L ArVIno

May 18, 2022 .

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 Sandra (E) Mumbai - 400051

Symbol : ARVIND

Dear Sir/Madam,

Sub.:-Outcome of the Meeting of the Board of Directors held on 18th May 2022

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 2022;
1. not recomme.nded dividend on Equity Shares for the year ended on 31st March 2022;
1. upon recommendation of the Audit Committee, reappointed Deloitte Haskins & Sells LLP, Chartered Accountants (Firm's -Registration No.117366W/W-100018), statutory auditors of the Company to hold office from the conclusion of the 91s¹Annual General Meeting until the conclusion of the 96¹ ^hAnnual General Meeting to be held in 2027, subject to the approval of shareholders of the Company and
1. upon recommendation of Nomination and Remuneration committee and subject to the approval of shareholders of the Company, approved the reappointment and remuneration of Mr. Punit Lalbhai and Mr. Kulin Lalbhai, Executive Directors, for a period of 5 years from 1st August 2022 to 31st July 2027.

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

1. Audited Stan_dalone and Consolidated Financial Results of the Company for the quarter and year ended on 31st March 2022 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 the Audited financial results for the quarter and year ended on 31st March 2022.
1. Investor Presentation for Q4 issued in this regard.

The r:neeting of the Board of Directors of the Company commenced at 11:30 a.m. and concluded at 13:45

We shall inform you in due course the date on which the Company will hold Annual General Meeting for the year ended 3151 March 2022.

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

Thanking you, Yours faithfully, ~ ·-

Encl.: As above

L ArVIno

Chartered Accountants 19th floor, Shapath-V S.G. Highway Ahmedabad-380 015 Gujarat, India

Tel: +91 79 6682 7300 Fa..:: +91 79 6682 7400

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

TO THE BOARD OF DIRECTORS OF ARVIND LIMITED

Opinion and Conclusion

We have (a) audited the Consolidated Financial Results for the year ended March 31, 2022 and (b) reviewed the Consolidated Financial Results for the quarter ended March 31, 2022 (refer ' Other Matters' section below), which were subject to limited review by us, both included in the accompanying "Statement of Consolidated Financial Results for the Quarter and Year Ended March 31, 2022" of ARVIND LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its joint ventures for the quarter and year ended March 31, 2022, ("the Statement") being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations") .

(a) Opinion on Annual Consolidated Financial Results

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of other auditors on separate financial statements of subsidiaries and joint ventures referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 31, 2022:

(i) includes the results of the entities as given in Annexure 1 to this report;
(ii) is presented in accordance with t he requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requ irements) Regulations, 2015, as amended; and
(iii) 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 consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the year ended March 31, 2022.

(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 31, 2022

amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Consolidated Financial Results for the year ended March 31, 2022

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 Group and its joint ventures 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 Consolidated Financial Results for the year ended March 31, 2022 under t he provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion.

Management's Responsibilities for the Statement

This Statement, which includes the Consolidated Financial Results is the responsibility of the Parent's Board of Directors and has been approved by them for t he issuance. The Consolidated Financial Results for the year ended March 31, 2022, has been compiled from the related audited consolidated financial statements. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the quarter and year ended March 31, 2022 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group including its joint ventures 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 I ndia and in compliance with Regulation 33 and Regulation 52 of the Listing Regulations.

The respective Board of Directors of the companies included in the Group and of its joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its joint ventures 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 respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Parent, as aforesaid.

In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and of its joint ventures are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicabie, matters related ·to going concern a·nd using the going · concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.

Auditor's Responsibilities

(a) Audit of the Consolidated Financial Results for the year ended March 31, 2022

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended March 31, 2022 as a whole are 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 Consolidated 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 Consolidated 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 such controls.
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 and Regu lation 52 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 Group and its joint ventures tb 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 Consolidated Financial Results 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 Group and its joint ventures to cease to continue as a going concern .
Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
Perform procedures in accordance with the circular issued by the SEBI under Regulation. 33(8) of the Listing ·Regulations to the extent applicable.
Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the entities within the Group and its joint ventures to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other

entities included in the Annual Consolidated Financial Results, which have audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Consolidated 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 Consolidated Financial Results.

We communicate with those charged with governance of the Parent and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit 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 Consolidated Financial Results for the quarter ended March 31, 2022

We conducted our review of the Consolidated Fina ncial Results for the ,quarter ended March 31, 2022 in accordance with the Standard on Review Engagements (SRE) 2410 'Review of 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.

The Statement includes the results of the entities as listed under paragraph (a)(i) of Opinion and Conclusion section above.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obl igations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

Other Matters

• The Statement includes the results for the Quarter ended March 31, 2022 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 is not modified in respect of this matter.

We did not

881.58 crores for the quarter and year ended March 31, 2022 respectively, total net loss after tax of Rs 35. 70 crores and Rs. 86.50 crores for the quarter and year ended March 31, 2022 respectively and total comprehensive loss of Rs 37.04 crores and Rs. 98. 70 crores for the quarter and year ended March 31, 2022 respectively and net cash inflows of Rs. 5. 79 crores for the year ended March 31, 2022, as considered in the Statement. The consolidated financial results also include the Group's share of loss after tax of Rs 1.10 crores and Rs. 1.74 crores for the quarter and year ended March 31, 2022 respectively and total comprehensive loss of Rs 1.10 crores and Rs. 1.75 crores for the quarter and year ended March 31, 2022 respectively, as considered in the Statement, in respect of 1 joint venture whose financial statements have not been audited by us. These financial statements have been audited by other auditors whose reports have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint venture, is based solely on the reports of the other auditors and the procedures performed by us as stated under Auditor's Responsibilities section above.

Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of other auditors.

• The consolidated financial results include the unaudited financial statements of 6 subsidiaries, whose financial statements reflect total assets of Rs. 50.90 crores as at March 31, 2022 and total revenues of Rs 63.70 crores and Rs. 165.74 crores for the quarter and year ended March 31, 2022 respectively, total net loss after tax of Rs 2.74 crores and Rs. 2.98 crores for the quarter and year ended March 31, 2022 respectively and total comprehensive loss of Rs 2.13 crores and Rs. 2.38 crores for the quarter and year ended March 31, 2022 respectively and net cash inflows of Rs. 0.24 for the year ended March 31, 2022, as considered in the Statement. The consolidated financial results also include the Group's share of profit after tax of Rs 0.05 crores and Rs. 0.64 crores for the quarter and year ended March 31, 2022 respectively and total comprehensive income of Rs 0.05 crores and Rs. 0.64 crores for the quarter and year ended March 31, 2022 respectively, as considered in the Statement, in respect of 6 joint ventures, whose financial statements have not been audited by us. These financial statements are unaudited and have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint ventures, is based solely on such unaudited financial statements. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial statements are not material to the Group.

Our report on the Statement is not modified in respect of the above matter with respect to our reliance on the financial statements certified by the Board of the Directors.

For DELOITTE HASKINS & SELLS LLP

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

J<~~iJ.

Kartikeya Raval (Partner) (Membership No. 106189) UDIN: 2 2... \e>6 \ ~" A-3 f. t. G-Q 3 \~2-

Place: Ahmedabad Date: May 1.8, ²⁰²²

Annexure to Independent Auditor's Review Report

The Parent

Arvind Limited

List of Subsidiaries

1. Arvind PD Composite Private Limited
1. Arvind OG Nonwovens Private Limited
1. Arvind Internet Limited
1. Arvind Goodhill Suit Manufacturing Private Limited
1. Arvind Smart Textile Limited
1. Syntel Telecom Limited
1. Arvind Envisol Limited
1. Arvind Worldwide Inc. USA
1. Arvind Nilloy Exports Private Limited
1. Arvind Textile Mills Limited
1. Westech Advanced Materials Limited
1. Arvind Lifestyle Apparel Manufacturing PLC, Ethiopia
1. Brillaire Inc, Canada
1. Maruti and Ornet Infrabuild LLP
1. Arvind Sports Fashion Private Limited (Formerly known as Arvind Ruf and Tuf Private Limited)
1. Arvind Premium Retail Limited
17.Arvind True Blue Limited
1. Arvind Enterprise FZC
1. Arvind BKP Berolina Private Limited (Formerly known as Arvind Transformational Solutions Private Limited)
1. Arya Omnitalk Wireless Solutions Private Limited
1. Arvind Envisol, PLC
1. Enkay LLP
1. Arvind Engineered Component Panels Private Limited (Formerly known as Arvind Polser Engineered Component Panels Private Limited)
1. AJ Environmental Solutions Company
1. Arvind Norm CBRN Systems Private Limited [w.e.f March 04, 2022]

List of Joint Ventures

1. Arya Omnitalk Radio Trunking Services Private Limited
1. Arudrama Developments Private Limited
1. Arvind and Smart Value Homes LLP
1. Arvind Norm CBRN Systems Private Limited [up to March 03, 2022]
1. Adient Arvind Automotive Fabrics India Private Limited
1. PVH Arvind Manufacturing PLC
1. Clean Max Kartos Private Limited [ w.e.f March 08, 2022]

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	STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2022
					[ ' in Crores except per share dat a]
	Sr. Particulars		Quarter Ended			Year Ended
No		31.03.2022		31.12.2021 31.03.2021 31.03.2022 31.03.2021
		Refer Note 8		Unaudited Refer Note 8	Audited	Audited
1	Income
	(a) Revenue from Operat;ons	2,203.SO	2,27S.66	1,6S4.87	8,033.73	S,072.98
	(b) Other I ncome	9.80	13.23	21.39	SO.SS	Sl.S9
	Total Income	2,213.30	2,288.89	1,676.26	8,084.28	5,124.S7
2	Ex penses
	(a) Cost of materials consumed	1,2S7.60	1,lSl.88	760.S7	4,334.61	2,088 82
	(b) Purchase of stock-In-trade	108.S9	84.74	80.13	308.48	271.81
	(c) Changes In Inventories of finished goods, work-In-progress and stock-In-trade	(322.S6)	6.7S	(38.61)	(S2l.OS)	161.64
	(d) Project Expenses	l2S.7S	21.20	13.4S	208.46	39.86
	(e) Employee benents expense	200.01	208.93	190.39	809.26	696.Sl
	(f) Finance Costs	40.42	40.S4	S0.93	176.43	224.51
	(g) Depreclat;on and amortisation e>.pense	72.25	67.24	68.SS	272.01	285.lS
	(h) other Expenses	S99.16	565.32	440.95	2 105.64	l,3S1.73
	Total Ex penses	2,081.22	2, 146.60	1, S66.36	7, 693.84	5, 120.03
3	Profit before Share of Profit of Joint Ventures and Exceptional Items and tax (1-2)	132.08	142.29	109.90	390.44	4.54
4	Share of Profit of Joint Ventures acco<1nted for using Equity Method	1.07	0.18	0.11	l.11	0.44
5	Profit before Exceptional items and tax (3+4)	133.15	142.47	110.01	391.55	4.98
6	E'xcept;onal Items (Refer Note 2)	I (10.10)	-	(13.18)	(13.72)	(3S.89)
7	Profit/Closs) before Tax (5+6)	123.05	142.47	96.83	377.83	(30.91)
8	Tax Ex pense :
	- Current Tax	(16.73)	21.4S	S.2S	26.06	11.20
	- Short/(Excess) Provis•on of earlier years	13.86	-	(6.50)	13.86	(6.4S)
	- Deferred Tax charge/(credlt)	38.32	26.68	44.74	96.33	(8.27)
	Total Tax Expense/ (Credit)	3S.45	48.13	43.49	136.25	(3.52)
9	Profit/Closs) for the period (7-8)	87.60	94.34	53.34	241.58	(27.39)
	Attributable t o:
	Equity holders of the Parent	84.15	92.77	53.18	238.15	(16.52)
	Non Controlling I nterest	3.45	1.S7	0.16	3.43	(10.87)
	10 Other Comprehensive Income/ (Loss) (net of tax) (a) Items that will not be reclassified to profit and loss
	(i) Remeasurement of defined benent plans
	(II) I ncome tax related to Item (i) above	( 17. 21 ) S.66	S.5S (l .81)	23.84	(0.S7)	23.82
	(111 ) Share of Other Comprehensive I ncome of Joint Venture accounted for using	0.01	-	(8.08) (0.02)	0.24 0.01	(8.03) (0.02)
	Equity method (net of tii><)
	(b) Items that will be reclassified to profit and loss
	(i) Effective portion of gain/(loss) on cash flow hedges	(20.48)	27.17	(17.12)	6.S9	S3.SS
	(II) El <change differences="" foreign="" of="" on="" operations<="" td="" translation="">	(0.46)	(4.24)	(3.53)	(12.74)	(24.41)	(0.46)	(4.24)	(3.53)	(12.74)	(24.41)
	(Iii) Income tax related to Item (I) above	7.24	19.50)	6.00	(2.22)	(18.72)
	Other Comprehensive Income/ Closs) (net of tax)	(25.24)	17.17	1.09	(8.69)	26.19
	Attributable to:
	Equity holders of t he Parent	(25.25)	17. 15	0.96	(8.75)	25.95
	Non Controlling Interest	0.01	0.02	0.13	0.06	0.24
	11 Total Comprehensive Income/ (Loss) (9+10)	62.36	111.51	54.43	232.89	(1.20)
	Attributable to:
	Equity holders of the Parent	58.90	109.92	54.14	229.40	9.43
	Non Controlling Interest	3.46	1.59	0.29	3.49	(10.63)
	12 Paid-up Equity Share Capital (Face Value f 10/- per share)	260 S9	260.S9	2S8 92	260.59	258.92
	13 Other Equity				2,689.94	2,460.37
	14 Earnings per Share in ' - (Not Annualised)
	- Bas•c	3.23	3.S7	2.0S	9.17	(0.64)
	- Diluted	3.21	3.S7	2.05	9.13	(0.64)
	ICSee accomoanvlna notes to the Consolidated Financial Results)

Arvind Limited, Naroda Road, Ahrnedabad. 380 025, India Tel.: +91 79 68268000 CIN: L 17119GJ1931 PLC000093

"L ArVIno

Notes:

1 The above audited consolidated financial results were reviewed by the Audit Committee and have been considered and approved by the Board of Directors at their meeting held on May 18, 2022.

2 Exceptional items represents following:

Particulars		Quarter Ended		Year Ended
	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
	Refer Note 8	Unaudited	Refer Note 8	Audited	Audited
(a) Retrenchment Compensation	۰.	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	×	2.86
(b) Provision of diminution in value of investments	3.14	$\tilde{\phantom{a}}$	$\blacksquare$	3.14	19.85
(c) Receivable other than trade write off	6.96	×	$\blacksquare$	6.96
(d) Interest on Stamp Duty on Demerger in financial year 2016-17	ú,	$\sim$	٠	3.62
(e) Impairment in Goodwill	i.	$\overline{\phantom{a}}$	13.18	$\overline{\phantom{a}}$	13.18
Total	10.10		13.18	13.72	35.89

3 The company has intimated the Stock Exchange to publish only Consolidated Financial results and hence, the standalone financial results have not been published. However, the standalone financial results for the quarter and year ended March 31, 2022 are available on Company's website (www.arvind.com). Standalone Information :

Particulars		Ouarter Ended	Year Ended 31.03.2021 31.03.2022 Refer Note 8 Audited
	31.03.2022	31.12.2021			31.03.2021
	Refer Note 8 Unaudited			Audited
Revenue from Operations Profit/(Loss) before Tax	2,001.57 (126.84)	2,129.47 122.87	1,493.97 99.18	7.459.57 111.94	4,528.54 56.04
Profit/(Loss) after Tax Other Comprehensive Income/(Loss) (net of tax)	(96.67) (24.36)	79.36 21.03	52.39 3.33	59.30 3.33	92.67 49.37
Total Comprehensive Income/(Loss) after tax	(121.03)	100.39	55.72	62.63	142.04

4 In view of COVID 19 pandemic, the management has considered internal and external sources of information for evaluating the financial results and has concluded that there is no significant impact of the same on the financial results of quarter and year ended March 31, 2022. Given the uncertainties associated with the nature, condition and duration of COVID-19, the Group will closely monitor any material changes arising out of the future economic conditions and its impact on the business of the Group.
5 During the year ended March 31, 2022 and March 31, 2021, the Parent Company has reassessed the expected manner of recovery of the carrying value of all land parcels and has now determined that a number of such land parcels would not be delinked from the business as they either form an integral part of the business operations or are proximate to the factory premises. Consequently, the Parent Company currently expects that in the event of disposal of most of the land parcels in future, these would only be disposed off along with the business and in a slump sale arrangement thereby resulting in no temporary difference between the accounting position and position as per tax laws upon such future disposal.

Accordingly, the Parent Company has reversed deferred tax liability amounting to ₹ 26.73 crores and ₹ 65.62 crores pertaining to such land parcels in the Statement of Profit and loss during the year ended March 31, 2022 and March 31, 2021 respectively.

6 Pursuant to the approval granted by the Union Cabinet on July 14, 2021 for continuation of Rebate of State and Central Taxes and Levies
(RoSCTL) with the same rates (as notified on March 8, 2019) on exports of apparel an RoSCTL of ₹ 23.98 crores during the quarter ended June 30, 2021. Out of this, ₹ 13.23 crores benefit pertains to the eligible export sales of the quarter ended March 31, 2021.

The textiles products that are not covered under the RoSCTL scheme are eligible for benefit under the Remission of Duties and Taxes on
Exported Products (RoDTEP) scheme with effect from January 01, 2021. Considering that t the Group had recognized the benefit of RoDTEP of ₹ 29.28 crores during the quarter ended September 30, 2021. Out of this, ₹ 6.71 crores benefit pertains to the eligible export sales of quarter ended March 31, 2021, and ₹ 10.12 crores benefit pertains to the eligible export sales of quarter ended June 30, 2021.

·L ArVIno

· d.com

ReQuirements) Regulat ion 2015: Particular s		Quarter Ended		Year Ended
	31.03.2 0 22	31.12.2021	31.03.2021	3 1 .03.2022	31.03. 2021
	Refer Note 8	Unaudited	Refer Note 8	Audited	Audited
Net Worth (Share Capital + Other Equity)	2,950.54	2,8 84.79	2,719. 29	2,9 50.54	2,719 .29
(a) Debt Service Coverage Ratio	0 .99	1.19	1.07	1.19	0 .60
(b) Interest Service Coverage Ratio	6 .08	6.17	4 .25	4 .76	2.13
(c) Debt / Equity Ratio (In times)	0 .60	0.62	0 .74	0 .60	0 .74
(d) Current Ratio {In times)	1.11	1.15	1.12	1.11	1.12
(e) Long Term Debt to Working Capital (In times)	1.59	1.69	2.55	1.59	2 .55
(f) Bad Debts to Account Receivable Ratio (%)	0.00%	0 .02%	0.40%	0.17 0,~	0.46%
(g) Current Liability Ratio (In times)	0.77	0.71	0 .66	0.77	0 .6 6
(h) Total Debts to Total Assets (In times)	0 .23	0.25	0.30	0.23	0 .30
(i) Debtors Turnover (In times) (Annualised)	8 .12	8.89	6 .27	7.30	4 .74
(j) Inventory Turnover (In t imes) (Annualised)	5.31	6.60	5.51	4.77	4 .16
(k) Operating Margin (%)	7.38%	7.450,'o	8.43%	6.43%	3.50%
(I) Net Profit Margin (%)	.98~~	4.15%	3.22%	3.0 10,'u	(0.54% )

Eamongs before Interest, Tax, Depreciat;on & amortisation/ Interest Expenses
Total Debt / Total Equity
Current Assets I Current Llabiht•es
Non-Current Borrowings (Including Current Maturities of Non-Current Borrowings) / Current Assets Less Current Liabil ities (Excluding Current Maturities of Non-Cu rrent
Bad Debts I Average Trade Receivables
Total Current Liabilities/ Total Liabilities
Total Debts I Total Assets
Revenue from Operations I Average Trade Receivables
Revenue from Operations / Average Inventories
(EBIT - Other Iricome) / Revenue from Operations
Profit After Tax I Revenue from Operations

8 The figures for the quarter ended March 31, 2022 and March 31, 2021 are the balancing figures between audited figures In respect of the full financial year and the unaudited published year-to-date figures up to the third quarter ended December 31, 202 1 and December 31, 2020 respectively which were subj ected to limited review.

For Arvlnd Limited

Ahrnedabad May 18, 2022

<:;c..--<-... ~ ..._..____

Sanjay S.Lalbhai Chairman & ManaQinQ Director

www.arvind.com

SEGMENTWISE REVENUE, RESULTS, SEGMENT ASSETS AND LIABILITIES (CONSOLIDATED) FOR THE QUARTER AND YEAR ENDED MARCH 31, 2022

						[₹ in Crores]
	Sr. Particulars		Quarter Ended		Year Ended
No		31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021
		Refer Note 8	Unaudited	Refer Note 8	Audited	Audited
	1 Segment Revenue (Net Sales/Income from Operations)
	(a) Textiles	1,824.11	1,918.13	1,331.16	6,644.19	3,997.35
	Advanced Material (b)	267.08	267.00	198.65	1,025.53	679.47
	Others (c)	139.09	111.90	139.96	438.05	434.23
	Total	2,230.28	2,297.03	1,669.77	8,107.77	5,111.05
	Less : Inter Segment Sales	26.78	21.37	14.90	74.04	38.07
	Net Sales/Income from Operations	2,203.50	2,275.66	1,654.87	8,033.73	5,072.98
	2 Segment Results (Profit/(Loss) before Interest & Tax)
	(a) Textiles	160.10	179.44	152.52	590.59	230.82
	Advanced Material (b)	20.29	28.87	9.91	99.35	62.90
	Others (c)	(2.46)	(11.13)	(3.74)	(55.47)	(34.63)
	Total	177.93	197.18	158.69	634.47	259.09
	Less :
	(a) Interest and Finance Charges (Net)	40.42	40.54	50.93	176.43	224.51
	(b) Other Unallocable expenditure (net of un-allocable income)	14.46	14.17	10.93	80.21	65.49
	Profit/(Loss) Before Tax	123.05	142.47	96.83	377.83	(30.91)
3	Segment Assets
	(a) Textiles	5,463.30	4,760.22	4,513.45	5,463.30	4,513.45
	(b) Advanced Material	649.87	615.72	508.61	649.87	508.61
	Others (c)	670.51	584.58	613.93	670.51	613.93
	(d) Unallocable	920.88	1,023.52	1,084.73	920.88	1,084.73
	Total Segment Assets	7,704.56	6,984.04	6,720.72	7,704.56	6,720.72
4	Segment Liabilities
	(a) Textiles	2,340.55	1,766.33	1,543.91	2,340.55	1,543.91
	Advanced Material (b)	187.73	126.16	121.26	187.73	121.26
	Others (c)	357.30	293.00	251.94	357.30	251.94
	Unallocable (d)	53.26	75.47	34.84	53.26	34.84
	Total Segment Liabilities	2,938.84	2,260.96	1,951.95	2,938.84	1,951.95

Notes:

Considering the nature of the Company's business and operations, as well as based on reviews performed by Chief operating decision maker regarding resource allocation and performance management, the Company has identified

Classification of Reportable Segments:

1 Textiles : Fabrics, Garments and Fabric Retail.

2 Advanced Materials : Human Protection fabric & garments, Industrial Products, Advance Composites and Automotive fabrics.

3 Others : E-commerce, Agriculture Produce, EPABX and One to Many Radio, Water Treatment and Others.

For Arvind Limited

Sauran Latheon

Ahmedabad May 18, 2022

Sanjay S.Lalbhai

Chairman & Managing Director

www.arvind.com

		Arvind

	CONSOLIDATED AUDITED BALANCE SHEET AS AT MARCH 31, 2022
			[₹ in Crores]
	Particulars	As At 31.03.2022 Audited	As At 31.03.2021 Audited
	ASSETS
1	Non-current Assets
	(a) Property, Plant and Equipment	3,189.36	3,405.38
	(b) Capital work-in-progress (c) Investment Property	45.32 167.71	77.95 22.79
	(d) Goodwill	8.95	14.59
	(e) Other Intangible Assets	34.59	59.18
	(f) Intangible Assets Under Development	0.21	0.40
	(g) Right of Use Assets (h) Financial Assets	80.38	88.56
	(i) Investments	66.26	70.28
	(ii) Loans	0.75	0.68
	(iii) Other Financial Assets	39.82	35.99
	(i) Deferred Tax Assets (Net) (j) Other Non-current assets	8.01 23.49	7.80
	Sub-Total - Non-current Assets	3,664.85	32.52 3,816.12
$\overline{2}$	Current Assets
	(a) Inventories	2,208.42	1,159.85
	(b) Financial Assets (i) Trade Receivables
	(ii) Cash & cash equivalents	1,108.58 59.78	1,091.67 27.12
	(iii) Bank balances other than (ii) above	17.31	24.44
	(iv) Loans	39.71	50.16
	(v) Other Financial Assets (c) Current Tax Assets (Net)	85.66 35.36	118.48 22.70
	(d) Other current assets	484.89	319.45
	(e) Assets Held for Sale		90.73
	Sub-Total - Current Assets	4,039.71	2,904.60
	TOTAL - ASSETS	7,704.56	6,720.72
1	EQUITY AND LIABILITIES Equity
	(a) Equity Share Capital	260.59	258.92
	(b) Other Equity	2,689.94	2,460.37
	Sub-Total - Equity	2,950.53	2,719.29
2	Non-controlling interest	55.74	47.33
з	Liabilities Non - Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	757.73	1,141.90
	(ii) Lease Liabilities	86.33	95.20
	(iii) Other Financial Liabilities	1.25	8.55
	(b) Provisions (c) Deferred Tax Liabilities (Net)	26.03 122.55	29.98 9.64
	(d) Government Grants	68.38	71.69
	(e) Other Non Current Liabilities Sub-Total - Non-current Liabilities	0.01	0.89
4	Current Liabilities	1,062.28	1,357.85
	(a) Financial Liabilities
	(i) Borrowings	1,001.72	860.25
	(ii) Lease Liabilities (iii) Trade Payables	19.18	23.98
	- total outstanding dues of micro enterprises and small enterprises	126.88	38.79
	- total outstanding dues of creditors other than micro enterprises	2,055.89	1,361.47
	and small enterprises
	(iv) Other Financial Liabilities (b) Other Current Liabilities	155.14 248.18	151.78 140.45
	(c) Provisions	20.04	11.53
	(d) Government Grants	8.74	7.96
	(e) Current Tax Liabilities (net) Sub-Total - Current Liabilities	0.24 3,636.01	0.04 2,596.25
	TOTAL - EQUITY AND LIABILITIES	7,704.56	6,720.72

		For Arvind Limited
		Sansang Leurbeau
	Ahmedabad	Sanjay S.Lalbhai
	May 18, 2022	Chairman & Managing Director

Arvind Limited, Arvind Linned,

Naroda Road,

Ahmedabad. 380 025, India

Tel.: +91 79 68268000

CIN: L17119GJ1931PLC000093

÷,

itjas
D.

LAND-

www.arvind.com

				(₹ in Crores)
Particulars	Year ended		Year ended	March 31, 2021
	March 31, 2022
	Audited			Audited
A Cash Flow from Operating activities
Profit/(Loss) After taxation Adjustments to reconcile profit after tax to net cash flows:		241.58		(27.39)
Share of profit from Joint Ventures	(1.11)		(0.44)
Depreciation and Amortization expense	272.01		285.15
Interest Income	(6.06)		(5.64)
Tax Expense/(Credit)	136.25 176.43		(3.52) 224.51
Finance Costs Bad Debts Written Off	1.89		4.90
Receivable other than trade write off	6.96
Allowances for doubtful receivables	0.45		0.11
Allowances for doubtful advances	0.49 1.22		0.09 0.25
Sundry Advances written off Sundry Balances Written Off	2.63		0.42
Provision for Non moving inventory	37.99		44.99
Foreign Exchange Loss / (Gain)	(1.81)		5.31
Profit on Sale of Property, plant and equipment	(7.22)		(8.93)
Loss on Sale of Investments	1.39
Excess Provision Written Back Share based payment expense	2.11		(1.44) 1.12
Government grant income	(8.64)		(7.66)
Gain on Mark to market of derivative financial instruments	(0.73)		(10.26)
Provision of diminution in value of investments	3.14		19.85
Impairment in Goodwill		617.39	13.18	561.99
Operating Profit before Working Capital Changes		858.97		534.60
Adjustments for Changes in Working Capital:
(Increase) / Decrease in Inventories (Increase) / Decrease in trade receivables	(964.06) (18.95)		80.05 (55.64)
(Increase) / Decrease in other financial assets	25.91		31.42
(Increase) / Decrease in other assets	(180.41)		30.23
Increase / (Decrease) in trade payables	782.62		141.72
Increase / (Decrease) in other financial liabilities Increase / (Decrease) in other liabilities	11.08 106.85		6.20 21.39
Increase / (Decrease) in provisions	10.55		0.01
Net Changes in Working Capital		(226.41)		255.38
Cash Generated from Operations		632.56 (37.99)		789.98 (13.70)
Direct Taxes paid (Net of Tax refund) Net Cash Flow from Operating Activities (A)		594.57		776.28
B Cash Flow from Investing Activities
Purchase of Property, plant and equipment and intangible assets	(185.79)		(115.86)
Proceeds from disposal of Property, plant and equipment and intangible assets Dividend received from joint venture	39.15 929 2.00		26.85 $\sim$
Purchase of Investments	(0.01)
Sale of stake in subsidiaries	0.10
Changes in other bank balances not considered as cash and cash equivalents	6.55		8.94
Loans (given)/repaid (net) Interest Received	10.38 6.27		(10.39) 9.36
Net cash flow used in Investing Activities B )		(121.35)		(81.10)
C Cash Flow from Financing Activities
Proceeds from Issue of Share Capital Dividend Paid	5.62 (1.99)		0.15
Proceeds from long term Borrowings	100.00		663.76
Repayment of long term Borrowings	(514.72)		(572.63)
Proceeds/(Repayment) from Short term borrowings (net) Repayment towards lease liabilities	172.02 (31.99)		(544.41) (30.17)
Interest Paid	(167.86)		(233.46)
Net Cash flow used in Financing Activities (C)		(438.92)		(716.76)
Net Increase/(Decrease) in cash & cash equivalents $(A)+(B)+(C)$		34.30		(21.58)
Cash & Cash equivalents at the beginning of the year		25.48		47.06
		59.78		25.48
Cash & Cash equivalents at the end of the year
Reconciliation of cash and cash equivalents
Particulars			Year ended March 31,	Year ended March 31,
			2022	2021
Cash and cash equivalents :
Cash on Hand			0.12	0.21
			59.66 59.78	26.91 27.12
Balances with Banks
		SS)	$\overline{\phantom{a}}$
Cash and cash equivalents as per Balance Sheet Book Overdrafts Cash and cash equivalents as per Cash flow Statement			59.78	(1.64) 25.48

Sanjay Laiber Sanjay S.Lalbhai
Chairman & Managing Director

$\tilde{\phi}^{\prime}_{\rm c}$

Ahmedabad
May 18, 2022

ation Pul

HANPA

EDAC Cation P

Arvind Limited, Naroda Road,
Naroda Road,
Ahmedabad, 380 025, India Pd * For Tel.: +91 79 68268000 CIN: L17119GJ1931PLC00009

$\overline{a}$

Chartered Accountants 19th floor, Shapath-V S.G. Highway Ahrnedabad-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