Arvind Ltd. — Capital/Financing Update 2025

May 12, 2025

12[th] May 2025

BSE Limited

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

Security Code: 500101 Security ID: ARVIND

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 - 400 051. Symbol: ARVIND

Dear Sir/Madam,

Sub: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With reference to the captioned subject, we would like to inform you that the Company along with other User Members has executed Share Subscription and Shareholders' Agreement as on today i.e. 12[th] May, 2025 with Torrent Green Energy Private Limited ("Sponsor") and Torrent Urja 28 Private Limited ("TUPL") to subscribe to minimum 26% of equity share capital of TUPL to comply with regulatory requirements of being “captive user” under electricity laws for setting up hybrid (wind-solar) power plant in the state of Gujarat. The Company will invest 15.96% of equity share capital of TUPL towards its proportionate share in the capacity.

Kindly find enclosed herewith:

1. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024 as Annexure A to this letter.

2. Press release as Annexure B of this letter.

Kindly take the above disclosure on records.

Yours faithfully, For Arvind Limited KRUNAL Digitally signed by KRUNAL DEVENDRAK DEVENDRAKUMAR BHATT Date: 2025.05.12 15:28:20 UMAR BHATT +05'30' Krunal Bhatt Company Secretary

Annexure A

The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024.

Sr. no.	Particulars	Details
a)	Name of the target entity, details in brief such as size, turnover etc.	Torrent Urja 28 Private Limited ("TUPL"), is an Indian Company, incorporated on 21stJanuary, 2025 is a generating company as defined in Section 2(28) of the Electricity Act, 2003 to setup Hybrid Power Project in Gujarat. Turnover: NIL as incorporated on 21stJanuary, 2025.
b)	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group 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”	The transaction does not fall within the purview of related party transactions. The promoter / promoter group / group companies of the Company do not have any interest in the entity (TUPL) whose Equity shares are being acquired/ subscribed.
c)	Industry to which the entity being acquired belongs	Generation and transmission of Solar & Wind Hybrid energy and other sources of renewable energy.
d)	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The Company wishes to offtake the Contracted Quantity of Electricity generated from the Project as a Captive User in Gujarat in view of significant financial/commercial benefits.
e)	Brief details of any governmental or regulatory approvals required for the acquisition	Not Applicable

	f)	Indicative time period for	The Company along with other User members
		completion of the acquisition	proposes to subscribe to equity shares of TUPL,
			in one or more tranches, for an aggregate
			amount of up to Rs. 35.00 crores, representing
			minimum 26% equity of TUPL, subject to the
			achievement of agreed milestones in
			accordance with the terms of the agreement
			from time to time. The Company will invest upto
			Rs. 21 Crores towards is proportionate share in
			the capacity.
	g)	Nature of consideration -	Cash Consideration
		whether cash consideration or
		share swap and details of the
		same;
	h)	Cost of acquisition or the price at	Upto Rs. 21 Crores
		which the shares are acquired
	i)	Percentage of shareholding/	The Company will invest 15.96% of equity share
		control acquired and / or number	capital of TUPL towards its proportionate share
		of shares acquired	of the capacity.
	j)	Brief background about the	TUPL is an Indian Company, has been
		entity acquired in terms of	incorporated on 21stJanuary, 2025 to setup
		products/line of business	Hybrid Power generation facilities in Gujarat.
		acquired, date of incorporation,
		history of last 3 years turnover, country in which the acquired entity has presence and any	History of last 3 years' turnover: NIL (TUPL was incorporated on 21stJanuary, 2025).
		other significant information (in
		brief)	Country: India

Annexure – B

PRESS RELEASE

Arvind strengthens its commitment to Carbon Neutrality & Net Zero goals through acquisition of strategic stake in hybrid power project of Subsidiary of Torrent Power

In line with its ongoing ESG journey and commitment to improve its carbon footprint and obtain energy from cleaner sources, Arvind Limited (“Arvind”) has entered into a Share Subscription and Shareholders' Agreement with Torrent Green Energy Private Limited (“Sponsor”) and its subsidiary, Torrent Urja 28 Private Limited (“TUPL”).

As part of this agreement, Arvind alongwith other User Members will subscribe Equity Shares of Rs.10/- each in TUPL, representing minimum 26% of its total equity share capital, thereby meeting the regulatory requirement of “captive user” under applicable electricity laws. The Company will invest 15.96% of equity share capital of TUPL towards its proportionate share in the capacity.

The investment will support the development of 20 MW hybrid (wind-solar) power project for Arvind’s captive requirement.

Arvind signed a 25-year Power Purchase Agreement (PPA) with a Take-or-Pay arrangement for the supply of renewable energy. Post commissioning, this project will enable Arvind to source approximately 60% of its total electricity requirements from renewable sources.

Salient points of agreement:

• Arvind will avail power from the project at a landed cost of ₹5 per unit, ensuring savings vis a vis cost of power from grid and the payback for the investment is less than 2 years.

• EBITDA enhancement: The initiative is projected to improve Arvind’s consolidated EBITDA margin by approximately 30-40 basis points by FY27.

• Turnkey execution: Torrent Green will be solely responsible for the erection, commissioning, operations & maintenance, and securing regulatory approvals for the plant.

• Project timeline: The project is expected to be completed within 17 months from the effective date, tentatively by Q3 FY27.

This initiative reinforces Arvind’s commitment to sustainability, self-reliance in sourcing energy, and cost optimization and to reduce its carbon footprint and move towards its goal of being carbon neutral aligning with the company’s broader environmental goals and longterm vision of being fundamentally right.

About Arvind Ltd:

Arvind is a textile to retail conglomerate with focus on textiles, apparels, advanced materials, environmental solutions, telecom and Omni-channel commerce. Arvind Limited is an integrated solutions provider in textiles with strong fibre to fashion capabilities for a global customer base. It is also a design powerhouse implementing innovative concepts and generating intellectual property. It ranks amongst the top suppliers of fabric worldwide. The company strives every day to create opportunities beyond conventional boundaries and believes that the possibilities are endless. For more information, please visit https://www.arvind.com/

For further information please contact:

Satya Prakash Mishra

Head - Investor Relations (Mobile: 7036228882) Satyaprakash.mishra@arvind.in

Date : 12 May 2025

Disclaimer:

Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. None of Arvind Limited or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.