Mr. Ashish Kumar, President & CEO - AMD & Essentials (Senior Management) has resigned from his position with effect from 10 August 2024.Powered by Capital Market - Live News

Arvind announced that the Annual General Meeting(AGM) of the company will be held on 1 August 2024.Powered by Capital Market - Live News

The Board of Arvind at its meeting held on 06 May 2024 has approved the following changes:Appointment of Susheel Kaul (DIN: 08208011) as Managing Director of the Company designated as �Managing Director & President (Textiles)� with effect from 6 May 2024. Appointment of Nilesh Mehta (DIN: 00199071) as an Independent Director of the Company with effect from 12 May 2024.Change in designation of Sanjay Lalbhai as �Chairman� from �Chairman and Managing Director�. Change in designation of Punit Lalbhai as �Vice Chairman� from �Vice Chairman and Executive Director�. Change in designation of Kulin Lalbhai as �Vice Chairman� from �Executive Director�. Powered by Capital Market - Live News

The Board of Arvind at its meeting held on 06 May 2024 has approved scheme of arrangement for transfer of Advanced Materials undertaking of the company as a going concern on a slump sale basis to Arvind Advanced Materials, wholly owned subsidiary of the company.Powered by Capital Market - Live News

Net profit of Arvind rose 2.09% to Rs 99.03 crore in the quarter ended March 2024 as against Rs 97.00 crore during the previous quarter ended March 2023. Sales rose 10.30% to Rs 2074.51 crore in the quarter ended March 2024 as against Rs 1880.76 crore during the previous quarter ended March 2023.For the full year,net profit declined 16.80% to Rs 336.61 crore in the year ended March 2024 as against Rs 404.56 crore during the previous year ended March 2023. Sales declined 7.69% to Rs 7737.75 crore in the year ended March 2024 as against Rs 8382.48 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2074.511880.76 10 7737.758382.48 -8 OPM %11.7110.14 -10.929.54 - PBDT205.55165.02 25 726.66681.50 7 PBT138.2299.13 39 460.84428.49 8 NP99.0397.00 2 336.61404.56 -17 Powered by Capital Market - Live News