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Arvind Ltd. — Capital/Financing Update 2022
Nov 26, 2022
59174_rns_2022-11-26_8d77c5b2-a894-4e3f-b4e3-0a60bfe6c130.pdf
Capital/Financing Update
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November 26, 2022
To, To, BSE Ltd. National Stock Exchange of India Ltd. Listing Dept. / Dept. of Corporate Services Listing Dept., Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1, G. Block Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E)
Security Code : 500 101 Security ID : ARVIND Symbol : ARVIND
Mumbai - 400 051
Dear Sir/Madam,
Sub: Intimation for Incorporation of a Wholly Owned Subsidiary ('WOS')
With reference to the captioned subject, we would like to inform you that the Company has incorporated Arvind Technical Products Private Limited, wholly owned subsidiary on November 25, 2022. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are as under:-
| Sr. | Particulars | Details |
|---|---|---|
| no. | ||
| a) | Name of the target entity, details inbrief such as size, turnover etc. | Name of the Company: Arvind Technical ProductsPrivate LimitedAuthorised Capital: Rs. 10,00,000/- (1,00,000 Equityshares of Rs. 10/- each)Paid up capital: Rs. 1,00,000/- (10,000 Equity sharesof Rs. 10/- each)Turnover:Nil(yettocommencebusinessoperations) |
| b) | Whether the acquisition would fallwithin related party transaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entity beingacquired? If yes, nature of interestand details thereof and whether thesame is done at "arm's length" | No |
| c) | Industry to which the entity beingacquired belongs | Arvind Technical Products Private Limitedshall carryon the business of manufacturing and marketing oftextile products. |
| d) | Objects and effects of acquisition(includingbutnotlimitedto,disclosure of reasons for acquisitionof target entity, if its business is | The wholly owned subsidiary has been incorporatedto meet the prerequisite for participation inProductionLinkedIncentive(PLI)schemefortextiles. |
| outside the main line ofbusiness of | ||
|---|---|---|
| the listed entity) | ||
| e) | Brief details of any governmental or | No |
| regulatory approvals required for | ||
| the acquisition | ||
| f) | Indicativetimeperiodfor | NA |
| completion of the acquisition | ||
| g) | Nature of consideration - | Subscriptionin Cash |
| whethercashconsiderationor | ||
| share swap and details of the same; | ||
| h) | Costof acquisition or the price at | Rs. 1,00,000/-(10,000 equity shares of Rs. 10/-each) |
| which the shares are acquired | subscribed | |
| i) | Percentageofshareholding/ | 100% |
| control acquired and / or number of | ||
| shares acquired | ||
| j) | Brief background about the entity | ArvindTechnicalProductsPrivateLimitedis |
| acquired in terms of products/line | incorporated in India and registered with Registrar | |
| ofbusinessacquired,dateof | of Companies, Gujarat at Ahmedabad on November | |
| incorporation, history of last 3 years | 25, 2022. | |
| turnover, country in which the | ||
| acquired entity has presence and | ||
| any other significant information (in | ||
| brief) |
Kindly take the same on your records.
Thanking You,
Yours faithfully, For, Arvind Limited
RAMNIK VASHRAMBH AI BHIMANI Digitally signed by RAMNIK VASHRAMBHAI BHIMANI Date: 2022.11.26 15:53:41 +05'30'
R.V. Bhimani Company Secretary