Arvind Limited — Updates, 09-04-2025: Scheme of Arrangement
09-04-2025 · 04:07 pm
Arvind Limited has announced a board meeting to discuss the Scheme of Arrangement involving the slump sale of its Advanced Material Undertaking to its wholly owned subsidiary, Arvind Advanced Materials Limited. The National Company Law Tribunal (NCLT) has admitted the company’s application and will convene meetings of shareholders and creditors on 30th May 2025 to consider the proposed scheme, which could lead to strategic restructuring and enhanced operational focus. This development may create a positive outlook among investors, reflecting potential growth opportunities as the company streamlines its operations.
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