Aditya Birla Fashion and Retail Ltd on Tuesday announced its top leadership succession plan for the Pantaloons brand, with the appointment of Suraj Bahirwani as CEO Designate. Bahirwani will succeed incumbent Sangeeta Tanwani from October 1, 2026, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. The company's board at its meeting held on March 24, 2026, has appointed Suraj Bahirwani as CEO (Designate) - Pantaloons and senior managerial personnel (SMP) of the company with effect from April 1, 2026, and as CEO - Pantaloons and SMP with effect from October 1, 2026, it added. Sangeeta Tanwani, CEO - Pantaloons and whole-time director (WTD) and key managerial personnel (KMP) of the company, will oversee a planned and phased leadership transition of her role as CEO-Pantaloons and will continue to be CEO-Pantaloons till September 30, 2026, the filing added. The company further said that from October 1, 2026 till her retirement on January 31, 2027, she will support
Aditya Birla Fashion and Retail Ltd on Thursday reported widening of consolidated net loss to Rs 137.3 crore for December quarter FY26, on account of impact of new Labour Codes. The company had posted a consolidated net loss after tax from continuing operations at Rs 102.68 crore in the corresponding period last fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 2,373.66 crore as against Rs 2,200.52 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 2,546.91 crore as compared to Rs 2,345.93 crore, the company said, adding an exceptional outgo of Rs 28.48 crore has been provided due to the impact of new Labour Codes. In an investor presentation, the company said demand environment remains soft and consumer footfalls were weaker than expected. Overall growth moderated on account of impact in masstige and value segment, it added. "In a quarter mark
Aditya Birla Fashion and Retail share price slumped 8.5 per cent to ₹65.78, the lowest level since May 11, 2021, on the National Stock Exchange (NSE)
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