03:24 PM, 24th Aug 2023
This is to inform you that consequent to the allotment of 19432 Equity Shares under ESOP Scheme 2021 of the Company the shareholding percentage of the Holding Company i.e. Aditya Birla Capital Limited (ABCL) in the Company now stands diluted to less than 50% of the paid up Equity Share Capital of the Company. Consequently the Company has ceased to be the Subsidiary of ABCL and therefore has also ceased to be Material Subsidiary of ABCL.