Aditya Birla Fashion and Retail Limited (ABFRL) announced that its Board of Directors, in a meeting held on February 5, 2026, approved a Scheme of Amalgamation. This scheme involves the merger of two of its wholly-owned subsidiaries, Jaypore E-Commerce Private Limited and TG Apparel & Decor Private Limited, with ABFRL. Jaypore E-Commerce Private Limited is engaged in the sale of ethnic fashion merchandise and home decor items under the brand 'Jaypore'. TG Apparel & Decor Private Limited has not been actively engaged in business activities for the past three years. The amalgamation aims to simplify the legal and operating structure, streamline business and administrative operations, reduce costs, and enhance financial strength and flexibility for ABFRL, ultimately maximizing shareholder value. As ABFRL holds the entire share capital of both subsidiaries, no new shares will be issued in consideration for the amalgamation. The scheme is subject to necessary statutory and regulatory approvals, including from the National Company Law Tribunal, Mumbai. The net worth of Jaypore was ₹24.78 crore with a turnover of ₹90.33 crore as of March 31, 2025. TG Apparel & Decor Private Limited had a net worth of ₹1.23 crore. ABFRL's net worth stood at ₹8,298 crore with a turnover of ₹5,609 crore as of the same date. The Board meeting commenced at 3:30 p.m. and concluded at 5:32 p.m. on February 5, 2026. This information is also available on the company's website.
