Arvind Limited has announced the schedule for its postal ballot and remote e-voting to seek shareholder approval for raising funds up to Rs 600 Crores through Qualified Institutions Placements (QIP). The company aims to bolster its capital base to strengthen manufacturing capabilities in its Textile and Advanced Materials business and meet general corporate requirements.

The Board of Directors authorized the issuance of equity shares and other eligible securities in one or more tranches during its meeting on July 3, 2026. The resolution seeks consent to issue securities including equity shares, preference shares, debentures, warrants, Global Depository Receipts (GDRs), and American Depository Receipts (ADRs). The funds will be utilized for deleveraging, debt repayment, and working capital needs.

Postal Ballot Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. Mr. Hitesh Buch, proprietor of M/s. Hitesh Buch & Associates, has been appointed as the Scrutinizer to ensure a transparent voting process. The notice was dispatched via email on Friday, July 3, 2026.

Fund Raising Details

The capital raise will be conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The company confirmed that it has not raised any funds through preferential allotments or QIPs in the last three years.

If the resolution is passed, the allotment of securities via QIP must be completed within 365 days. The company stated that proceeds would be monitored by a Credit Rating Agency, with quarterly reports submitted until full utilization. Shareholders can cast their votes through the NSDL e-voting platform.

Arvind Limited shareholders have approved the appointment of Nigam Shah as an Executive Director and the alteration of the object clause in its Memorandum of Association to include business transformation and back office services. The resolutions were passed through a remote e-voting process that concluded on June 19, 2026, with approximately 99% of the votes polled in favour.

The company informed the exchanges on June 22, 2026, that the Special Resolution for the alteration of the object clause and the Ordinary and Special Resolutions regarding the director appointment received the requisite majority. The voting process was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and overseen by Hitesh Buch & Associates, Company Secretaries.

Voting Results

The postal ballot notice was dated May 15, 2026, with the e-voting period commencing on May 21, 2026. A total of 177,989 members were eligible to vote as on the record date. The results for the three key resolutions are summarised below:

Appointment Details

Nigam Shah (DIN: 10056383) has been appointed as a Director and Whole-time Director, designated as an Executive Director of the company. The resolution also approved the payment of remuneration for this role. The appointment was passed with 99.42% of votes polled in favour.

Amendment Details

The alteration involves the insertion of a new sub-clause (v) after existing sub-clause (u) in Clause III (2) of the Memorandum of Association. The new clause expands the company's scope to provide a wide range of services, including Finance & Accounts, Human Resources, and Information Technology Services (ITS).

The expanded activities also cover Information Technology Enabled Services (ITeS), Digital Transformation Services (DTS), and data-related functions such as entry, processing, mining, and analytics. The company is now authorized to offer business process management, consulting, and supply chain services, including strategic sourcing and vendor management.