Board of Aditya Birla Fashion & Retail approves partnership with 'Tarun Tahiliani' Brand

At meeting held on 24 February 2021The Board of Aditya Birla Fashion & Retail at its meeting held on 24 February 2021 approved a
strategic partnership with the brand 'Tarun Tahiliani' for its current couture business, as well as launch of a
new line of affordable premium men's ethnic wear.
The said partnership is being executed through:
(1) Acquisition of 33.5% stake in Goodview Properties (GPPL) (current business) by way of entering
into a Share Purchase and Subscription agreement (SPSA) along with a Shareholders Agreement
(SHA). The current couture business under the brand 'Tarun Tahiliani' will be run within this entity, which
was erstwhile residing in the entity named Tahiliani Design Private (TDPL). As a part of the

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