Arvind Limited has successfully concluded its postal ballot process, with shareholders demonstrating overwhelming support for four special resolutions related to employee stock option scheme amendments and subsidiary asset management. The voting concluded on March 11, 2026, marking a significant milestone in the company's corporate governance initiatives.

Postal Ballot Process Overview

The postal ballot was conducted entirely through electronic voting, spanning from February 10, 2026, to March 11, 2026. The company established February 6, 2026, as the cut-off date for determining voting rights, with 183057 members eligible to participate. National Securities Depository Limited facilitated the e-voting process, ensuring compliance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution Details and Voting Results

Shareholders approved four special resolutions with remarkable consensus, demonstrating strong confidence in the company's strategic initiatives. The resolutions encompassed employee stock option scheme modifications and subsidiary asset management authorization.

ESOP Scheme Amendments (Resolutions 1-3)

The first three resolutions focused on enhancing the AL - Employee Stock Option Scheme 2021 framework. These included amendments for administration through an irrevocable employee welfare trust, secondary acquisition of shares through trust route, and provision of company funds for share acquisition by the trust.

Subsidiary Asset Management Authorization

The fourth resolution authorized the sale, disposal and lease of assets exceeding 20% of Arvind Advanced Materials Limited (AAML) assets on an aggregate basis during a financial year, pursuant to Regulation 24(6) of SEBI regulations.

Voting Participation Analysis

The voting demonstrated strong participation across all shareholder categories, with promoter and promoter group showing 99.5609% participation, public institutions achieving 95.5017% participation, and public non-institutions recording 9.6798% participation. Promoter and promoter group, along with public institutions, voted unanimously in favor of the first three resolutions, while the fourth resolution saw some dissent primarily from public institutions.

Regulatory Compliance and Scrutinizer Report

CS Hitesh Buch of Hitesh Buch & Associates served as the scrutinizer, ensuring the postal ballot process adhered to Section 108 of the Companies Act, 2013, and related regulations. The scrutinizer confirmed that all resolutions were passed with requisite majority, validating the democratic process and regulatory compliance. The company maintained transparency by uploading the intimation on its website at www.arvind.com , fulfilling disclosure obligations under applicable regulations.

Arvind Limited has officially announced the resignation of its Managing Director, Mr. Susheel Kaul, effective from the closure of business hours on March 9, 2026. The resignation represents a significant leadership change for the textile major, following Kaul's earlier resignation notice submitted on January 9, 2026.

Leadership Transition Details

The company disclosed that Mr. Susheel Kaul, who held the position of Managing Director & President (Textiles), will be relieved from his services as mutually agreed between the company and the executive. His resignation was attributed to personal reasons, as outlined in the regulatory filing.

Regulatory Compliance

Arvind Limited has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as mandated by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The resignation follows the standard company policy requiring a two-month notice period, with Kaul's relief date calculated from his original resignation submission on January 9, 2026. The company confirmed that all necessary clearances and dues settlement will be completed as per company policy.

Communication Process

Internal communications between the company's HR department and Mr. Kaul confirmed the mutual agreement regarding his relief date. The correspondence indicated that management approved his departure on March 9, 2026, subject to completion of all necessary clearance procedures.

The announcement was signed by Jayesh Shah, Wholetime Director & Group CFO, ensuring proper authorization and documentation of the leadership change. This transition marks the end of Kaul's tenure in the senior leadership role at one of India's prominent textile companies.