Approvals and Authorization
The Finance Committee of the Board of Arvind Limited, in its meeting held on August 3, 2026, approved the following actions regarding the QIP:
- Authorized the opening of the QIP on August 3, 2026, to eligible qualified institutional buyers
- Approved the floor price of ₹518.58 per equity share (face value ₹10 each) as per Regulation 176 of SEBI ICDR Regulations
- Approved and adopted the Preliminary Placement Document dated August 3, 2026, and the draft application form
Background Approvals
The QIP was previously approved by:
- Board of Directors at their meeting held on July 3, 2026
- Shareholders through a special resolution passed via Postal Ballot on August 2, 2026
Pricing Details
The 'Relevant Date' for the QIP is fixed as August 3, 2026, in terms of Regulation 171(b)(i) of SEBI ICDR Regulations. The Company may offer a discount of not more than 5% on the floor price of ₹518.58 per equity share, as permitted by Regulation 176(1) of SEBI ICDR Regulations and the special resolution of shareholders dated August 2, 2026. The final issue price will be determined by the Company in consultation with the lead manager.
Meeting Details
The Finance Committee meeting commenced at 5:30 p.m. and concluded at 6:30 p.m. on August 3, 2026.
Document Availability
The Preliminary Placement Document dated August 3, 2026, is available on the company's website at www.arvind.com.