Aditya Birla Real Estate logo

Aditya Birla Real Estate MD, chairman, board of directors and AGM

NSE: ABRELBSE: 500040RealtySmall Cap

Formerly Century Textiles & Industries
Last close ₹1,042.40down ₹42.70 (3.94%)BSE ₹1,043.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,085.10.

52-week range of traded prices to 23 Oct 2026
₹1,002.30Low, 9 Oct 2026₹1,914.00High, 3 Nov 2025
Market cap
₹11,643 Cr427th largest listed
P/E
Earlier quarters restated in the year
P/B
3.1
Dividend yield
0.24%
ROE
Assets held for saleon the latest balance sheet
ROCE
Assets held for saleon the latest balance sheet
Debt to equity
Assets held for saleon the latest balance sheet
Volume, NSE
96,23847.9% delivered

Aditya Birla Real Estate board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonKumar Mangalam Birla
  • Company SecretaryAtul K Kedia

8 directors4 independent1 executive3 non-executive

  • Kumar Mangalam Birla · ChairpersonNon-executive · joined Feb 2006 · reappointed Jul 2024 · 7 listed boards
  • Rajashree BirlaNon-executive · joined May 2015 · reappointed Jul 2025 · 6 listed boards
  • Preeti VyasIndependent · joined Apr 2019 · reappointed Apr 2024 · 87 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • Sunirmal TalukdarIndependent · joined Jul 2024 · 23 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 4 as chair
  • Pramod KabraIndependent · joined Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Sukanya KripaluIndependent · joined Oct 2024 · 20 months as independent · 7 listed boards · 7 as independent · 9 committee seats, 1 as chair
  • K.T. JithendranNon-executive · joined Jul 2024 · 1 listed board
  • R.K. DalmiaExecutive · joined Sep 2018 · reappointed Aug 2025 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Sohanlal K Jain, left 31 Oct 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 6 May 20268 of 8 present4 independent · 50 days in between
    • 16 Mar 20267 of 8 present4 independent · 46 days in between
    • 28 Jan 20268 of 8 present4 independent

  • Audit Committee

    Chair Sunirmal Talukdar

    Preeti Vyas, Pramod Kabra, Sukanya Kripalu

    • 6 May 20264 of 4 present4 independent · 97 days in between
    • 28 Jan 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Pramod Kabra

    Kumar Mangalam Birla, Sunirmal Talukdar, Sukanya Kripalu

    • 6 May 20264 of 4 present3 independent · 97 days in between
    • 28 Jan 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Pramod Kabra

    Preeti Vyas, Sunirmal Talukdar, R.K. Dalmia

    • 23 Jan 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Sunirmal Talukdar

    Pramod Kabra, Sukanya Kripalu, R.K. Dalmia

    • 16 Mar 20264 of 4 present3 independent · 51 days in between

  • Corporate Social Responsibility Committee

    Chair Rajashree Birla

    Preeti Vyas, Pramod Kabra, R.K. Dalmia

    • 4 May 20264 of 4 present2 independent · 100 days in between
    • 23 Jan 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S R B C & CO. LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Aditya Birla Real Estate AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Aditya Birla Real Estate dividend history

Annual general meeting, 27 Jul 2026

98,520 shareholders on the register on 20 Jul 2026; present: 3 promoters and 103 others; votes counted by Mr. Gagan B. Gagrani / GAGRANI AND GAGAN.The company's voting result (opens in a new tab)

  1. Adoption of: a)the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon; and b)the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.53% · promoters 100.00% · institutions 89.89% · other public 5.60%

  2. Declaration of dividend on equity shares for the year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.55% · promoters 100.00% · institutions 89.98% · other public 5.60%

  3. Reappointment of Mr. Kumar Mangalam Birla (DIN: 00012813) as a Director, who retires by rotation.
    OrdinaryPromoters have an interest in it
    93.22% for6.78% against

    Against: promoters 0.00% · institutions 21.65% · other public 0.02%

    Turnout: all 75.55% · promoters 100.00% · institutions 89.98% · other public 5.60%

  4. Appointment of Statutory Auditor of the Company and to fix their remuneration for a first term of five consecutive years from the conclusion of 129th AGM until the conclusion of 134th AGM of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.00%

    Turnout: all 75.55% · promoters 100.00% · institutions 89.98% · other public 5.60%

  5. Approval of remuneration of Cost Auditor of the Company for the financial year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.55% · promoters 100.00% · institutions 89.98% · other public 5.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Jul 2025, 8 resolutions

1,10,221 shareholders on the register on 23 Jul 2025; present: 4 promoters and 83 others; votes counted by Mr. Gagan B. Gagrani / GAGRANI AND GAGAN.The company's voting result (opens in a new tab)

  1. Adoption of: a)the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon; and b)the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.34% · promoters 100.00% · institutions 89.51% · other public 14.30%

  2. Declaration of dividend on equity shares for the year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.35% · promoters 100.00% · institutions 89.55% · other public 14.30%

  3. Reappointment of Smt. Rajashree Birla (DIN: 00022995) as a Director, who retires by rotation.
    Special
    87.85% for12.15% against

    Against: promoters 0.00% · institutions 40.37% · other public 0.01%

    Turnout: all 77.35% · promoters 100.00% · institutions 89.55% · other public 14.30%

  4. Approval of remuneration of Cost Auditor of the Company for the financial year ending 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.35% · promoters 100.00% · institutions 89.55% · other public 14.30%

  5. Appointment of Secretarial Auditor of the Company for a term of five consecutive years from FY 2025-26 to FY 2029-30.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.00%

    Turnout: all 77.35% · promoters 100.00% · institutions 89.54% · other public 14.30%

  6. Reappointment of Mr. R.K. Dalmia (DIN:00040951) as the Managing Director of the Company for a period of two years with effect from 12th August, 2025.
    Special
    96.06% for3.94% against

    Against: promoters 0.00% · institutions 13.10% · other public 0.01%

    Turnout: all 77.35% · promoters 100.00% · institutions 89.55% · other public 14.30%

  7. Approval of the sale of the Pulp and Paper business undertaking of the Company as a going concern on slump sale basis.
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.36% · other public 0.07%

    Turnout: all 77.35% · promoters 100.00% · institutions 89.55% · other public 14.30%

  8. Approval of Material Related Party Transaction relating to Birla Estates Private Limited (BEPL), a wholly owned subsidiary of the Company and Vardhita Properties Private Limited (VPPL), a joint venture of BEPL and MJR Investment Pte Ltd. (MIPL) an affiliate of Mitsubishi Estate Co. Ltd. (MECL).MoreLess
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 26.56% · promoters 0.00% · institutions 89.55% · other public 14.08%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Sukanya Kripalu (holding DIN: 06994202) as an Independent Director of the Company for first term of five consecutive years from 30th October, 2024 up to 29th October, 2029
    Special
    90.29% for9.71% against

    Against: promoters 0.00% · institutions 33.12% · other public 0.18%

    Turnout: all 75.82% · promoters 99.64% · institutions 88.44% · other public 14.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 27 Jul 2026, 12 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of: a)the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon; and b)the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of Auditors thereon.MoreLess
    12 for0 against
  • Declaration of dividend on equity shares for the year ended 31st March, 2026.
    12 for0 against
  • Reappointment of Mr. Kumar Mangalam Birla (DIN: 00012813) as a Director, who retires by rotation.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: Aggregate attendance at Board meetings during last 3 FYs is low and no justification has been provided by the Company for his leave of absence.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of Director. Governance Concern: Aggregate attendance at Board meetings during last 3 FYs is low and no justification has been provided by the Company for his leave of absence.
    9 for3 against
  • Appointment of Statutory Auditor of the Company and to fix their remuneration for a first term of five consecutive years from the conclusion of 129th AGM until the conclusion of 134th AGM of the Company.MoreLess
    12 for0 against
  • Approval of remuneration of Cost Auditor of the Company for the financial year ending 31st March, 2027.
    12 for0 against

Mutual fund votes, meeting of 30 Jul 2025, 25 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of: a)the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon; and b)the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Report of Auditors thereon.MoreLess
    25 for0 against
  • Declaration of dividend on equity shares for the year ended 31st March, 2025.
    25 for0 against
  • Reappointment of Smt. Rajashree Birla (DIN: 00022995) as a Director, who retires by rotation.
    Against Axis Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund
    • Axis Mutual FundMs. Rajashree Birla, 79, is a part of the promoter family and serves as the Chairperson of the Aditya Birla Centre for Community Initiatives and Rural Development. The company seeks shareholder approval through a special resolution for her continuation on the board as she has attained 75 years of age, as required under amendments to SEBI’s LODR. She has been on the board since 5 May 2015. Ms. Rajashree Birla attended six out of nine (67%) board meetings held in FY25 and sixteen out of twenty-three (70%) board meetings held over the past three years. We expect directors to attend all board meetings and, at a minimum, 75% board meetings over a three-year period prior to their reappointment. Given her low board meeting attendance, we are unable to support her reappointment as Non-Executive Non-Independent Director.
    • Invesco Mutual FundMs. Rajashree Birla, 79, is a part of the promoter family and serves as the Chairperson of the Aditya Birla Centre for Community Initiatives and Rural Development. The company seeks shareholder approval through a special resolution for her continuation on the board as she has attained 75 years of age, as required under amendments to SEBI’s LODR. She has been on the board since 5 May 2015. Ms. Rajashree Birla attended six out of nine (67%) board meetings held in FY25 and sixteen out of twenty-three (70%) board meetings held over the past three years. We expect directors to attend all board meetings and, at a minimum, 75% board meetings over a three-year period prior to their reappointment. Given her low board meeting attendance, we are unable to support her reappointment as Non-Executive Non-Independent Director
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundProfile of the candidate
    21 for4 against
  • Approval of remuneration of Cost Auditor of the Company for the financial year ending 31st March, 2026.
    25 for0 against
  • Appointment of Secretarial Auditor of the Company for a term of five consecutive years from FY 2025-26 to FY 2029-30.
    24 for0 against
  • Reappointment of Mr. R.K. Dalmia (DIN:00040951) as the Managing Director of the Company for a period of two years with effect from 12th August, 2025.
    Against Axis Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual FundR. K. Dalmia, 71, has served as the Managing Director of Aditya Birla Real Estate Limited since August 2022. He attended eight out of nine (89%) board meetings held in FY25. The company seeks shareholder approval through a special resolution for his reappointment as he has attained 70 years of age, as required under amendments to SEBI’s LODR. He is not liable to retire by rotation, however, we take comfort from his fixed tenure as Managing Director, after which shareholder approval will be required for his continuation on the board. R. K. Dalmia’s FY25 pay aggregated Rs. 64.7 mn. We estimate his FY26 pay at Rs. 60.6 mn, excluding ESOP benefits. While he has not been granted any stock options to date, he is eligible to receive them. However, no guidance has been provided regarding future grants nor is there an absolute cap in place. Therefore, we are unable to ascertain his aggregate pay for FY26. The company must cap the overall pay in absolute terms and disclose/ quantify the stock options that he is eligible to receive, including the performance metrics which determine the variable pay. While we support his reappointment as Managing Director, due to lack of adequate disclosures with respect to stock option grants, we are unable to make an informed decision with respect to the remuneration. Therefore, we do not support the resolution.
    • Invesco Mutual FundR. K. Dalmia, 71, has served as the Managing Director of Aditya Birla Real Estate Limited since August 2022. He attended eight out of nine (89%) board meetings held in FY25. The company seeks shareholder approval through a special resolution for his reappointment as he has attained 70 years of age, as required under amendments to SEBI’s LODR. He is not liable to retire by rotation, however, we take comfort from his fixed tenure as Managing Director, after which shareholder approval will be required for his continuation on the board.R. K. Dalmia’s FY25 pay aggregated Rs. 64.7 mn. We estimate his FY26 pay at Rs. 60.6 mn, excluding ESOP benefits. While he has not been granted any stock options to date, he is eligible to receive them. However, no guidance has been provided regarding future grants nor is there an absolute cap in place. Therefore, we are unable to ascertain his aggregate pay for FY26. The company must cap the overall pay in absolute terms and disclose/ quantify the stock options that he is eligible to receive, including the performance metrics which determine the variable pay. While we support his reappointment as Managing Director, due to lack of adequate disclosures with respect to stock option grants, we are unable to make an informed decision with respect to the remuneration. Therefore, we do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    22 for3 against
  • Approval of the sale of the Pulp and Paper business undertaking of the Company as a going concern on slump sale basis.
    Against Angel One Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: Non-disclosure of Valuation Report
    • Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Non-disclosure of Valuation Report
    • Kotak Mahindra Mutual FundABREL proposes to divest its pulp and paper undertaking, operated under the name of Century Pulp and Paper and located in Lafkuan, Uttarakhand, as a going concern on a slump sale basis to ITC Limited, for a consideration of Rs. 34.98 bn on a cash free and debt free basis. The undertaking accounted for 91.0% of ABREL s standalone sales and 71.7% of consolidated sales for FY25. The sale follows a competitive bidding process initiated by ABREL, during which ITC emerged as the highest and most credible bidder. The sales proceeds will be used to repay ~Rs. 20.0 bn of debt relating to the pulp and paper undertaking, with the remaining earmarked for expanding ABREL s real estate business, including land acquisitions. With textile business discontinued and pulp and paper to be divested, ABREL s continuing operations will comprise real estate and other businesses like rayon yarn, salt works, and chemicals. The company has not disclosed the valuation report. Without the valuation report and the methodology used to arrive at the valuation, it becomes increasingly difficult for the shareholders to know whether the Company is receiving the fair value for the undertaking that is being sold. Hence, we do not support the resolution. So, we are voting against.
    19 for6 against
  • Approval of Material Related Party Transaction relating to Birla Estates Private Limited (BEPL), a wholly owned subsidiary of the Company and Vardhita Properties Private Limited (VPPL), a joint venture of BEPL and MJR Investment Pte Ltd. (MIPL) an affiliate of Mitsubishi Estate Co. Ltd. (MECL).MoreLess
    25 for0 against
1 proposal not matched to one resolution
  • Approve Sanjay Sangani & Co. as Secretarial Auditor and Authorize Board to Fix Their Remuneration
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 19 Dec 2024, 23 fund houses

  • Appointment of Ms. Sukanya Kripalu (holding DIN: 06994202) as an Independent Director of the Company for first term of five consecutive years from 30th October, 2024 up to 29th October, 2029
    Against Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, Taurus Mutual Fund, Trust Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Trust Mutual FundAppointment compliant with law. No concerns on merit/ profile of appointee. Governance Concern: Prolonged association with the Group.
    • Bank of India Mutual Fund, Navi Mutual Fund, Taurus Mutual FundMs. Sukanya Kripalu, 63, runs an independent marketing consultancy – Sukanya Consulting through which she provides marketing strategy, brand and advertising development and marketing training services for insurance, white goods jewellery, textiles, branded staples, FMCG and media industries. She has served as CEO of Quadra Advisory – a WPP group company. She has also worked with Nestlé India Limited, Cadbury India Limited and Kellogg’s India. She is a Graduate from St. Xavier’s College, Mumbai and is an alumnus of the Indian Institute of Management – Calcutta. We raise concern that served on the board of Aditya Birla Fashion and Retail Limited from 13 October 2014 to 12 October 2024. She is presently also serves on the boards of Hindalco Industries Ltd and Aditya Birla Health Insurance Co. Ltd. During her proposed term, her association with the promoter group will cross ten years. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Given her prolonged association with the Aditya Birla Group, we do not support her appointment as an Independent Director.
    • HDFC Mutual FundWith the proposed tenure, Ms. Sukanya Kripalu's association with the group will cross 10 years. We believe that this is not in line with the spirit of the regulations.
    • Invesco Mutual FundMs. Sukanya Kripalu, 63, runs an independent marketing consultancy – Sukanya Consulting through which she provides marketing strategy, brand and advertising development and marketing training services for insurance, white goods jewellery, textiles, branded staples, FMCG and media industries. She has served as CEO of Quadra Advisory – a WPP group company. She has also worked with Nestlé India Limited, Cadbury India Limited and Kellogg’s India. She is a Graduate from St. Xavier’s College, Mumbai and is an alumnus of the Indian Institute of Management – Calcutta. We raise concern that served on the board of Aditya Birla Fashion and Retail Limited from 13 October 2014 to 12 October 2024. She is presently also serves on the boards of Hindalco Industries Ltd and Aditya Birla Health Insurance Co. Ltd. During her proposed term, her association with the promoter group will cross ten years. We do not support rotation of tenured Independent Directors within the group as we believe that this is not in line with the spirit of the regulations. Given her prolonged association with the Aditya Birla Group, we do not support her appointment as an Independent Director
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundProlonged association with the Group.
    12 for11 against

Mutual fund votes, meeting of 23 Jul 2024, 19 fund houses

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2024 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2024 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) Declare final dividend of Rs. 5.0 (face value Rs. 10.0) for FY24.
    1 for0 against
  • 3) Reappoint Kumar Mangalam Birla (DIN: 00012813) as Non-Executive Non-Independent Director, liable to retire by rotation.
    1 for0 against
  • 4) Approve change in name of the company to ‘Aditya Birla Real Estate Limited’ and consequent amendment of Memorandum of Association (MoA) and Articles of Association (AoA).
    1 for0 against
  • 5) Appoint Sunirmal Talukdar (DIN: 00920608) as Independent Director from 24 July 2024 to 5 December 2026.
    1 for0 against
  • 6) Appoint Pramod Kabra (DIN: 02252403) as Independent Director for five years from 24 July 2024.
    1 for0 against
  • 7) Approve remuneration of Rs. 90,000 for R Nanabhoy & Co. as cost auditors for FY25.
    1 for0 against
  • 8) Appoint K.T. Jithendran (DIN: 01181998) as Non-Executive Non-Independent Director, from 15 July 2024, liable to retire by rotation.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Appointment of Mr. K.T. Jithendran (holding DIN: 01181998) as a Non- Executive and Non- Independent Director on the Board of the Company, liable to retire by rotation.
    16 for0 against
  • Appointment of Mr. Pramod Kabra (DIN: 02252403) as an Independent Director of the Company, not liable to retire by rotation, with effect from 24th July, 2024, to hold office for a term of five consecutive years i.e. up to 23rd July, 2029.MoreLess
    16 for0 against
  • Appointment of Mr. Sunirmal Talukdar (DIN: 00920608) as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term commencing from 24th July, 2024 to 05th December, 2026.MoreLess
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merits of the proposed appointee. Governance concern: Ex-employee in Group Company.
    14 for2 against
  • Approve Dividend
    1 for0 against
  • Approve Remuneration Cost of Auditors
    1 for0 against
  • Change Company Name to Aditya Birla Real Estate Limited and Approve Consequent Alteration in Memorandum of Association and Articles of Association
    1 for0 against
  • Elect K.T. Jithendran as Director
    1 for0 against
  • Elect Pramod Kabra as Director
    1 for0 against
  • Elect Sunirmal Talukdar as Director
    1 for0 against
  • Ratification of remuneration of Rs. 0.90 lacs (apart from Goods and Services Tax as applicable, or such other taxes as may be made applicable in lieu thereof, and reimbursement of actual travel and out- of- pocket expenses) payable to M/s. R. Nanabhoy and Co. (Firm Registration No.: 000010) being the Cost Auditor appointed by the Board of Directors of the Company to conduct the cost audit for the financial year ending 31st March, 2025.MoreLess
    16 for0 against
  • Reelect Kumar Mangalam Birla as Director
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about the director's attendance at board meetings.We have concerns about overboarding.
    0 for1 against
  • To appoint a director in place of Mr. Kumar Mangalam Birla (holding DIN: 00012813).
    1 for0 against
  • To appoint a director in place of Mr. Kumar Mangalam Birla (holding DIN: 00012813) who retires from office by rotation, but being eligible, offers himself for reappointment.
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on merits of proposed appointee. Governance Concern: Low attendance in Board meetings and NRC meetings.
    14 for2 against
  • To approve, alteration in the Memorandum of Association and Articles of Association of the Company.
    1 for0 against
  • To approve, Appointment of Mr. Pramod Kabra (DIN: 02252403) as an Independent Director of the Company.
    1 for0 against
  • To approve, Appointment of Mr. Sunirmal Talukdar (DIN: 00920608) as an Independent Director of the Company.
    1 for0 against
  • To approve change the name of the Company from Century Textiles and Industries Limited to Aditya Birla Real Estate Limited from the date of issuance of a Fresh Certificate of Incorporation in favor of the Company by the Registrar of Companies, Maharashtra and consequently change the name of the Company wherever appearing in the Memorandum and Articles of Association of the Company.MoreLess
    Against Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Regulation 45 of SEBI LODR 2015: The proposed name is not in accordance with provisions of law as it does not align with principal business of the Company.
    • Nippon India Mutual FundThe proposed name is not in accordance with provisions of law as it does not align with principal business of the Company.
    13 for3 against
  • To approve, remuneration of the Cost Auditors for the financial year ending 31st March, 2025.
    1 for0 against
  • To declare dividend on equity shares of the Company for the year ended 31st March, 2024.
    17 for0 against
  • To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon and b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Report of Auditors thereon.MoreLess
    16 for0 against
  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Report of Auditors thereonMoreLess
    1 for0 against

Mutual fund votes, meeting of 20 Mar 2024, 15 fund houses

  • 1) Reappoint Ms. Preeti Vyas (DIN: 02352395) as Independent Director for five years from 1 April 2024.
    1 for0 against
  • Reelect Preeti Vyas as Director
    1 for0 against
  • To approve the re-appointment of Ms. Preeti Vyas (holding DIN: 02352395) as an Independent Director of the Company, not liable to retire by rotation, to hold office for second term of five consecutive years with effect from 01st April, 2024 to 31st March, 2029 (both days inclusive).MoreLess
    Against Bank of India Mutual Fund, Invesco Mutual Fund
    • Bank of India Mutual FundPreeti Vyas, 67, is an entrepreneur and leads Vyas Giannetti Creatives as the Chairperson and Chief Creative Officer. She is an entrepreneur in the field of Design and Communication Consultancy and has over three decades of experience in the fields of Branding & Communication. She has been an Independent Director on the board of this company since 1 April 2019. She attended five out of six board meetings held in FY23 (83%) and six out of seven board meetings held in FY24 as on date of notice (86%). While her reappointment is in line with statutory requirements, public sources indicate Aditya Birla Group is one of Vyas Giannetti Creative’s clients. Therefore, due to the inherent conflict of interest, we do not support her reappointment as Independent Director. The company must classify her as Non-Executive Non-Independent.
    • Invesco Mutual FundPreeti Vyas, 67, is an entrepreneur and leads Vyas Giannetti Creatives as the Chairperson and Chief Creative Officer. She is an entrepreneur in the field of Design and Communication Consultancy and has over three decades of experience in the fields of Branding & Communication. She has been an Independent Director on the board of this company since 1 April 2019. She attended five out of six board meetings held in FY23 (83%) and six out of seven board meetings held in FY24 as on date of notice (86%). While her reappointment is in line with statutory requirements, public sources indicate Aditya Birla Group is one of Vyas Giannetti Creative’s clients. Therefore, due to the inherent conflict of interest, we do not support her reappointment as Independent Director. The company must classify her as Non-Executive Non-Independent
    11 for2 against

Mutual fund votes, meeting of 27 Jul 2023, 11 fund houses

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2023 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2023 and Auditors report thereon.MoreLess
    1 for0 against
  • 1. a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Report of Auditors thereon. 2. Declaration of dividend on Equity shares for the year ended 31st March, 2023. 3. Reappointment of Smt. Rajashree Birla (DIN: 00022995) as a director, who retires by rotation. 4. Approval of amendments to Article 73(i) of Articles of Association of the Company. 5. Approval of remuneration of Cost Auditors.MoreLess
    1 for0 against
  • 2) Declare dividend on Equity for FY23.
    1 for0 against
  • 3) Reappoint Ms. Rajashree Birla (DIN: 00022995) as Non-Executive Non-Independent Director, liable to retire by rotation and approve her continuation after attaining 75 years of age.
    1 for0 against
  • 4) Approve amendment to Article 73(i) of the Articles of Association.
    1 for0 against
  • 5) Approve remuneration of Rs. 149,000 for R Nanabhoy & Co. as cost auditors for FY24.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Amend Articles of Association - Board Related
    2 for0 against
  • Amendments in Article 73(i) of Articles of Association of the Company.
    7 for0 against
  • Approve Dividend
    2 for0 against
  • Approve Remuneration Cost of Auditors
    1 for0 against
  • Approve Remuneration of Cost Auditors
    1 for0 against
  • Ratification of remuneration of Rs.1.49 (in lacs) of actual travel and out-of-pocket expenses payable to M/s. R. Nanabhoy & Co., being the Cost Auditor appointed by the Board of Directors of the Company to conduct the cost audit for the financial year ending 31st March, 2024.MoreLess
    7 for0 against
  • Reelect Rajashree Birla as Director
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted because: • Rajashree Birla serves on a total of more than six public company boards, which could potentially compromise her ability to commit sufficient time to her role in the company. • She has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • HSBC Mutual FundWe have concerns about the director's attendance at board meetings.We have concerns about overboarding.
    0 for2 against
  • To appoint a Director in place of Smt. Rajashree Birla (holding DIN: 00022995) who retires from office by rotation, but being eligible, offered herself for re-appointment.
    7 for0 against
  • To declare dividend on equity shares of the Company for the year ended 31st March, 2023.
    7 for0 against
  • To receive, consider and adopt: a) The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Report of Auditors thereon.MoreLess
    7 for0 against

Mutual fund votes, meeting of 9 Mar 2023, 9 fund houses

  • 1) Approve CTIL Employee Stock Option Scheme 2023 under which up to 1,725,000 stock options will be granted.
    Against SBI Mutual Fund
    • SBI Mutual FundThe company’s CTIL Employee Stock Option Scheme 2023 is for issuance of up to a maximum 1,725,000 options, through secondary acquisition under the trust route. The exercise price of the stock options will be the average purchase price of shares acquired through secondary acquisition by the trust and will not be less than the face value of the shares. Since the acquisition by the trust will be in one or more tranches, and grant could be at a much later date, there is a likelihood that granted options could be at a discount higher than 20%. The vesting of options is both time and performance based, however the company has not provided granular details of the performance parameters for vesting. We do not favor ESOP schemes where the options are granted at a significant discount to market price. We believe ESOPs are ‘pay at risk’ options that employees accept at the time of grant. Further, with a potential deep discount to market price, there is no alignment between the interests of investors and those of employees.
    0 for1 against
  • 2) Approve grant of stock options under CTIL Employee Stock Option Scheme 2023 to employees of group companies including subsidiaries and associate companies.
    Against SBI Mutual Fund
    • SBI Mutual FundThrough resolution #2, the company seeks approval to extend the CTIL Employee Stock Option Scheme 2023 to eligible employees of subsidiaries and associates within or outside India. Our recommendation is linked to Resolution #1.
    0 for1 against
  • 3) Approve secondary acquisition of shares by CTIL Employee Welfare Trust for the implementation of CTIL Employee Stock Option Scheme 2023 and approve provision of money to the trust for subscription and purchase of shares under the scheme.MoreLess
    Against SBI Mutual Fund
    • SBI Mutual FundThrough resolution #3, the company seeks shareholder approval for secondary acquisition of the shares under the trust route for CTIL Employee Stock Option Scheme 2023.CTIL Employee Welfare Trust shall buy 1,725,000 shares (1.54% of the paid-up share capital as on 31 March 2022) from the secondary market at the prevailing market price which shall be transferred to employees on the exercise of granted options. Thus, the company also seeks shareholder approval for providing loan to the trust. The loan shall be extended to the trust without charging any interest and shall be repayable upon realization of any proceeds on exercise/permitted sale/ transfer of shares and any other eventual income of the Trust. Our recommendation is linked to resolution #1.
    0 for1 against
  • Approval of (a) secondary acquisition of Shares through Trust route for the implementation of ‘CTIL Employee Stock Option Scheme 2023’ (b) provision of money by the Company for purchase of its own Shares by the Trust under the Scheme.MoreLess
    5 for0 against
  • Approval of the ‘CTIL Employee Stock Option Scheme 2023'
    1 for0 against
  • Approve CTIL Employee Stock Option Scheme 2023
    Against HSBC Mutual Fund
    • HSBC Mutual FundThere is insufficient disclosure of relevant information.A vote AGAINST this resolution is warranted because:- The Scheme permits stock options to be issued with an exercise price at a discount to the current market price as on grant date.- The proposal includes grant of stock options to employees of group companies, including associate companies without a compelling rationale.
    1 for1 against
  • Approve Grant of Employee Stock Options to the Employees of Group Company(ies) Including Subsidiary Company(ies) or Associate Company(ies) of the Company under CTIL Employee Stock Option Scheme 2023
    Against HSBC Mutual Fund
    • HSBC Mutual FundThere is insufficient disclosure of relevant information.A vote AGAINST this resolution is warranted because:- The Scheme permits stock options to be issued with an exercise price at a discount to the current market price as on grant date.- The proposal includes grant of stock options to employees of group companies, including associate companies without a compelling rationale.
    1 for1 against
  • Approve Secondary Acquisition of Shares through Trust Route for the Implementation of CTIL Employee Stock Option Scheme 2023 and Provision of Money by the Company for Purchase of its Own Shares by the Trust under the SchemeMoreLess
    Against HSBC Mutual Fund
    • HSBC Mutual FundThere is insufficient disclosure of relevant information.A vote AGAINST this resolution is warranted because:- The Scheme permits stock options to be issued with an exercise price at a discount to the current market price as on grant date.- The proposal includes grant of stock options to employees of group companies, including associate companies without a compelling rationale.
    1 for1 against
  • To approve grant of Employee Stock Option to the employees of Group Companies including Subsidiary Company(ies) or Associate Company of the Company under ‘CTIL Employee Stock Option Scheme 2023’
    1 for0 against
  • To approve grant of Employee Stock Options to the employees of Group Company(ies) including Subsidiary Company(ies) or Associate Company(ies) of the Company under ‘CTIL Employee Stock Option Scheme 2023.MoreLess
    Against Bandhan Mutual Fund, Mahindra Manulife Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Mahindra Manulife Mutual FundCompliant with law. Governance concern: ESOP Scheme extended to the employees of the associate companies without any compelling reasons
    • Nippon India Mutual FundInadequate justification
    1 for3 against
  • To authorise the Board of Directors to : (a) acquire or purchase, hold and transfer not exceeding 17,25,000 (Seventeen Lakhs Twenty Five Thousand Only) equity shares (“Shares”) of face value of Rs.10 (Rupees Ten) each fully paidup, being within the statutory ceiling as per the SEBI SBEB & SE Regulations, by way of secondary acquisition on the recognized stock exchanges, from time to time, in one or more tranches, through the irrevocable employee welfare trust of the Company namely the ‘CTIL Employee Welfare Trust’ (“Trust”), for the purpose of implementation of the Scheme in due compliance with the provisions of the SEBI SBEB & SE Regulations, Listing Regulations, Act and other applicable laws. (b) grant financial assistance or loan or provide guarantee or security in connection with a loan granted or to be granted, in one or more tranches, for such sum of money not exceeding 5% (Five Percent) of the aggregate of the paid up share capital and free reserves of the Company as on March 31, 2022, to the irrevocable employee welfare trust of the Company namely the ‘CTIL Employee Welfare Trust’ (“Trust”) being set up by the Company, with a view to enable the Trust to purchase equity shares of the Company of face value of Rs.10/- (Rupees Ten) each fully paid-up, from secondary acquisition on the recognised stock exchanges for the purposes of ‘CTIL Employee Stock Option Scheme 2023’ (“ESOS 2023” or “Scheme”).MoreLess
    1 for0 against
  • To create, offer and grant from time to time, in one or more tranches, not exceeding 17,25,000 employee stock options (Options) to or for the benefit of such person(s) working exclusively with the Company and its Group Company(ies) including Subsidiary Company(ies) and Associate Company(ies) of the Company.MoreLess
    4 for0 against
  • To create, offer and grant from time to time, in one or more tranches, such number of employee stock options (“Options”) under the ‘CTIL Employee Stock Option Scheme 2023’ (“ESOS 2023” or “Scheme”) within the limit prescribed therein to or for the benefit of such person(s) who are exclusively working with Group Companies including Subsidiary Company(ies) or Associate Company(ies) of the Company, whether in India or outside India, including any Director thereof, whether whole-time or not (excluding the Employees/Directors who are Promoters and persons belonging to the Promoter group, Independent Directors and Directors holding directly or indirectly more than 10% (ten percent) of the outstanding equity shares of the Company), subject to the eligibility as may be determined under the scheme exercisable into corresponding number of equity shares of face value of Rs. 10/- (Rupees Ten) each fully paid-up upon exercise and be transferred to the Option grantee by the ‘CTIL Employee Welfare Trust’ (“Trust”), at such exercise price on such terms and in such manner as may be determined by the Board /Committee in accordance with the provisions of the applicable laws and the provisions of SchemeMoreLess
    1 for0 against
  • To introduce and implement ‘CTIL Employee Stock Option Scheme 2023’ (“ESOS 2023” or “Scheme”) and to create, offer and grant from time to time, in one or more tranches, not exceeding 17,25,000 (Seventeen Lakhs Twenty Five Thousand Only) employee stock options (“Options”) to or for the benefit of such person(s) working exclusively with the Company and its Group Company(ies) (as defined in SEBI SBEB & SE Regulations) including Subsidiary Company(ies) and Associate Company(ies) of the Company, whether in or outside India, including any Director, whether whole-time or not (excluding the Employees/Directors who are Promoters and persons belonging to the Promoter group, Independent Directors and Directors holding directly or indirectly more than 10% (ten percent) of the outstanding equity shares of the Company) subject to their eligibility as may be determined under the Scheme, exercisable into not more than 17,25,000 (Seventeen Lakhs Twenty Five Thousand Only) equity shares (“Shares”) of face value of Rs. 10/- (Rupees Ten) each fully paid-up, to be sourced from secondary acquisition on recognized stock exchange, from time to time, through an employee welfare trust namely ‘CTIL Employee Welfare Trust’ (“Trust”) being set-up by the CompanyMoreLess
    1 for0 against

Mutual fund votes, meeting of 20 Oct 2022, 7 fund houses

  • Appointment of Mr. R. K. Dalmia (holding DIN:00040951) as the Managing Director and his continuation as Key Managerial Personnel of the Company with effect from 12th August, 2022 and including remuneration.MoreLess
    4 for0 against
  • Appointment of Mr. R. K. Dalmia (holding DIN: 00040951) as the Managing Director of the Company for a period of 3 years w.e.f. 12th August, 2022.
    1 for0 against
  • Approve Appointment and Remuneration of R. K. Dalmia as Managing Director
    1 for0 against
  • To appoint Mr. R. K. Dalmia (holding DIN:00040951) as the Managing Director and his continuation as Key Managerial Personnel of the Company with effect from 12th August, 2022 including the continuation of his appointment as Managing Director after attaining the age of 70 years on 21st March, 2024 during the tenure of his appointment & to fix remunerationMoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.