l AfVIOD

June 27, 2020

To BSE Limited Listing Dept./ Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001

Security Code : 500101 Security ID: ARVIND

National Stock Exchange of India Ltd. Listing Dept., Exchange Plaza, 5th Floor Plot No. C/1, G. Block Bandra-Kurla Complex Bandra (E) Mumbai - 400051

Symbol: ARVIND

Dear Sir/Madam,

Sub.: Outcome of the Meeting of the Board of Directors held on 27th June 2020

Ref.: Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We hereby inform you that the Board of Directors of the Company at its meeting held today has:

1. approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 31st March 2020.
1. not recommended dividend on Equity Shares for the year ended on 31st March 2020.
1. approved issue of Non-Convertible Debentures (NCDs) upto Rs. 150 crores on private placement basis to meet with general corporate purposes including capital expenditure, augmenting long term working capital and re-finance of existing loans.

Pursuant to Regulations 30 and 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following:

1. Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 3pt March 2020 along-with Auditors' Reports with unmodified opinion issued by the Deloitte Haskins & Sells LLP, Statutory Auditors of the Company.
1. A copy of the press release being issued by the Company in respect of Audited financial results for the quarter and year ended on 3l51 March 2020.
1. Investor Presentation for Q4 issued in this regard.

Arvind Limited, Naroda Road, Ahmedabad. 380 025, India Tel.: +917968268000 CJN: L 17119GJ1931 PLC000093

AfVIOD www arvind.com

The meeting of the Board of Directors of the Company commenced at 11:15 a.m. and concluded at ~ p.m .

We shall inform you in due course the date on which the Company will hold Annual General Meeting for the year ended 31st March 2020.

You are requested to take the above on your record and bring this to the Notice of all concerned .

Thanking you, Yours faithfully, ~-~ R. V. B1Ttmani

Encl.: As above

Arvind Limited. Naroda Road, Ahmedabad. 380 025, India Tel.: +917968268000 CJN: L 17119GJ1931 PLC000093

Chartered Accountants 19~ Floor, Shapath - V S G Highway Ahmedabad - 380 015 Gujarat, India

Tel : +91 79 6682 7300 Fax: +91 79 6682 7400

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF

Arvind Limited

Opinion and Conclusion

We have (a) audited the Standalone Financial Results for the year ended March 31, 2020 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2020 (refer 'Other Matters' section below), which were subject to limited review by us, both included in the accompanying "Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2020" of Arvind Limited ("the Company"), ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

(a) Opinion on Annual Financial Results

In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended March 31, 2020:

i. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the year then ended .

(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended March 31, 2020

With respect to the Standalone Financial Results for the quarter ended March 31, 2020, based on our review conducted as stated in paragraph (b) of Auditor's Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 31, 2020, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2020

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under Section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("the ICAI") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 31, 2020 under the provisions of the Act and the Rules thereunder, and we h~ .~ulfilled our other ethical responsibilities in accordance with these requirements and

the !CAi's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter

We draw attention to Note 9 to the standalone financial results, which describes the uncertainties and the impact of COVID-19 pandemic on the Company's operations and results as assessed by the management. Our report is not modified in respect of this matter.

Management's Responsibilities for the Statement

This Statement which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 31, 2020 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2020 that give a true and fair view of the net profit and other comprehensive loss and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities

(a) Audit of the Standalone Financial Results for the year ended March 31, 2020

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2020 as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Annual Standalone Financial Results.

Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant au.dit findings including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

(b) Review of the Standalone Financial Results for the quarter ended March 31, 2020

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2020 in accordance with the Standard on Review Engagements ("SRE") 2410 'Review of

Page 3 of 4

Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Other Matters

•Due to the COVID-19 related lock-down we were not able to participate in the physical verification of inventory that was carried out by the management subsequent to the year end. Consequently, we have performed alternate procedures to audit the existence of inventory as per the guidance provided in SA 501 "Audit Evidence - Specific Considerations for Selected Items" and have obtained sufficient appropriate audit evidence to issue our unmodified opinion on these Standalone Financial Results. Our report on the Statement is not modified in respect of this matter.
As stated in Note 6 of the Statement, the figures for the corresponding quarter ended March 31, 2019 are the balancing figures between the annual audited figures for the year then ended and the year to date figures for the 9 months period ended December 31, 2018. We have not issued a separate limited review report on the results and figures for the quarter ended March 31, 2019. Our report on the Statement is not modified in respect of this matter.
The Statement includes the results for the Quarter ended March 31, 2020 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter.

For Deloitte Haskins and Sells LLP

Chartered Accountants

(Firm's Registration No. 117366W/W-100018)

Kartikeya Raval

(Partner)

Place: Ahmedabad

Date: June 27, 2020

	STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31,2020
						[? in Crores except per snare dida]
Sr.	Particulars		Quarter Ended			Year Ended
No.		31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
			Unaudited		Audited	Audited
		Refer Note 6		Refer Note 6		Refer Note 3
$\mathbf{1}$
	Income
	(a) Revenue from Operations (b) Other Income	1,489.56 18.60	1,695.70 17.66	1,649.26 47.01	6,705.31 80.16	6,435.96
	Total Income	1,508.16	1,713.36	1,691.27	6,765,47	103.85 6,539.81
$\overline{2}$	Expenses
	(a) Cost of naturials consumed	745.94	806.18	721.39	3,158.37	2.822.50
	(b) Purchase of stock-in-trade	64.37	62.50	16.73	214.71	154.70
	(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	(7b.36)	26.75	17.01	64.27	3.27
	(d) Project Expenses	26.85	0.48	0.39	27.69	4.44
	(e) Employee benefits expense	168.63	189.12	200.12	776.12	779.19
	(1) Finance Costs	48.42	57.92	59.14	224.10	213.38
	(g) Depreciation and amortisation expense.	61.27	62.38	54.13	240.54	209.75
	(h) Other Expenses	389.85	428.04	545.54	1,770.74	2,038.73
	Total Expenses	1,428.97	1,633.37	1,614.45	6,476.54	6,225.96
3	Profit before Exceptional Items and Tax from continuing operations (1-2)	79.19	79.99	76.82	308.93	313.85
4	(Less) : Exceptional Item (Refer Note 4)	(43.60)	(2.17)	(14.31)	(58.82)	(70.85)
$\mathbb S$	Profit before tax from continuing operations $(3+4)$	35.59	77.82	62.51	250.11	243.00
ū	Tax Expense:	9.35	14.00	15.30	48.71	53.56
	- Current Tax - (Excess) / short provision of earlier years	11.95		(0.35)	11 95	31.97
	- Deterred Tax charge /(credit)	$(9 - 17)$	9.86	(15.10)	18.07	(56.00)
	Total Tax Expense / (credit)	11.83	23.86	(0.15)	78.73	29.53
$\gamma$	Profit for the period from continuing operations (S-6)	23.76	53.96	62.66	171.38	213.47
8	Loss before tax from discontinued operations (Refer Note 3)	$\sim$	$\sim$	$\sim$	w	(20.70)
9	Tax Credit of discontinued operations	Φ	÷	w	÷	(6, 67)
10	Loss from discontinued operations after Tax (8-9)	c	÷	$\overline{\phantom{a}}$	٠	(14.03)
11	Profit for the period $(7+10)$	23,76	53.96	62.66	171.38	199.44
12	Other Comprehensive Income / (Loss) (net of tax)
	(a) Items that will not be classified to profit and loss			0.07		0.07
	(i) Equity Instruments through Other Comprehensive Income (FVOCI). (ii) Remeasurement of defined benefit plan	14.73	(4, 71)	2.37	0.60	${17.12}$
	(iii) Income tax related to items no (ii) above	(5.14)	1.65	(0.93)	(0.21)	5.98
	(b) Items that will be reclassified to profit and loss
	(i) Effective portion of gain or loss on cash flow hedges.	(44.83)	(3.12)	7.51	(77, 34)	31.53
	(ii) Income tax related to items no (i) above	15.67	1.09	(2.63)	27.03	(11.02)
	Other Comprehensive Income / (Loss) (net of tax)	(19.57)	(5.09)	6.49	(49.92)	9.44
13	Total Comprehensive Income for the period (11+12)	4.19	48.87	69.15	121.46	208.88
1.4	Paid-up Equity Share Capital ( Face Volue < 10 / F per share)	258.77	258.77	258.62	258.77 2594.92	258.62 2557,50
15 16	Other Equity Earnings per Share in Rs. - (Not Annualised)
	Continuing Operations:
	$ 5451$ C	0.91	2.09	2.42	6.62	8.25
	- Onuted	0.91	2.09	2.42	5.67	8.25
	Discontinued Operations:
	$-$ Basic	×	×	¥	ä,	(0.54)
	- Diluted	÷	$\star$	$\rightarrow$	$\overline{\phantom{a}}$	(0, 54)

	Continuing and Discontinued Operations :				6.62	7.71
	$-$ Basic	0,91	2.09	2.42		7.71
	- Diluted	0.91	2.09	2.42	6.62
	(See accompanying notes to the Standalone Financial Results)

$\tilde{\mathcal{C}}$

$\overline{\mathcal{R}}$

$\frac{\partial}{\partial t}$

$\overline{\omega}$

$\sim$

Arvind Limited,
Naroda Road,
Alumedabad, 380 025, India
Tel.: +91 79 68268000
CIN: 117119G/1931PLC000093

Notes:

$\ddot{a}$

1 The above audited standalone financial results were reviewed by the Audit Commutee and have been considered and approved by the Board of Directors at the Sound of Directors at
On April 1, 2019, the Company has adopted IND AS 116, Leases, using modified retrospective method. Accordingly, the comparatives have not been
retrospectively adjusted. The adoption of IND AS 116, did not have any material $\geq$
The National Company Law Tribunal, Ahmedabad Bench vide its order dated October 26,2018 has approved the scheme of arrangement for demerger of
Branded Apparel undertaking of the Company to Arvind Fashions Limited ("AFL") w $\bar{3}$

Branded Apparels Business:

Particulars	For the Period
	From 01.04.18 to 29.11.18
Tetal Income (3)	52.54
Total Expenses (B)	13.24
$(c)$ toss before tax $(a-b)$	(20.70)
(d) Tax Credit	(6.67)
(e) Loss from discontinued operations	(14.03)
Exceptional dems represents following:

Particulars		Quarter Ended		Year Ended
	31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
	Refer Note 6		Refer Note 6		Refer Note 3
(a) Retrenchment Compensation	10.58	1.36	4.44	18.71	13.43
(b) Provision for Impairment/Loss on Sale of Investments/Loans/share
application money	12.05	0.31	9,87	24.09	24.87
[c] Reversal of GST credit due to change in rule of claiming refund of		$\sim$	$\sim$	$-46.$	23.55
inverted duty and amendment in the Act with respect to Textile and Textile
Article
(d) Reversal of Excise Duty Provision	$\approx$	$\sim$		(4.95)
Impact Due to Covid19
(a) Loss of mark to market of derivative financial instruments	11.40	S.	Sales	1.40
(b) Allowances for doubtful receivables	3.28	$\sim$	Y.	3.28
Tc) Reversal of Benefit under Garment and Apparel Policy, 2017.	5.29	$\sim$	$\sim$	6.29
Total	43.60	2.17	14.31	58.82	70.85

5 Additional disclosure as per Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015:

(a) Details of previous dues and next dues for Priorical and Interest for unsecured listed rated redeemable non-spoyed this debentures -

Sr.	Particulars		Previous Due		Next Due
NO.			Principal	Interest	Principal	Interest
1	Series 1 - INEO34A08032	Due Date Arnount t in Crores	řI I	10-09-2019 4.00	08-09-2020 50.00	08-09-2020 4.13
	Series 2 - INE034A08032	Due Date Amount ? in Crores	图	10-09-2019 4.00	08-09-2021 50.00	$03 - 09 - 2020$ 4,13
$\overline{\mathbf{z}}$	Series 1 - INE034A08040	Due Date Amount 7 in Crores	NI	30-09-2019 3.90	29-09-2020 50.00	29-09-2020 4.03
	Series 2 - INE034A08057	Due Date Amount ? in Crores	NI	30-09-2019 3.90	29-09-2022 50.00	29-09-2020 4.03
(3)	Credit Rating	AA.
(E)	Asset Cover	Not Applicable
(d)	Debt Equity Ratio (No. of times)	0.81 times
${e}$	Debt Service Coverage Ratio (No. of times).	1.23 turres
(1)	Interest Service Coverage Ratio (No. of times).	3.19 times
(1)	Net Worth (Courty + Reserves & Surplus)	3 2.853.69 Crures
(1)	Debenture Redemation Reserve	₹ 50 Crores
(i)	Formulae for computation of ratios are as under :
	(i) Debt Service Coverage Ratio	Earnings before Interest, Tax, Depreciation & amortisation / Interest Expenses + Principal Repayments made during the year of long term loans.
	(ii) Interest Service Coverage Ratio	Earnings before Interest, Tax, Depreciation & amortisation / Interest Expenses
	(iii) Debt / Equity Ratio	Total Debt / Equity

Arvind Limited, Naroda Road, Ahmedabad, 380 025, India Tel: +91 79 68268000 CIN: L17119GJ1931PLC000093

$\Gamma$

The figures for the quarter ended March 31,2020 and March 31,2019 are the balancing figures beliveen audited figures in respect of the full financial year and $\tilde{\mathfrak{h}}$ the unaudited published year-to-date figures upto the third quarter ended December 31,2019 and December 31,2018 respectively which ware subjected to havitan rouge
$\lambda$ Other Income includes share of Loss from LLPs emounting to < 0.18 and < 0.30 siver for the quarter and year ended March 31, 2020 respectively (previous year iloss of R 0.26 and R 0.17 crore for the quarter and year ended March 31, 2019 respectively)
During the previous quarter, in view of Ministry of Textiles, Government of India's Gazette Noufication number CG-DL-E-15012020-215422 dated January 14,
2020, the Company has reversed the Merchandise Export from India Sche 8 from March 07, 2019 to December 31, 2019 in the standalone financial results.
9 World Health Organisation (WHO) declared outbreak of Coronavirus Disease (COVID-19) a global pandemic on March 11, 2020. Consequent to this Government of India declared lockdown on March 23, 2020 and the Company temperarily suspended the operations in all the rinks of the Company in compliance with the lockdown instructions issued by the Central and State Governments. COVID-19 has substantially impacted the normal business operation of the Company by way of interruption in production, supply chain disruption, unavailability of personnel, closure/lock down of production facilities etc. during the fock-down period which has been extended till May 17, 2020. Production and supply of goods has commenced at various dates during the month of May 2020 and in a staggered manner at some of the manufacturing focations of the Company after obtaining permissions from the appropriate government authorities. The Company has made detailed assessment of its liquidity position for the next year including unutilised sanctioned credit limits and avenues to raise new funds / refinancing, recoverability of its assets comprising of property, plant and equipment, intangible assets, right of use assets, investments, inventories and trade receivables. Based on current indicators of future economic conditions and estimates made by the Management of the Company, the Company expects to recover the carrying amount of these assets. It expects short term challenges in operating environment and has undertaken various cost containment initiatives which will yield results in medium to long term. At this time, the Company expects demand to pick up in long term and attain pre-covid levels of performance. It has also assessed the probability of occurrence of forecasted transactions under the hedging relationships and continues to evaluate them as highly probable considering the orders in hand.

The situation is changing rapidly giving rise to inherent uncertainty around the extent and timing of the potential future impact of the COVID-19 on revenue The space of approval of these Ind AS financial statements and account receivables. The outcome of the same may be different from that estimated as at
The date of approval of these Ind AS financial statements. The Company conditions and impact on its business.

10 The figures for the corresponding previous period have been regrouped/reclassified/restated wherever necessary to make them comparable with the current year's classification.

For Arvind Limited

Ahmedabad June 27,2020 Sameour Quin Sanjay S.La(bha) Chairman & Managing Director

Arvind Limited. Naroda Road, Ahmedabad, 380 025, India Tel: +91 79 68268000 CIN: L17119GJ1931PLC000093

SF. NO	Particulars		Quarter Ended		Year Ended	If in Crures:
		31.03.2020	31.12.2019	31.03.2019	31.03.2020	31.03.2019
			Unaudited		Audited	AUCER20
		Refer Note 6		Refer Nate 6		Refer Note 3
	1 Seyment Revenue (Net Sales / Income from Operations)
	(a) Textiles	1.312.47	1,807.93	1,452.26	5,982.09	5,800.76
	(b) Advanced Material (c) Others	159.27	164.88	165.76	628.78	538.72
	Total	1782	24.01	32.38	90.34	112.11
	Less : Inter Secment Syles	1,489.56	1,696.82 1.12	1,650.40 1.14	6.706.81 3.50	6, 441.59 5.63
	Net Sales / Income from Operations from Continuing operations	1,489.56	1,695.70	1,649,26	6,705,31	6,435.96
2	Segment Results (Profit and (Lass) before interest & Tax)
	(a) Textiles	86.81	136.31	128.72	496.41	509.04
	(b) Advanced Material	19.59	17.86	15.74	75.05	40.64
	【どき Others Total from Continuing operations	£12.301	(15.54)	(6.37)	(55.35)	(43.23)
	: 2293	94.10	138.63	137.69	515.61	506.45
	(a) Interest and Finance Charges (Nel)	48.42	57.92	59.14	224.10	213.38
	(b) Other Unallocable expenditure (net of un-allocable income)	10.09	2.89	16.04	41.40	50,07
	Profit Before Tax (Continuing operations)	35.59	77.82	62.51	250.11	243.00
	3 Segment Assets
	(a) Textiles	4.367.8?	4,260.37	4.535.27	4.367.87	4.585.27
	(b) Advanced Material (c) Others	408 00 149.88	449.78 130.89	448.31 144.40	406.00 149.88	448.31 1.44.40
	(d) Unallocable	1,890.60	1.887.77	1.835.90	1.890.80	1,835.90
	Segment Assets from Continuing operations	6.814.55	6,728.62	7,013.88	6,814.55	7.013.88
	4 Segment Liabilities
	(a) lextiles	1.441.45	1:178.32	1.279.57	1,641.45	1,279.57
	(2) Advanced Matonal	58.58	69.05	57.98	58.50	67.98
	Cthers $i \in \mathbb{R}$	54.78	50.03	47.99	\$4.78	47,99
	(d) Unallocable	93.45	145.54	150.71	93.45	150.71
	Segment Liabilities from Continuing operations	1,648.18	1,434.94	1,546.25	1,648.18	1,545 25

$40 - 3 + 0.51177$

No		31.03.2020
			31.12.2019	31.03.2019	31.03.2020	31.03.2019
		Refer Note 6		Refer Note 6		Refer Note 3
	Segment Revenue (Net Safes / Income from Operations)					52.53
	Segment Results (Profit and (Loss) before interest & Tax)					(18.97)
3	Segment Assets		۰
đ.	Segment Lipbilities

$\mathcal{I}$ .

$\bar{\nu}$

Sanjay S.Lalbhai
Chairman & Managing Duector

Arvind Limited, Naroda Road, Ahmedabad, 380 025, India Tel: +91 79 68268000
CIN: L17119GJ1931PLC000093

$\cancel{A}$

			[₹ in Crores]
	Particulars	As At 31.03.2020	As At 31.03.2019
		Audited	Audited
	ASSETS
羹	Non-current Assets
	(a) Property, Plant and Equipment	3 256 96	3.027.31
	(b) Capital work-in-progress	70.29	187.92
	(c) Investment Property (d) Other Intangible Assets	35.81	35.65
	(e) Intangible Assets under development	78,28 0.29	109.35 1.66
	(e) Right of Use Assets	89.72
	(g) Financial Assets
	(i) Investments	525.47	516.53
	(ii) Loans	0.94	1.34
	(iii) Other Financial Assets	30.05	33.11
	(h) Other Non-current Assets Sub-Total - Non-current Assets	8.73 4,096.54	21.55 3,934.42

	Current Assets (a) Inventories	1,038.46	1,364.93
	(b) Financial Assets
	(i) Trade Receivables	898.32	714.38
	(ii) Cash & cash equivalents	20,61	23.12
	(iii) Bank balances other than(ii) above	9.51	8.07
	(iv) Loans	305.15	255.11
	(v) Other Financial Assets	87.37	182.05
	(c) Current Tax Assets (Net)	19.58	76.46
	(d) Other Current Assets Sub-Total - Current Assets	248.53 2,627.53	366.31 2,990.43
	Assets Held for Sale	90.48	89.03

	TOTAL - ASSETS EQUITY AND LIABILITIES	6,814.55	7,013.88
	Equity
	(a) Equity Share Capital	258,77	258.62
	(b) Other Equity Sub-Total - Equity	2,594.92 2,853.69	2,557.50 2,816.12

	Liabilities Non - Current Liabilities
$\mathbf{1}$	(a) Financial Liabilities
	(i) Borrowings	953.21	969.15
	(ii) Lease Liabilities	91.70
	(iii) Other Financial Liabilities	6.35	1.67
	(b) Provisions	42.15	44.76
	(c) Deferred Tax Liabilities (Net)	22.01	39.31
	(d) Government Grants Sub-Total - Non-current Liabilities	68.55 1,183.98	59.94 1,114.83

	Current Liabilities (a) Financial Liabilities
	(i) Borrowings	1,111.83	1,536.34
	(ii) Lease Liabilities	26.30
	(iii) Trade Payables
	- Lotal outstanding clues of micro enterprises and small enterprises.	8.93
	- total outstanding dues of creditors other than micro enterprises.	1,109.38	1,194.45
	and small enterprises
	(iv) Other Financial Liabilities	417.86 82.81	295.13 42.45
	(b) Other Current Liabilities (c) Provisions	13.06	9.96
	(d) Government Grants	6.71	4.60

	Sub-Total - Current Liabilities	2,776.88	3,082.93

Ahmedabad
June 27,2020

SELLE CALE SLAU Sanjay S.Lalbhai
Chairman & Managing Director

Arvind Limited, Naroda Road, Natuse Noad,
Ahmedabad, 380 025, India
Tel: +91 79 68268000
CIN: L17119GJ1931PLC000093

$\overline{\phantom{a}}$

homographic con-

$\mathbf{\hat{x}}$

	Year ended			詳細(reres)
Particulars	March 31, 2020			Year ended March 31, 2019
	Audited			Audited
				Refer Note 3
A Cash Flow from Operating activities
Profit after taxation		171.38		199.44
Adjustments to reconcile profit after tax to net cash flows:
Depredation and Ameritzation expense Diterest Income	240.54		214.54
Sansox3 x67	(35.48) 78 73		(39.92) 27,36
Preance Costs	224.13		215.12
Oividend Income Allowances for doubtful receivables	(5.50) 328		(2,20)
Sundry Debit Written off	3.27		1.93 0.33
Sundry Credit Balances written back Share of Loss from LLP	$\mathcal{L}$ .		(3,79)
Provision for Non moving inventory	0.10 39.69		0.17 26.34
Foreign Exchange Loss / (Gam).	(9.05)		5.31
Fored Assets written aff (Profit)/Loss on Sale of Property, plant and equipment	2.19		0.41 (10.94)
Excess Provision written back	(0.48)		(3.95)
Share based payment expense. Government grant income	1.12		1,23
Loss of Mark to market of derivative financial instruments	(6.31) 11.40		(4.03)
Provision for Duninution in value of share application money.	3.49
Provision for Diminution in Value of Investments Allowances for doubtiul loan	21.79 0.81		16.07 8.80
Reversal of GST Credit	m.		27.55
Reversal of Excise Duly Provision	(4.95)
Financial quarantee commission income	(1.10)	563.84	${4.85}$	471.93
Operating Profit before Working Capital Changes		735.22		671.37
Adjustments for changes in working capital;
(Increase) / Decrease in Timentories	308.04		(S7S2)
(Increase) / Decrease in trade receivables (Increase) / Decrease in other current assets	(177.67) 117.57		13.49 (13,54)
(Increase) / Decrease in other financial assets	47.49		(24.56)
Increase / (Decrease) in trade payables	(72.11)		250.80
Increase / (Decroase) in other financial liabilities Increase / (Decrease) in other current liabilities	(9,72) 35.18		(18.66) (2.97)
Increase / (Decrease) in provisions	1.11		(7,57)
Net Changes in Working Capital Cash Generated from Operations		249.89 985.11		108.87 780.24
Direct Taxes paid (Net of Tax refund)		(2.20)		154.911
Net Cash Flow from Operating Activities (A)		982.91		725.33
B Cash Flow from Investing Activities
Purchase of Property, plant and equipment and intangible assets Proceeds from disposal of Property, plant and equipment	(321.61) 16.31		(410.92) 39.94
Disposal of Property, plant and equipment due to Demerger.			18.49
Purchase of Investments Disposal of Investments due to Demerger	(3102)		(76.33) 430.92
Changes in other bank balances not considered as cash and cash neurvalents.	(1.23)		(0, 41)
(net) bisees enset. Dividend Received	(50.46) 550		(44.00) 2.20
Interast Received	45.97		3.48
Net Cash Flow from/(used in) Investing Activities (8)		(336.54)		(32.13)
C Cash Flow from Financing Activities
Proceeds from Issue of Share Capital Dividend Paid (including Dividend Distribution Tax)	0.86 (61.82)		(74.41)
Proceeds from long term Borrowings	446.65		591.69
Amount recovered for long term Borrowings due to Demerger Repayment of long term borrowings	(360.93)		(5.38) (371.85)
Proceeds from short term Barrowings	2,576.69		2,375.36
Aniquat recovered for short term Borrowings due, to Demerger			(17.77)
Repayment of short term borrowings. Repayment towards Lease Liabilities	(3,001,20) (33, 47)		(2,485,68)
Interest Paid	(216.73)		(214.72)
Net Cash Flow used in Financing Activities (C)		(650, 00)		(199.76)
Net Increase/(Decrease) in cash and cash equivalents (A)+(B)+(C)		(3,63) 22.84		493.44 7.26
				(477.86)
Cash and Cash equivalent at the beginning of the year Add: Adjustment due to Demorger		19.21		22.84
Cash and Cash equivalent at the end of the year
Reconciliation of cash and cash equivalents				Year ended
Particulars			Year ended
			March 31. 2020	2019
Cash and cash equivalents :				March 31,
Cash on Hand Cheques on hand			0.01 3.77	0.01
Enlances with Banks			16.63	23.11
Cash and cash equivalents as per Balance Sheet			20.61	23.12
Less Book Overdrafts			(1.40) 19.21	(0.28) 22.84
Cash and cash equivalents as per Cash flow Statement				For Arvind Limited

Ahmedabad			Senant say summer	Sanjay S.Lalbhai

Arvind Limited, Nond clinics,
Naroda Road,
Tel.: +91 79 68268000
CIN: L17119G/1931PLC000093 $\bar{\chi}$

Chartered Accountants 19" Floor, Shapath - V S G Highway Ahmedabad - 380 015 Gujarat, India

Tel: +91 79 6682 7300 Fax: +91 79 6682 7400

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS