Sub: Intimation for Incorporation of a Wholly Owned Subsidiary ('WOS')
With reference to the captioned subject, we would like to inform you that the Company has incorporated Arvind Technical Products Private Limited, wholly owned subsidiary on November 25, 2022. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are as under:-
outside the main line of business of the listed entity)
e)
Brief details of any governmental or
No
regulatory
approvals
required
for
the acquisition
f)
Indicative
time
period
for
NA
completion of the acquisition
g)
Nature of consideration -
Subscription in Cash
whether cash consideration
or
share swap and details of the same;
h)
Cost of acquisition or the price at
Rs. 1,00,000/- (10,000 equity shares of Rs. 10/- each)
which the shares are acquired
subscribed
i)
Percentage
of
shareholding/
100%
control acquired and / or number of shares acquired
Brief background about the entity Arvind Technical Products Private Limited is
acquired in terms of products/line
incorporated in India and registered with Registrar
of business acquired, date of
of Companies, Gujarat at Ahmedabad on November
incorporation, history of last 3 years
25, 2022.
turnover, country in which the
acquired entity has presence and
any other significant information (in
brief)
Kindly take the same on your records.
Thanking You,
Yours faithfully,
For, Arvind Limited
R.V. Bhimani
Company Secretary
Attachments
Original Link
Original Document
Permalink
Disclaimer
Arvind Limited published this content on 26 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2022 11:54:01 UTC.
Arvind Limited is an India-based vertically integrated textile company. The Company operates through three segments: Textiles, Advanced Materials and Others. The Textiles segment includes fabrics, garments, and fabric retail. The Advanced Materials segment consists of human protection fabrics and garments, industrial products, advance composites, and automotive fabrics. The Others segment includes e-commerce, agriculture produce, EPABX and one to many radios, developing of residential units and others. It also manufactures a range of cotton shirting, denim, knits, and bottom weights (Khakis) fabrics and jeans and shirts garments. Its businesses include fabric and apparel, brands and retail, real estate, engineering, Internet, environmental solutions, advanced materials, telecom, and garmenting. Its subsidiaries include Arvind PD Composite Private Limited, Arvind OG Nonwovens Private Limited, Arvind Internet Limited, and Arvind Goodhill Suit Manufacturing Private Limited, among others.