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Arvind Ltd. — Capital/Financing Update 2025
Feb 21, 2025
59174_rns_2025-02-21_da2c2c79-e44d-4379-a35f-ca9926464017.pdf
Capital/Financing Update
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21[st] February, 2025
National Stock Exchange of India Limited Listing Dept., Exchange Plaza, 5[th] Floor Plot No. C/1, G. Block Bandra-Kurla Complex Bandra (E) Mumbai - 400051
BSE Limited
Listing Dept./ Dept. of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001
Security Code : 500101 Security ID : ARVIND
Symbol : ARVIND
Dear Sir/Madam
Sub: Intimation of acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015
With reference to above, we hereby inform that Arvind Limited (“Company”) and Purfi Global LLC have acquired initial equity stake of Rs.10 Lacs in the joint venture company viz. Purfi Arvind Manufacturing India Private Limited in the ratio of 10:90 respectively as per the agreed terms.
Disclosure with respect to acquisition of 10,000 equity shares of Rs. 10/- each (10%) of Joint Venture Company by the Company as per SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024 is enclosed herewith as Annexure –A.
Kindly take the same on records.
Thanking You
Yours faithfully For Arvind Limited
KRUNAL Digitally signed by KRUNAL DEVENDRAKUM DEVENDRAKUMAR BHATT Date: 2025.02.21 15:23:56 AR BHATT +05'30' Krunal Bhatt Company Secretary
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Annexure A:
| Sr. No. | Particulars | Details | ||
|---|---|---|---|---|
| 1. | Name of the target entity, details inbrief such as size, turnover etc. | Name: Purfi Arvind Manufacturing IndiaPrivate Limited (PAMI)Size & Turnover:Turnover of PAMI - NA. | ||
| Paid Up Share Capital as on date isRs.10,00,000/- | ||||
| 2. | Whether the acquisition would fallwithin related party transaction(s)andwhetherthepromoter/promoter group/ group companies | The acquisition is a related partytransaction and it is done at arm’s length.The promoter / promoter group / group | ||
| have any interest in the entitybeing acquired? If yes, nature ofinterest and details thereof andwhether the same is done at “arm’slength”. | companies of Arvind Limited do not haveany interest in PAMI. | |||
| 3. | Industry to which the entity beingacquired belongs | Textiles | ||
| 4. | Objects and impact of acquisition(includingbutnotlimitedto,disclosure of reasons for acquisitionof target entity, if its business isoutside the main line of business ofthe listed entity) | Rejuvenation of textile waste material | ||
| 5. | Brief details of any governmental | Not Applicable | ||
| or regulatory approvals requiredfor the acquisition | ||||
| 6. | Indicativetimeperiodforcompletion of the acquisition | On or before 21stFebruary, 2025 | ||
| 7. | Consideration-whethercashconsideration or share swap or anyother form and details of the same | Cash Consideration | ||
| 8. | Cost of acquisition and / or the priceat which the shares are acquired | Cost of Acquisition is Rs.1,00,000/- | ||
| 9. | Percentage of shareholding / controlacquired and / or number of sharesacquired | 10% (10,000 equity shares of Rs.10/-each) | ||
| 10. | Brief background about the entity | PAMI was incorporated under the th | ||
| acquired in terms of products / lineof business acquired, date ofincorporation, history of last 3 yearsturnover, country in which theacquired entity has presence and anyother significant information | Companies Act, 2013 on 29October,2024 and it is yet to start commercialoperations. | |||