November 26, 2022
To, | To, |
BSE Ltd. | National Stock Exchange of India Ltd. |
Listing Dept. / Dept. of Corporate Services | Listing Dept., Exchange Plaza, 5th Floor |
Phiroze Jeejeebhoy Towers | Plot No. C/1, G. Block |
Dalal Street | Bandra-Kurla Complex |
Mumbai - 400 001 | Bandra (E) |
Mumbai - 400 051 | |
Security Code : 500 101 | |
Security ID : ARVIND | Symbol : ARVIND |
Dear Sir/Madam,
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:-
Sr. | Particulars | Details | ||
no. | ||||
a) | Name of the target entity, details in | Name of the Company: Arvind Technical Products | ||
brief such as size, turnover etc. | Private Limited | |||
Authorised Capital: Rs. 10,00,000/- (1,00,000 Equity | ||||
shares of Rs. 10/- each) | ||||
Paid up capital: Rs. 1,00,000/- (10,000 Equity shares | ||||
of Rs. 10/- each) | ||||
Turnover: Nil (yet to commence business | ||||
operations) | ||||
b) | Whether the acquisition would fall | No | ||
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" | ||||
c) | Industry to which the entity being | Arvind Technical Products Private Limited shall carry | ||
acquired belongs | on the business of manufacturing and marketing of | |||
textile products. | ||||
d) | Objects and effects of acquisition | The wholly owned subsidiary has been incorporated | ||
(including but not limited to, | to meet the prerequisite for participation in | |||
disclosure of reasons for acquisition | Production Linked Incentive (PLI) scheme for | |||
of target entity, | if its | business is | textiles. |
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