Aditya Birla Fashion and Retail Limited approved the appointment of Mr. Ashish Dikshit as Managing Director of the company with effect from February 1, 2018 in place of Mr. Pranab Barua. Mr. Dikshit presently serving as the business head of the company. Mr. Pranab Barua will step down from the position of the Managing director of the company with effect from the closing hours of January 31, 2018 and consequently he will cease to be one of the KMP of the company.

The board has appointed Mr. Barua as an additional director of the company with effect from February 1, 2018, proposed to be appointed as a non-executive director, liable to retire by rotation, subject to the approval of shareholders of the company at its upcoming AGM. Mr. S. Visvanathan has resigned from the post of CFO of the company to pursue his career outside the Aditya Birla Group. He will step down with effect from closing hours of February 28, 2018 and will therefore cease to be one of the KMP of the company.

Consequently, the board has approved the appointment of Mr. Jagdish Bajaj as CFO of the company, with effect from April 1, 2018.