Arvind Fashions Limited shareholders approved a final dividend of ₹1.60 per share for FY26, but significant dissent emerged from public institutions regarding the reappointment of statutory auditors and one director at the August 19, 2026 AGM.

The board had recommended the dividend on equity shares with a face value of ₹4 each. Alongside the dividend declaration, shareholders adopted the audited standalone and consolidated financial statements for FY26, along with the reports of the board and auditors.

Voting Results and Shareholder Dissent

Detailed voting results under Regulation 44(3) of the SEBI Listing Regulations reveal a divergence in shareholder sentiment between promoters and public institutions. While promoter groups voted unanimously in favour of all resolutions, public institutions registered substantial opposition to specific governance matters.

Promoter and promoter group shareholders, holding 46,907,667 shares, voted in favour of all seven resolutions with near-unanimous support (99.9999% participation rate). No votes were cast by shareholders holding partly-paid shares.

Governance and Appointments

The AGM addressed key governance matters, including the reappointment of retiring directors and the appointment of statutory auditors.

• Director Reappointments: Shareholders approved the reappointment of Mr. Kulin Sanjay Lalbhai (DIN: 05206878) and Mr. Punit Sanjay Lalbhai (DIN: 05125502), both of whom retired by rotation. However, public institutions voted against Mr. Kulin Sanjay Lalbhai’s reappointment at a rate of nearly 8%, compared to less than 2% for Mr. Punit Sanjay Lalbhai.
• Statutory Auditors: The company appointed M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad, as statutory auditors for a second term of five consecutive years. Their tenure extends from the conclusion of this AGM until the conclusion of the 16th AGM in 2031. This resolution faced the highest opposition from public institutions, with approximately 8.6% of their votes cast against the reappointment.

Director Remuneration

Shareholders passed a special resolution approving the payment of commission to non-executive directors. The commission is capped at 1% as per Section 197 of the Companies Act, 2013, for a period of three years from April 1, 2026, to March 31, 2029. This resolution received overwhelming support, with over 99.99% of votes in favour.

Voting Details

The company facilitated remote e-voting from August 16, 2026, at 9:00 am to August 18, 2026, at 5:00 pm. The cut-off date for determining voting entitlements was August 12, 2026. A total of 176,314 shareholders were on record as of that date.

The meeting commenced at 2:30 pm and concluded at 2:58 pm. E-voting at the AGM remained open for 15 minutes after the conclusion of the meeting. Notably, 3,634,019 votes were rendered invalid due to lack of authorization, entirely from the public institutions category. No invalid votes were recorded from promoter or non-institutional public shareholders.

Arvind Fashions Limited has accepted the resignation of Anurag Pandey from his position as Chief Executive Officer of the Footwear Division. Pandey’s departure is effective from the close of business hours on September 30, 2026, and he cited personal reasons for stepping down. This leadership change impacts the footwear segment of the company, which operates under the broader Arvind group umbrella.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the filing complied with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Pandey is designated as Senior Management Personnel under Regulation 16(1)(d) of the SEBI Listing Regulations.

Resignation Details

Pandey submitted his resignation letter on August 4, 2026, addressed to Amisha Jain, Managing Director & CEO of Arvind Fashions Limited. In the letter, he expressed gratitude to the senior management and colleagues for their support during his tenure.

The company secretary, Lipi Jha, signed the disclosure letter submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Ltd. on August 4, 2026. No further details regarding a successor or transition plan were provided in the immediate filing.