Aditya Birla Real Estate Faces ₹4.85 Crore Stamp Duty Demand from Madhya Pradesh Revenue Board

Aditya Birla Real Estate Limited is facing a substantial demand from the Hon'ble Court of Revenue Board, Madhya Pradesh, for additional stamp duty and registration fees totaling ₹4.85 crore. The order, dated 16th March, 2026, was received by the company's advocates on 23rd March, 2026, and pertains to the transfer of Century Yarn and Denim Units during the financial year 2021-22.

The Revenue Board has alleged short payment of stamp duty on two key components of the business undertaking transfer:

- Land Value: ₹1,76,54,368 in stamp duty and ₹83,82,246 in registration fees, totaling ₹2,60,36,614. - Plant & Machineries: ₹1,24,84,000 in stamp duty and ₹99,87,200 in registration fees, totaling ₹2,24,71,200.

The total demand amounts to ₹3,01,38,368 in stamp duty and ₹1,83,69,446 in registration fees, summing up to ₹4,85,07,814.

The Hon'ble Court of Revenue Board has identified specific contraventions under the Indian Stamp Act, 1899, including:

- Alleged short payment of stamp duty on the execution of agreements for the transfer of undertakings. - Undervaluation of land in the transfer agreements. - Non-payment of stamp duty on plant and machineries.

These violations pertain to the Century Yarn and Denim Units that were transferred to a buyer during the financial year 2021-22.

Aditya Birla Real Estate Limited has disclosed that it intends to contest the demand issued by the Revenue Board. In its regulatory filing under Regulation 30 of SEBI Listing Regulations, the company has stated that there is presently no material impact on its financials, operations, or other activities due to this order. The company, formerly known as Century Textiles and Industries Limited, has provided the disclosure in compliance with SEBI Master Circular requirements and stock exchange listing obligations. The matter involves the valuation methodology applied during the business undertaking transfer and the corresponding stamp duty calculations under state regulations.

Additionally, Aditya Birla Real Estate has received a GST demand order worth ₹23,96,415 from Mumbai CGST authorities on 23rd March, 2026, concerning alleged ineligible Input Tax Credit for FY2019-20. The demand includes ₹11,98,208 each for CGST and SGST, plus a penalty of ₹23,96,415 and interest. The company will contest the order through appellate channels and expects no material business impact.

The company has outlined its approach to address the GST demand order. Aditya Birla Real Estate plans to contest the additional demand by filing an appeal with the appropriate appellate authority. Management has assessed that the order is not expected to have any material impact on the company's financial, operational, or other business activities. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular dated 30th January 2026, ensuring transparency with stakeholders regarding regulatory developments.