Arvind Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Nigam Shah as a Director and Whole-time Director, designated as an Executive Director. Additionally, the company has proposed an alteration to the Object Clause of its Memorandum of Association to expand its business capabilities. The remote e-voting facility will be available to shareholders from May 21, 2026, to June 19, 2026.

Resolutions for Shareholder Approval

The company has placed three resolutions before its members for consideration via postal ballot. The first resolution seeks the appointment of Mr. Nigam Shah (DIN: 10056383) as a Director of the Company. The second resolution pertains to his appointment as a Whole-time Director, designated as an Executive Director, for a period of five years effective from April 3, 2026, to April 2, 2031. The third resolution proposes the alteration of the Object Clause of the Memorandum of Association to enable the company to provide business transformation services, including Finance & Accounts, Human Resources, and Information Technology Services.

E-Voting Schedule and Process

The calendar of events for the postal ballot has been finalized, with the cut-off date for determining voting rights set for May 15, 2026. Shareholders holding equity shares as of this date are eligible to participate in the remote e-voting process. The voting period will begin at 9:00 a.m. on May 21, 2026, and will conclude at 5:00 p.m. on June 19, 2026. The results of the voting are expected to be declared within two working days from the closure of the e-voting period.

Remuneration and Terms of Appointment

The remuneration proposed for Mr. Nigam Shah includes a basic salary of ₹7,29,161 per month, which may be increased up to a maximum of ₹15,00,000 per month. He will also be entitled to perquisites, allowances, and performance-linked variable pay not exceeding ₹2,00,00,000 per annum. The overall managerial remuneration payable to him shall not exceed 5% of the net profits of the company for any financial year, in accordance with the Companies Act, 2013.

Financial Performance and Background

The explanatory statement accompanying the notice highlights the company's standalone audited financial performance for the year ended March 31, 2026. The total income for the period stood at ₹7,210.77 crore, while EBITDA was reported at ₹732.22 crore. The company recorded a net profit of ₹297.57 crore for the financial year. Mr. Nigam Shah, currently serving as the Chief Financial Officer, brings over two decades of experience across infrastructure, manufacturing, and financial services to the role.

Arvind has granted 32,000 stock options to eligible employees under its Employees Stock Option Scheme-2021. The grant was approved by the company's Nomination and Remuneration Committee on May 20, 2026. The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The options have been granted at an exercise price of Rs. 485.80 per share. Each option will convert into one equity share of Rs. 10 each upon exercise. The total number of shares covered by these options is 32,000.

Vesting Schedule

The options will vest in three tranches based on specific vesting conditions. The vesting period extends over four years, beginning in 2028.

Following vesting, the options can be exercised within a period of three years from the respective vesting dates. The company stated that no options have been exercised yet as they are currently in the grant stage.