Arvind Limited — Updates, 10-01-2025: Scheme of Arrangement

Arvind Limited has submitted an application to the National Company Law Tribunal (NCLT) for a Scheme of Arrangement involving the slump sale of its Advanced Material Undertaking to its subsidiary, Arvind Advanced Materials Limited. The NCLT has disposed of the application due to perceived discrepancies in the creditor disclosures. The company maintains that there are no such discrepancies and is working to rectify and re-file the application with a proper explanation. This situation could create a neutral impact on investor sentiment, depending on the timely resolution of the matter and the company’s ability to demonstrate compliance.