👔Aditya Birla Lifestyle Brands to Appoint New Board Post-Demerger at May 24 EGM
Following the recent demerger of the Madura Lifestyle business from Aditya Birla Fashion and Retail Ltd (ABFRL), Aditya Birla Lifestyle Brands Ltd (ABLBL) is set to appoint a new board of directors during its Extraordinary General Meeting (EGM) on May 24, 2025. Ashish Dikshit, currently the MD of ABFRL, will take over as Managing Director of ABLBL, while Vishak Kumar is set to be appointed as Deputy MD & CEO.
The proposed board will also include Ananyashree Birla, Aryaman Vikram Birla, and Pankaj Sood as Non-Executive Directors. Additionally, six seasoned professionals—Arun Adhikari, Nish Bhutani, Preeti Vyas, Sunirmal Talukdar, Venkatesh Mysore, and Yogesh Chaudhary—are expected to join as Independent Directors. These appointments mark a critical step in establishing ABLBL's governance structure as it charts an independent course in the lifestyle and fashion retail space post-demerger.