Arvind Limited — Others, 02-06-2025: Shareholders meeting

Arvind Limited has announced a board meeting on approving a Scheme of Arrangement to transfer its Advanced Materials business to Arvind Advanced Materials Limited. The scheme received overwhelming support from stakeholders, with nearly 100% approval from equity shareholders and creditors holding secured debt of Rs. 1,218.86 Cr and unsecured debt of Rs. 2,071.19 Cr. This restructuring will streamline operations by creating a dedicated advanced materials company, potentially enhancing value for shareholders and creditors.