Aditya Birla Fashion & Retail Ltd

Aditya Birla Fashion and Retail Limited (ABFRL), formerly known as Pantaloons Fashion & Retail Limited, was formed after the consolidation of the branded apparel businesses of Aditya Birla Group comprising Aditya Birla Nuvo Ltd.'s (ABNL) Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion & Retail Limited (PFRL) and Madura Garments Lifestyle Retail Company Limited (MGLRCL) in May 2015. Post consolidation; PFRL was renamed as Aditya Birla Fashion and Retail Limited effective from 12 January 2016. The Company is largest pure-play fashion and lifestyle entity with an elegant bouquet of leading fashion brands and retail formats. It is presently engaged in manufacturing and retailing of branded apparels and runs a chain of apparels and accessories retail stores.

Pantaloons Fashion & Retail Limited (PFRL) was listed on the bourses and trading in the company's share commenced 17 July 2013 after implementation of a Scheme of Demerger. The Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956, entered into between Future Retail Limited (earlier known as Pantaloon Retail (India) Limited) (FRL), PFRL and their respective shareholders and creditors and Indigold Trade and Services Limited (ITSL) (as the shareholder of PFRL), regarding the demerger of 'the Pantaloons Format Business' (Demerged Undertaking) of FRL (Scheme), was made effective by the Board of Directors of PFRL at its meeting held on 8 April 2013 after receipt of all the requisite approvals and on completion of all the conditions precedents enumerated in the Scheme. Accordingly, as per the terms of the Scheme, the entire Demerged Undertaking was transferred to and vested in PFRL with effect from 1 July 2012. In terms of the Scheme, the name of the company was changed from Peter England Fashions and Retail Limited to Pantaloons Fashion & Retail Limited (PFRL) and the Authorised Equity Share Capital of the company was increased from Rs 10 crore to Rs 100 crore.

On 3 May 2015, A