Board notes fine by BSE and NSE for board composition non-compliance

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ARVIND · price

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Price reactionminutes from the announcement price · days from the prior close

+5.6%Reaction day

₹297.55

prior close

₹313.35

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.8%+3.7% vs market

Garments & Apparels peers, median of 36sector+0.1%+5.5% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 5.5 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+5.6+1.8+3.7+0.1+5.5

Next day

+10.2+0.5+9.7-0.7+10.9

+20.9+4.3+16.6+3.5+17.4

+24.5+5.6+18.8+5.5+19.0

+25.9+4.6+21.3+6.6+19.3

+23.0+3.8+19.2+6.1+16.9

+22.8+7.5+15.3+8.6+14.2

15d

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+16.2-0.3+16.5-5.4+21.6

+13.1-9.6+22.7-20.0+33.1

+33.5+9.9+23.6-0.7+34.3

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arvind Limited's board noted a fine of 4.07 lakh rupees each from BSE and NSE for non-compliance with SEBI Regulation 17(1) on board composition (failure to appoint woman director) during the September 2025 quarter. Total fine of about 8.14 lakh rupees was already paid on December 4, 2025. The company appointed an Independent Director on September 8, 2025 to restore compliance. Board stated there was no mala fide or wilful intent.

Likely market impact

Minor penalty already paid with no material financial impact. Issue is resolved and compliance restored, limiting any lasting effect on shareholders.