Date: November 05, 2026
NCLT Order Approval
The Hon'ble National Company Law Tribunal, Ahmedabad Bench (NCLT) has approved the reduction, cancellation and writing off of the securities premium account of Arvind Lifestyle Brands Limited (ALBL), which is a wholly owned material subsidiary of Arvind Fashions Limited.
Order Details:
- Order dated: 4th November 2026
- Order copy received: 4th November 2026 at 6:10 PM via email
- Amount approved: ₹1438.79 crores
- Purpose: To offset against the negative balance of accumulated losses to the extent of ₹1438.79 crores
Financial Impact and Implementation
Nature of Transaction:
- The reduction is purely an internal capital restructuring of ALBL
- Involves adjustment between the securities premium account and accumulated losses within other equity
- Does not affect the net worth of ALBL
- Has no implication on the consolidated financial numbers of Arvind Fashions Limited
Next Steps:
- ALBL shall take necessary steps as per regulatory requirements to implement the transaction
- Implementation will be done as per the NCLT order