Arvind Limited has formally disclosed the resignation of its Managing Director Susheel Kaul through a regulatory filing with BSE and NSE on January 9, 2026. The resignation marks a significant leadership transition for the textile and apparel manufacturing company.

Leadership Transition Details

Susheel Kaul, who served as Managing Director & President (Textiles), has tendered his resignation due to personal reasons. According to his resignation letter, Kaul will be relieved from his duties effective March 31, 2026.

Succession Planning

The company had previously announced this leadership change through a media release dated December 18, 2025. Punit Lalbhai, Vice Chairman of Arvind Limited, will step into an executive role to lead the textiles and apparel business effective April 1, 2026. This transition is part of the company's long-term succession plan.

Extended Resignations

Kaul's resignation extends beyond Arvind Limited to include his directorship positions in several subsidiary companies:

• Arvind Advanced Materials Limited
• Arvind Smart Textiles Limited
• Arvind Technical Products Private Limited

All subsidiary resignations will also take effect from March 31, 2026.

Management Commentary

In the December media release, Kaul expressed gratitude for his tenure, stating that the years spent in leadership roles have been the most satisfying part of his long relationship with the group. He acknowledged the support received from Sanjay Lalbhai and Punit Lalbhai throughout his tenure.

Punit Lalbhai recognized Kaul's contributions, noting that he has been central to Arvind's success, driving strong growth, innovation, and expansion. The company expressed heartfelt appreciation for Kaul's service while looking ahead to continued growth under the refreshed leadership structure.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required particulars as mandated by SEBI Master Circular dated November 11, 2024, ensuring full regulatory compliance during this leadership transition.

The Supreme Court on Tuesday granted bail to former Amtek Group chairperson Arvind Dham in a money laundering case linked to an alleged ₹27,000 crore bank fraud, overturning an earlier Delhi High Court decision that had denied him relief.

Supreme Court Overturns High Court Decision

A bench comprising Justices Sanjay Kumar and Alok Aradhe set aside the August 2025 decision of the Delhi High Court, which had refused bail on grounds that Dham's release could jeopardise the trial and undermine public confidence in the justice system. The high court had characterised the allegations as grave economic offences causing substantial losses to public sector banks, warning that granting bail in such cases risked eroding the fabric of economic governance.

Case Background and Investigation Timeline

The money laundering proceedings originate from a 2022 case registered by the Central Bureau of Investigation following complaints by IDBI Bank and Bank of Maharashtra. The CBI accused Amtek Group companies of defaulting on loans through fraudulent means, including cheating and criminal breach of trust.

Pursuant to Supreme Court directions issued in February 2024, the Enforcement Directorate initiated its probe and registered a case in 2024.

Alleged Financial Manipulation Scheme

The ED has alleged that Dham was the ultimate beneficial owner of the fraud, carried out through systematic manipulation of financial records. According to the agency, the scheme involved multiple fraudulent activities designed to siphon off public funds.

Arguments for Bail

Before the apex court, Dham presented several arguments supporting his bail application:

• His status as a 64-year-old senior citizen
• Over one year spent in custody
• Completion of ED investigation against him
• Unlikely commencement of trial due to ongoing CBI probe

The Delhi High Court had previously rejected Dham's plea based on age and health considerations, observing that being "sick and infirm" was not a passport to bail in cases involving serious economic crimes. The high court noted that his medical condition could be managed in custody.

Court's Decision

Taking into account Dham's submissions regarding his age, time spent in custody, and the status of investigations, the Supreme Court granted bail subject to conditions to be specified. The decision marks a significant development in the high-profile financial fraud case that has drawn attention to corporate governance and banking sector vulnerabilities.