Arvind Ltd. — Capital/Financing Update 2023

Jan 26, 2023

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26[th] January, 2023

To, To,

BSE Ltd. Listing Dept. / Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Security Code : 500 101 Security ID : ARVIND

National Stock Exchange of India Ltd. Listing Dept., Exchange Plaza, 5[th] Floor Plot No. C/1, G. Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051

Symbol : ARVIND

Dear Sir/Madam,

Sub: Acquisition

In compliance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has subscribed and acquired 31.20% equity stake in Renew Green (GJ Eight) Private Limited in order to comply with regulatory requirement for being a “captive user” under electricity laws for setting up of Wind-Solar Hybrid power project at District: Bhavnagar, Gujarat.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFO/CMD/4/2015 dated 9[th] September, 2015 is provided in Annexure “A”.

Kindly take the same on your records.

Thanking You

Yours faithfully,

For, Arvind Limited

RAMNIK VASHRAMBH Digitally signed by RAMNIK VASHRAMBHAI BHIMANI Date: 2023.01.26 16:45:05 +05'30' AI BHIMANI

R.V. Bhimani Company Secretary

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Annexure A

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Sr. Particulars Details
no.
a) Name of the target entity, details Renew Green (GJ Eight) Private Limited.
in brief such as size, turnover etc.
The Target Company was incorporated &
promoted by Renew Green Energy Solutions
Private Limited on 4 [th] January, 2022 for the
purpose of developing renewable energy projects
and related matters.
Turnover: Nil.
b) Whether the acquisition would fall The acquisition does not fall within related party
within related party transaction(s) transactions. The promoter/promoter group of
and whether the promoter/ the Company have no interest in the said
promoter group/ group acquisition.
companies have any interest in
the entity being acquired? If yes,
nature of interest and details
thereof and whether the same is
done at “arm’s length”
c) Industry to which the entity being Renewable Energy
acquired belongs
d) Objects and effects of acquisition The purpose of acquisition is to comply with the
(including but not limited to, regulatory requirements under electricity laws to
disclosure of reasons for qualify as “captive user” of the aforesaid
acquisition of target entity, if its renewable power project.
business is outside the main line of
business of the listed entity)
e) Brief details of any governmental No
or
regulatory approvals required for
the acquisition
f) Indicative time period for Acquisition of 31.20% equity stake completed on
completion of the acquisition 25 [th] January, 2023.
g) Nature of consideration - Subscription in Cash
whether cash consideration or
share swap and details of the
same;
h) Cost of acquisition or the price at Rs. 20,49,60,000/-
which the shares are acquired (2,04,96,000 equity shares of Rs. 10/- each)
i) Percentage of shareholding/ 31.20%
control acquired and / or number
of shares acquired
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j)	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(in brief)	Renew Green (GJ Eight) Private Limited was incorporated in India and registered with Registrar of Companies, Delhi on 4thJanuary, 2022.

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