20%) paid in the previous year. The aggregate dividend outflow will absorb ₹27.92 Crores.

FY 2025-26 saw standalone net profit of ₹351.89 Crores and consolidated net loss of ₹114.82 Crores, while Birla Estates achieved record bookings of ₹8,136 Crores.

Strategic Transition

The Pulp and Paper divestment to ITC Limited for ₹3,498 Crores is in advanced stages of completion. The 129th Annual Report covers FY 2025-26, a year of significant strategic transition as the Company completed its repositioning as a focused real estate enterprise.

The commercial portfolio comprising Birla Aurora and Birla Centurion maintained 100% occupancy throughout the year, generating combined gross lease rentals of ₹1,385 million, a 5% increase over the prior year.