Arvind Limited has submitted the Exchange a copy Voting results and Scrutinizers report of NCLT convened Meeting held on May 30, 2025
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Arvind Limited held NCLT-directed meetings on May 30, 2025 for equity shareholders, secured creditors, and unsecured creditors to approve a Scheme of Arrangement to transfer its Advanced Materials Undertaking into Arvind Advanced Materials Limited. Equity shareholders voted overwhelmingly in favour at 99.9984%, with 19.82 crore shares (about 75.7% of outstanding equity) participating in the poll. Secured creditors (10 in number, representing secured debt of about Rs. 122.19 crore) and unsecured creditors (203 in number, representing unsecured debt of about Rs. 900.10 crore) also approved the scheme with 100% votes in favour. With all three stakeholder groups clearing the resolution, the scheme will now proceed to NCLT for final sanction. Promoters, holding 10.36 crore shares (about 39.6% of equity), voted entirely in favour.
The near-unanimous approval across shareholders and creditors is a strong positive signal and significantly increases the probability of NCLT sanction, paving the way for the Advanced Materials business to be demerged as a separate listed/unlisted entity. Existing shareholders may benefit from a cleaner, focused core business and potential value unlocking once the scheme becomes effective, though share-swap ratio details and listing status of the resulting entity will determine actual shareholder value.