Arvind Ltd. — Regulatory Filings 2021

Jun 23, 2021

L ArVIno

www.arvlnd.com

June 23, 2021

To

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

Security Code : 500 101 Security ID: ARVIND

To

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

Symbol : ARVIND

Dear Sir I Madam,

Sub.: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Pursuant to Regulation 23(9) of the Listing Regulations, please find enclosed disclosure of Related Party Transactions, on a consolidated basis, in the format specified in the relevant accounting standards, for the period ended March 31, 2021.

This is for your information and records.

Thanking you,

Yours faithfully,

Encl. : As above

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

[ AfVIOD

www.arvind.com

Disclosure of Related Party Transactions in accordance with Ind AS 24 - Related Party Disclosures

(a) Name of Related Parties and Nature of Relationship :

(I)	Key Management Personnel
l	Mr. Sanjay S. Lalbhal	Chairman and Managing Director
2	Mr. Jayesh K. Shah	Director & Chief Financial Officer
3	Mr. Punit S. Lalbhai	Executive Director
4	Mr. Kulin S. Lalbhai	Executive Director
5	Mr. Baku! Harshadrai Dholakla	Non-Executive Director
6	Mr. Dileep Chinubhai Choksi	Non-Executive Director
7	Mr. Samir Uttamlal Mehta	Non-Executive Director (up to July 28, 2019)
8	Ms. Renuka Ramnath	Non-Executive Director
9	Mr. Vallabh Roopchand Bhansali	Non-Executive Director (Up to May 10, 2019)
10	Mr. Nilesh Dhirajlal Shah	Non-Executive Director
11	Mr. Arpit Kantilal Patel	Non-Executive Director (W.e.f. May 17, 2019)
(11)	Relatives of Key Management Personnel
l	Mrs. Jayshree S Lalbhal
2	Mrs. Poorva P Lalbhai
3	Mrs. Jaina K Lalbhai
	(III) Joint Ventures
l	Arya Omnltalk Radio Trunking Services Private Limited
2	Arudrama Developers Private Limited
3	Arvind Norm CBRN Systems Private Limited
4	Adient Arvind Automotive Fabrics India
5	PVH Arvind Manufacturing PLC, Ethiopia	w.e.f. October 01, 2019
(IV)	Limited Liability Partnership
l	Arvind and Smart Value Homes LLP
(V)	Subsidiary Companies
l	Arvind Worldwide (M) Inc. •
2	Arvind Overseas (M) Inc. •
3	Arvind Spinning Limited •
4	Arvlnd Foundation ••
(VI)	Entities under the control of Key Managerial Personnel
1	Aura Securities Private Limited
2	Amplus Capital Advisors Private Limited
3	Arvind Smartspaces Limited
4	The Anup Engineering Limited
5	Arvind Fashions Limited
6	Arvind Lifestyle Brands Limited
7	Arvind Beauty Brands Retail Private Limited
8	Calvin Klein Arvind Fashion Private Limited
9	Tommy Hilfiger Arvind Fashions Private Limited
10	Arvind Youth Brands Private Limited	w.e.f. February 27, 2020
11	White Ocean Business Ventures LLP
(VII}	Entity under the control of Non Executive Director
1	Multiples Private Equity Fund II LLP
(VIII}	Trusts and Others
1	Arvind Mills Employees' Provident Fund
2	The Arvind Mills Employee's Gratuity Fund
3	Lalbhal Group of Companies Officers' Superannuation Fund
	• Not considered for the purpose of consolidation for the financial year 2020-21 and 2019-20 respectively being defunct status.

• • The Group has made investment of f 0.01 Crores in the equity shares of Arvind Foundation, which is a Company incorporated under Section 8 of the Act for the sole purpose of CSR activities. Since the Group has no intention of earning variable returns from the voting rights, the above investment doesn't meet the definition of control under Ind AS 110 and hence, not consolidated in the Consolidated Financial Statements.

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

Arvind Limited,
Naroda Road,
Ahmedabad. 380 025, India
Tel.: +91 79 68268000
CIN: L17119G11931PLC000093

(b) Transactions and Balances :

(₹ in Crores)

Particulars	Joint Venture Subsidiary Companies Year ended/As at		Limited Liability Partnership		Key Management Personnel and relatives		Trusts		Company under the control of Key Managerial Personnel		Total
			Year ended/As at		Year ended/As at		Year ended/As at		Year ended/As at		Year ended/As at		Year ended/As at
	March 31,	March 31, 2020	March 31, 2021	March 31, 2020	March 31, 2021	March 31, 2020	March 31, 2021	March 31, 2020	2021	March 31, March 31,	March 31,	March 31,	March 31,	March 31,
(I) Transactions during the year	2021									2020	2021	2020	2021	2020
Purchase of Goods			0.01	1.42
Sales of Goods	0.09		0.30	0.01	$\sim$							4.62	0.01	6.04
Sale of Property, Plant and Equipment		$\sim$									8.48	42.51	8.87	42.52
			1.59	3.28							0.04	$\blacksquare$	0.04
Expenses Recovered											10.00	22.37	11.59	25.65
Rent Income			0.45	1.50							0.11	0.68	0.56	2.18
Services Rendered			0.87	2.88							8.97	9.35	9.84	12.23
Remuneration						٠	3.94	11.28					3.94	11.28
Sitting Fees paid to Non-Executive							0.05	0.04					0.05	0.04
Directors
Comission to Non-Executive Directors					$\overline{\phantom{a}}$		0.37	0.38	Ter.			÷	0.37	0.38
Services Received		$\overline{\phantom{a}}$	4.34	2.58			$\blacksquare$				5.30	2.99	9.64	5.57
Reimbursement of Expenses											4.15	18.28	4.15	18.28
Guarantee commission Income												2.14		2.14
Share of Profit from LLP					(0.32)	(0.29)							(0.32)	(0.29)
Interest Expense					$\qquad \qquad$							2.08		2.08
Donation Given	8.38	2.00											8.38	2.00
Contribution Given for Employee Benefit									3.35	31.28			3.35	31.28
Plans
Repayment of Loan												44.36		44.36
Investment made		$\overline{\phantom{a}}$		28.03										28.03
Provision of diminution in value of		÷.	19.85	10.33								$\overline{\phantom{a}}$	19.85	10.33
investments
Withdrawal of capital Contribution					0.32	0.29							0.32	0.29
(II) Balances as at year end
Trade Receivable	(₹ 20,003/-)		1.10	4.58							49.32	54.27	50.42	58.85
Investments	0.34	0.34	41.81	41.75	56.46	56.88							98.61	98.97
Provision for Impairment of Investment	(0.33)	(0.33)	(30.10)	(10.33)								$\tilde{\phantom{a}}$	(30.43)	(10.66)
Other Current Assets	0.01	0.01	2.78	2.13				$\sim$	6.49	$\overline{\phantom{a}}$	7.35	2.91	16.63	5.05
Other Non Current Assets							٠				0.25	0.25	0.25	0.25
Loan Given	5.23	5.23											5.23	5.23
Allowance for Doubtful Loan	(5.23)	(5.23)										$\overline{\phantom{a}}$
Trade pavables			0.45	0.52			0.34		0.13			$\overline{\phantom{m}}$	(5.23)	(5.23)
Short Term Provision									1.44	5.05	13.99	11.22	14.91 1.44	11.74
														5.05

TVIND

www.arvind.com

Disclosures pursuant to the Regulation 34(3) read with para A of Schedule V to the SEBI (Listing obligations and disclosure requirements) Regulations, 2015 read with section 186(4) of the Companies Act, 2013.

(~in Crores)

Loans and Advances in the nature of loans		Balance as at
List of Related Parties	Purpose	March 31, 2021	March 31, 2020
Loans and Advances
Arvind Worldwide (M) Inc.	General Business Purpose	5 .23	5.23
Less : Allowance for doubtful loan		(5.23)	(5.23)
Total		-	-
			Maximum Outstanding During
List of Related Parties	Purpose	March 31, 2021	March 31, 2020
Loans and Advances
Arvind Worldwide (M) Inc.	General Business Purpose	5.23	5.23

(d) Commitments with related parties

The Group has provided commitment of~ Nil Crores to the related party as at March 31, 2021 (March 31, 2020 : ~ 4 .11 Crores)

(e) Transactions with key management personnel was as follows.

Comoensation o f k ev manaoement oersonne I o f t h e Grouo Particulars	2020-21	2019-20
Short-term employee benefits	3 .80	11.13
Post employment benefits	0 .30	0.25
Other long-term employment benefits	0.04	0.01
Others - Contribution towards Provident Fund	0 .22	0.31
Total comoensation oaid to kev manaaement oersonnel	4.36	11.70

The remuneration of key management personnel is determined by the Remuneration committee.