Arvind Ltd. — M&A Activity 2022

Jul 19, 2022

www.arvir1 cl CC':ll

July 19, 2022

BSE Limited Listing Dept./ Dept. of Corporate Services . Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001

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

Symbol: ARVIND

Security Code : 500101 Security ID: ARVIND

Dear Sir/Madam,

• . Ref: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Sub: 1) Transfer of Omnichannel Technology division of the Company to Arvind Internet Limited, a wholly owned subsidiary of the Company
• 2) Sale of entire shareholding of the Company in Arvind Internet Limited to Bigfoot Retail Solutions Private Limited

Pursuant to Regulation 30 of the SEBI {Li sting Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has entered into Business Transfer Agreement today to transfer its Omnichannel Technology Division to Arvind Internet Limited {AIL), a whol ly owned subsidiary of the Company, for a total consideration of Rs. 152.30 crores to be paid by way of issue of shares of AIL. The entire shareholding of Company in AI L shall be transferred to BigFoot Retail Solutions Private Limited (Shiprocket) for a consideration of Rs. 162.90 crores to be paid in cash and equity shares of Shiprocket.

The Disclosure required under Regulation 30 of the SEBI Li ~t in ^gRegulations read with SEBI Circular No. CI R/CFD/CMD/4/2015 dated 9th September 2015, are enclosed herewith as Annexure-A and Annexure- B.

You are req uested to bring this to the notice of al l concerned.

Thanking you,

Yours faithfully,

Encl. As above

Arvind limited, Naroda Road, Ahmedabad. 380 025, India Tel.: +91 79 68268000 CIN: L 17119GJ1931 PLC000093

Annexure A

Transfer of Omnichannel Technology Division

a.	Name of the entity(ies) forming part of the Slump Sale, details in brief such as, size, turnover etc.	Arvind Internet Limited (wholly owned subsidiary). For FY ending March 31, 2022 Revenue: Rs. 24.51 crores Net Assets: "Rs. 7. 7 cro res
b.	Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length"	Transaction with Related party done at arm's length
c.	Area of business of the entity(ies)	Technology division
d.	Rationale for Slump sa le	The company has entered into Share Purchase Agreement with BigFoot Retail Solutions Pvt Limited to sell shares of Arvind transferring Internet Limited after the Omnichannel Technology Division to Arvind Internet.Limited.
e.	consideration - of cash In case amount or otherwise share exchange ratio	Arvind Internet division will pay the total consideration of Rs. 152.30 crores by way of 15.23 er equity shares of Rs. 10 each
f.	of Brief details change in shareholding pattern (if any) of listed entity	NA

Annexure B

Sale of entire shareholding of Arvind Internet Limited, a 100% subsidiary Company

a.	The amount and percentage	FY 2021-22
	of the turnover or revenue or		Omnichannel
	income and net worth		Technology Division &	Consolidated
	contributed by such unit or		Arvind Internet Limited Arvind Limited		%
	division of the listed entity	Sales & Other income	25	8084	0.30%
	during the last financial year	Profit Before Tax	-28	378	NA
		Capital Employed	20	4766	0.42%
b.	Date on which the agreement	July 19,2022
	for sale has been entered into
c.	The expected date of	August 16, 2022
	completion of sale/disposal
d.	Consideration to be received	Rs. 162. 90 crores
	from such sale/disposal
e.	Brief details of buyers and	BigFoot Retail Solution Pvt Limited-		Shiprocket (Please see Note given
	w hether any of the buyers	below this table)
	belong to the promoter/
	promoter group/group
	If details companies. yes,
	t hereof
f.	the Whether transaction	NA
	woufd fall within related party
	transactions? If yes, whether
	the same is done at "arm's
	length"
g.	Additionally, in case of a slump	NA
	sale, indicative disclosures
	provided for
	amalgamation/ merger, shall
	be disclosed by the listed
	entity with respect to such
	slump sale.

About BigFoot Retail Private Limited

Shiprocket is India's largest eCommerce enablement platform providing digital retailers an end-to-end customer experience platform. The platform, which is creating an operating system for direct commerce, enables shipping, fulfillment, customer communication, and marketing tools as well as providers for SMEs, D2C retailers, and social commerce retailers in India. With 17+ courier partners on board, the brand enables Pan-India as well as international shipping deliveries. Its shipping solutions are available across 29,000+ pin codes within India and 220 countries worldwide.

Launched in 2017, Shiprocket is on a mission to create a seamless logistics data platform that connects retailers, ca rriers, and consumers across national and international locations. Shiprocket provides a technology stack to help retailers integrate their shopping websites on Shopify, Magenta, Woocommerce, Zoho, or others with the platform's multi-carrier API to manage orders, print shipping labels, and avail tracking information from multiple providers, including managing Cash on Delivery (COD) orders and payment reconciliation. Shiprocket also offers state-of-the-art fulfillment solutions with more than 20 warehouses located across India. The technology stack provides a robust postpurchase experience to consumers, resulting in higher engagement and lower RTO (failed deliveries).

Today, Shiprocket is the platform behind 2.5 lakh plus sellers who generate a GMV of more than \$2.SB annually. The platform delivers packets to more than 70M consumers annually and is growing transactions 2.5-3X year on year.