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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----- Start of picture text ----- Sr. Particulars Detailsno.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 SolutionsPrivate Limited on 4 [th] January, 2022 for thepurpose of developing renewable energy projectsand related matters.Turnover: Nil.b) Whether the acquisition would fall The acquisition does not fall within related partywithin related party transaction(s) transactions. The promoter/promoter group ofand whether the promoter/ the Company have no interest in the saidpromoter group/ group acquisition.companies have any interest inthe entity being acquired? If yes,nature of interest and detailsthereof and whether the same isdone at “arm’s length”c) Industry to which the entity being Renewable Energyacquired belongsd) Objects and effects of acquisition The purpose of acquisition is to comply with the(including but not limited to, regulatory requirements under electricity laws todisclosure of reasons for qualify as “captive user” of the aforesaidacquisition of target entity, if its renewable power project.business is outside the main line ofbusiness of the listed entity)e) Brief details of any governmental Noorregulatory approvals required forthe acquisitionf) Indicative time period for Acquisition of 31.20% equity stake completed oncompletion of the acquisition 25 [th] January, 2023.g) Nature of consideration - Subscription in Cashwhether cash consideration orshare swap and details of thesame;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 numberof shares acquired----- End of picture text -----

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j)	Brief background about the entity	Renew Green (GJ Eight) Private Limited was
	acquired in terms of products/line	incorporated in India and registered with Registrar
	of business acquired, date of	of Companies, Delhi on 4thJanuary, 2022.
	incorporation, history of last 3
	years turnover, country in which
	the acquired entity has presence
	andanyothersignificant
	information(in brief)

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