DIRECTORS' REPORT

Your Directors are pleased to present the 95^th Annual Report along with the Audited Financial Statements of the Company for
the Financial Year ended March 31, 2026 (“FY 2025-26/FY26”).

Financial Results

Highlights of Financial Results for the year are as under:

Company’s Performance

FY26 commenced on a stable footing despite a challenging
global macroeconomic environment. During the year, the
Company proactively absorbed initial tariff pressures and
strategically realigned its business mix, demonstrating
resilience and operational discipline. These actions helped
establish a strong foundation for the second half of the
year, underscoring the Company’s ability to adapt swiftly to
evolving market conditions. Consequently, the Company
remained well positioned to respond effectively to ongoing
disruptions while continuing to drive growth through market
share gains and deeper customer engagement.

For the full year ended FY26, the Company recorded
consolidated revenue of ?9,303 Crores and EBITDA of

?1,061 Crores , translating into an EBITDA margin of 11.4%.
Improved operating performance and disciplined working
capital management supported robust free cash flow
generation during the year. As a result, net debt reduced by
?112 Crores , closing at ?1,172 Crores as at year end.

The Company’s Balance Sheet has been significantly
strengthened over recent years through a disciplined
capital allocation strategy, a streamlined debt profile,
and an optimse capital structure. Consistent free cash
flow generation has further enhanced financial flexibility,
positioning the Company to pursue growth opportunities
while maintaining Balance Sheet resilience.

These outcomes reflect the Company’s continued
commitment to innovation, customer centricity, and
sustainability, along with its proven ability to navigate a
dynamic operating environment with agility and precision.
Collectively, these efforts have further consolidated Arvind’s
position as a trusted industry leader.

Strategic Developments

On May 06, 2026 the Company announced the acquisition
of a ~61% controlling stake in U.S.-based Dalco GFT through
its wholly owned Subsidiary, Arvind Advanced Materials
Limited (AAML). This acquisition marks the Company’s entry
into the world’s largest technical textiles market.

Dalco GFT, with a revenue base of ~US$100 million, EBITDA
margins of ~17%, and ROCE of ~40%, strengthens AAML’s
portfolio in specialise non woven materials and significantly
enhances its global footprint. The transaction is margin and
EPS accretive from the first year and is expected to unlock
meaningful synergies through cross sourcing, customer
expansion, and technology integration, thereby supporting
the Company’s long term growth ambitions.

Sustainability and ESG Initiatives

During FY26, the Company made significant progress across
its sustainability agenda:

• Commissioned hybrid captive power capacity in
partnership with Torrent Power, achieving 60% captive
energy sourcing, thereby reducing dependence on grid
power and lowering Scope 2 emissions.

• Received Science Based Targets initiative (SBTi) approval
for its near-term, long term and net zero targets aligned
to FY 2050 reinforcing the Company’s commitment to a
credible, science aligned decarbonisation pathway.

• Operationalised India’s first supercritical CO₂ dyeing
facility, a waterless dyeing technology that eliminates
effluent discharge and significantly reduces energy
consumption in wet processing.

• Entered into a strategic partnership with Circ Inc. (USA),
a pioneer in hydrothermal textile recycling, to advance
fibre to fibre circularity and enable closed loop solutions
for blended fabrics.

• Launched India’s first industrial scale torrefaction
project in collaboration with Peak Venture, converting
agricultural biomass into a clean coal substitute and
directly supporting fuel switching and Scope 1 emission
reduction.

As a direct result of these tangible sustainability efforts,
Arvind improved its S&P Global Corporate Sustainability
Assessment (CSA) ESG Score to a record 74. This significantly
exceeds the global industry average of 31 and earned the
Company a global ranking of 6^th worldwide (and 2^nd in India)
among peers in the textiles sector.

Outlook

The evolving geopolitical situation in the Middle East has
heightened uncertainty, impacting input costs, supply
chains, and currency movements. While near term challenges
persist, the Company remains well positioned to navigate
this environment, supported by its diversified operations
and strong product portfolio, which underpin margin
resilience. Concurrently, the Company continues to focus on
aligning stakeholder interests and enhancing returns over
the medium to long term.

A more detailed analysis and commentary on the Company’s
performance and outlook are provided in the Management
Discussion and Analysis Section of this Integrated Annual
Report.

Dividend

The Board of Directors have recommended a final dividend
of ?4.50 per equity share of ?10/- each, for the Financial Year
ended on March 31, 2026. Dividend is subject to approval
of Members at the ensuing Annual General Meeting and
shall be subject to tax deducted at source. The dividend, if
approved by the Members, would involve a cash outflow of
about ?117.95 Crores.

In terms of the provisions of Regulation 43A of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015, the Company has formulated a Dividend Distribution
Policy and the same is available on the Company’s Website
and link for the same is given in “Annexure-A” of this Report.

Transfer to Reserves

During the year under review, the Company has not
transferred any amount to reserves.

Share Capital

The authorised share capital of the Company as on March
31, 2026 was ?674.50 Crores divided into 57.45 Crores equity
shares of ?10 each and 1 Crores preference shares of ?100
each. During the year under review, there was no change in
the Authorised Share Capital of the Company.

During the year under review the Company has allotted
2,96,666 Equity Shares of ?10 each to the eligible employees
pursuant to the exercise of stock options granted in terms
of the Employees Stock Option Scheme 2021 (ESOS) of the
Company. Consequently, the paid-up Equity Share Capital
of the Company stood at ?262.11 Crores consisting of
26,21,14,640 equity shares of ?10 each.

During the year under review, the Company has not issued
shares with differential voting rights and sweat equity shares.

Employee Stock Option Scheme (ESOS)

The Company has instituted the Employees Stock Option
Scheme (ESOS) to grant equity based incentives to certain
eligible employees and Directors of the Company and its
Subsidiary companies.

During the year under review, the Board at its meeting held on
November 07, 2025 proposed the implementation of existing
AL - Employee Stock Option Scheme 2021 (“Scheme” or “AL-
ESOS 2021” or “ESOS 2021”) through irrevocable employee
welfare trust to be set up by the Company for the benefit of
employees and Shareholders and for ease of administration,
faster turnaround time for transfer of shares to employees
upon exercise of options, and, wherever necessary, to
facilitate assistance to employees in connection with the
exercise of options.

Thereafter, the Shareholders through Postal Ballot
Notice dated December 19, 2025 have approved the said
implementation of existing ESOS 2021 through trust route.
The AL ESOP Trust was set up by the Company on March
16, 2026 for administration and implementation of AL -
Employee Stock Option Scheme 2021.

Post implementation of the Scheme through ESOP Trust,
the Company will grant, offer, issue and allot in one or more
tranches stock options/shares under ESOS 2021 through
primary issue or secondary acquisition, at any time to or
for the benefit of the eligible employees of the Company,
depending on situational requirements and regulatory
compliances.

For employees, the Trust structure enables cashless exercise,
allowing them to realise value without upfront payment of the
exercise price or taxes, thereby ensuring faster and smoother
settlement of ESOP benefits. For Shareholders, the Trust will
acquire shares through secondary acquisition, resulting
in no fresh issuance of equity shares and consequently no
dilution of existing shareholding or impact on the Company’s
earnings per share. The Trust route therefore provides an
efficient, non-dilutive and stakeholder-friendly mechanism
for administering the ESOP Scheme.

The scheme is in compliance with Securities and Exchange
Board of India (Share Based Employee Benefits and Sweat
Equity) Regulations, 2021. The certificate of the Secretarial
Auditor regarding implementation of scheme shall be made
available for inspection of Members in electronic mode at
Annual General Meeting.

Disclosures in compliance with Section 62 of the Companies
Act, 2013 and Rule 12 of Companies (Share Capital and
Debentures) Rules, 2014 and the Securities and Exchange
Board of India (Share Based Employee Benefits and Sweat
Equity) Regulations, 2021 are set out in ‘‘Annexure - B’’ to
this report.

Finance

The Company has repaid the instalments aggregating to
?159.96 Crores during the current Financial Year. Further, the
Company has availed fresh long-term borrowings amounting
to ?170 Crores during the year. As a result, the total long¬
term debt of the Company stands at ?353.21 Crores as on
March 31, 2026.

Deposits

During the year under review, the Company has not accepted
or renewed any Deposit within the meaning of Section 73 of
the Companies Act, 2013 and the rules made there under.

Non-Convertible Debentures

During the year ended March 31, 2026, the Company does
not have any outstanding Non-Convertible Debentures.

During the year under review, the Company has not issued/
allotted any Non-Convertible Debentures.

Particulars of Loans, Guarantees or Investments

During the year under review, your Company has made loans,
given guarantees, provided securities and made investments
in compliance with Section 186 of the Act.

The particulars of loans, guarantee and investments made
during the year under review, are given in the Notes forming
part of the Financial Statements.

Scheme of Arrangement

The Board of Directors at its meeting held on May 06, 2024
approved the Scheme of Arrangement involving transfer
and vesting of the Advanced Materials Undertaking of Arvind
Limited (‘Applicant Transferor Company’) to Arvind Advanced
Materials Limited (‘Applicant Transferee Company’) and their
respective Shareholders and creditors (‘Scheme’) with an
appointed date of April 01, 2024.

The Hon’ble National Company Law Tribunal (NCLT),
Ahmedabad Bench vide its order dated August 07, 2025
sanctioned the above-mentioned Scheme of Arrangement.
The Scheme became effective from September 01, 2025,
after filing the certified copy of the NCLT Order with ROC.

Corporate Social Responsibility

At Arvind Limited, we believe that thriving businesses can
only exist within thriving societies. This conviction, deeply
rooted in the Lalbhai legacy, has inspired generations of
leadership to view business growth and community well¬
being as fundamentally intertwined. Over the years, this
commitment has manifested in sustained investments
across Education, Environment, Livelihood, Women’s
Empowerment and Youth skilling programs that continue to
nurture the communities around us.

The Arvind Limited Policy on Corporate Social Responsibility
(ALPCSR) provides formal expression to this enduring belief.
Grounded in the spirit of service and aligned with Schedule VII
of the Companies Act, 2013, our CSR initiatives are designed
not for immediate impact alone, but for strengthening resilient
communities, enabling inclusive growth, and ensuring that
progress remains a collective endeavour for all.

The Corporate Social Responsibility Policy of the Company is
available on the Company’s website and link for the same is
given in “Annexure-A” of this Report.

The disclosures required to be given under Section 135 of the
Act read with Rule 8(1) of the Companies (Corporate Social
Responsibility Policy) Rules, 2014 are provided in the Annual
Report on CSR Activities for FY 2025-2026, forming part of the
Report as “Annexure - C”.

Human Resources

At Arvind, people are not a function of the business — they
are its foundation. Our sustained growth is a reflection of the
capabilities, commitment, and character of the individuals
who make up this organisation. FY 2025-26 was a year in
which we invested with intention in building a workforce that
is not only ready for the demands of today, but equipped to
lead through the opportunities of tomorrow.

We strengthened the architecture of performance — bringing
greater clarity to roles, sharpening goal-setting practices, and
embedding a culture where feedback flows regularly and
recognition is meaningful. Structured talent mapping and
purposeful internal mobility enabled us to match evolving
business needs with individual growth aspirations, deepening
our leadership pipeline at every level of the organisation.

We made meaningful progress in building an environment
where people feel genuinely heard and supported. Manager
capability building, open dialogue frameworks, and robust
grievance mechanisms ensured that accountability and
empathy coexist across our teams. At the same time, we
continued our journey of digital integration — simplifying
core HR processes, reducing administrative friction, and
giving employees better access to the tools and information
that matter to them.

We enter FY 2026-27 with a stronger, more engaged, and
more capable workforce. Our belief remains unchanged:
an organisation where people feel valued, trusted,
and challenged consistently delivers more — for its
Shareholders, its customers, and the communities it serves.

Risk Management

The Company has a robust Enterprise Risk Management
(ERM) framework that enables it to strategically take
calculated risks to remain competitive and drive growth,
while simultaneously mitigating other risks to ensure long
term sustainability and stable performance.

Under the framework, the Company has laid down a
Risk Management Policy which defines the process for
identification of risks, its assessment, mitigation measures,
monitoring and reporting. While the Company, through its
employees and Executive Management, continuously assess
the identified Risks, the Risk Management Committee reviews
the identified Risks and its mitigation measures half yearly.

The top 10 risks identified by the Company includes - 3
Strategic Risks, 6 Operational Risks & 1 Regulatory Risk. Key
Strategic Risks include demand destruction/shift, Succession
Planning, geographical concentration. Key Operating Risks

include customer concentration, vendor concentration,
availability of competent human resource, cyber security/
data protection, industrial safety, increase in labour cost
and sustainability. Regulatory Risks include litigation and
regulatory compliances.

Internal Financial Controls

The Company has in place adequate internal financial controls
with reference to the Financial Statements commensurate
with the size, scale and complexity of its operations. During
the year, such controls were tested and no reportable material
weakness in the design or operation was observed. The
Statutory Auditors of the Company have audited such controls
with reference to the Financial Reporting and their Audit
Report is annexed as Annexure A to the Independent Auditors’
Report under the Standalone Financial Statements and the
Consolidated Financial Statements which forms part of the
Integrated Annual Report.

Vigil Mechanism/Whistle Blower Policy

The Company has established a vigil mechanism through
its Whistle Blower Policy to address instances of fraud,
mismanagement, or other unethical conduct. Details of
the Whistle Blower Policy are provided in the Corporate
Governance Report and are also available on the Company’s
website and link for the same is given in “Annexure-A” of
this Report.

Subsidiaries, Associates and Joint Venture Companies

As on March 31, 2026, the Company has 19 Subsidiary
companies (Direct or Indirect) and 3 Joint Ventures and 2
associate companies.

During the year, Arvind Niloy Exports Private Limited ceased
to be the Subsidiary of the Company and Adient Arvind
Automative Fabrics India Private Limited ceased as Joint
Venture of the Company.

Moreover, Arvind PD International FZ LLC and Arvind New
Technologies Private Limited became Subsidiaries of the
Company.

Pursuant to the provisions of Section 129, 134 and 136 of
the Act read with rules made thereunder and Regulation 33
of the SEBI Listing Regulations, the Company has prepared
Consolidated Financial Statements of the Company and
a separate statement containing the salient features of
Financial Statement of Subsidiaries, Joint Ventures and
associates in Form AOC-1, which forms part of this Integrated
Annual Report. The separate audited Financial Statements
in respect of each of the Subsidiary shall be kept open for
inspection at the Registered Office of the Company and are
also available on the website of the Company at www.arvind.
com. The Company will also make available these documents
upon request by any Member of the Company interested in
obtaining the same.

As on March 31, 2026, in terms of Regulation 16(1)(c) of the
SEBI Listing Regulations, the Company has one material
Subsidiary namely Arvind Advanced Materials Limited. The
details of the Material Subsidiary is given in the Corporate
Governance Report forming part of this Report. The Company
has framed a policy for determining Material Subsidiaries,
which has been uploaded on Company’s website and link for
the same is given in “Annexure-A” of this Report.

Meetings of Board/Committees:

During the Financial Year, 5 (five) meetings of the Board of
Directors of the Company were held. The details of these
Board meetings as well as the details of various Committees
constituted/re-constituted by the Board are provided in the
section on Corporate Governance of this Integrated Annual
Report.

Directors and Key Managerial Personnel (KMP)

As on March 31, 2026, the Board of Directors consists of 9
(Nine) Members, of which 5 (five) are Independent Directors.
The Board also comprises of two women Independent
Directors.

In accordance with the provisions of Section 152 of the Act,
read with rules made thereunder and Articles of Association
of your Company, Mr. Punit Lalbhai (DIN: 05125502) and Mr.
Kulin Lalbhai (DIN: 05206878) are liable to retire by rotation
at the ensuing AGM and being eligible, offers themselves for
re-appointment.

The Board, on the recommendation of Nomination
and Remuneration Committee (NRC) of the Company,
recommends the re-appointment of Mr. Punit Lalbhai and
Mr. Kulin Lalbhai as a Directors for your approval.

Brief details, as required under Secretarial Standard-2 and
Regulation 36 of SEBI Listing Regulations, are provided in the
Notice of ensuing Annual General Meeting.

Details of Directors & KMP appointed/reappointed/ceased
to be Directors during the year are as under:
Appointments/Reappointments:

i. Mr. Gokul Mrugesh Jaykrishna (DIN:00671652) was
appointed as an Independent Director w.e.f. September
08, 2025 for a term of five years.

Cessations:

i. Mr. Susheel Kaul (DIN: 08208011) ceased to be Managing
Director & President (Textiles) w.e.f. closure of business
hours on March 09, 2026.

ii. Mr. Nilesh Shah (DIN: 01711720) retired as an
Independent Director w.e.f. May 06, 2025.

iii. Mr. Krunal Bhatt ceased to be Company Secretary and
Compliance Officer w.e.f. the closure of business hours
on January 12, 2026.

Details of Directors/Key Managerial Personnels appointed
after the closure of the year under review are as under:

i. Mr. Nigam Shah (DIN: 10056383) was appointed as
Whole-time Director designated as “Executive Director”
w.e.f. April 03, 2026 for a term of five years.

ii. Mr. Pritesh Shah was appointed as Company Secretary and
Compliance Officer of the Company w.e.f. April 03, 2026.

Formal Annual Evaluation

Pursuant to the provisions of the Companies Act, 2013
and Regulation 17(10) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Board has
carried out an annual evaluation of its own performance as
well as that of its Committees and Individual Directors. The
manner in which the evaluation has been carried out has
been explained in the Corporate Governance Report.

Appointment and Remuneration Policy

The Board has, on the recommendation of the Nomination
and Remuneration Committee, framed a policy for selection
and appointment of Directors, Key Managerial Personnel
and Senior Management and their remuneration. The Policy
broadly lays down the guiding principles, philosophy and
the basis for payment of remuneration to Executive and
Non-Executive Directors, Key Managerial Personnel and
Senior Management. The policy also provides the criteria
for determining qualifications, positive attributes and
Independence of Director and criteria for appointment
and removal of Directors, Key Managerial Personnel/
Senior Management and performance evaluation which
are considered by the Nomination and Remuneration
Committee/Board of Directors. The policy is available on
the website of the Company and link for the same is given in
“Annexure-A” of this Report.

Familiarisation Program for the Independent Directors

In compliance with the requirements of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015,
the Company has put in place a familiarisation programme
for the Independent Directors to familiarise them with their
role, rights and responsibility as Independent Directors, the
working of the Company, nature of the industry in which the
Company operates, business model etc. The details of the
familiarisation programme are explained in the Corporate
Governance Report and also available on the Company’s
website and link for the same is given in “Annexure-A” of
this Report.

Declaration of Independence

The Company has received declarations from all the
Independent Directors of the Company confirming that they
meet the criteria of independence as prescribed under Section
149(6) of the Companies Act, 2013 and the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
and they have complied with the Code for Independent
Directors as prescribed in Schedule IV to the Act.

Directors’ Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013, the
Board of Directors, to the best of their knowledge and ability,
confirm that:

a. In preparation of the annual accounts for the Financial
Year ended March 31, 2026 the applicable accounting
standards have been followed along with proper
explanation relating to material departures, if any;

b. They have selected such accounting policies and
applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give
a true and fair view of the state of affairs of the Company
at the end of the Financial Year and of the profit and loss
of the Company for that period;

c. They have taken proper and sufficient care towards
the maintenance of adequate accounting records
in accordance with the provisions of this Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

d. They have prepared the annual accounts on a going
concern basis;

e. They have laid down internal financial controls, which
are adequate and are operating effectively;

f. They have devised proper systems to ensure compliance
with the provisions of all applicable laws and such
systems are adequate and operating effectively.

Related Party Transactions

All the related party transactions are entered on arm’s
length basis, in the ordinary course of business and are in
compliance with the applicable provisions of the Companies
Act, 2013 and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. There are no materially
significant related party transactions made by the Company
with Promoters, Directors, Key Managerial Personnel etc.
which may have potential conflict with the interest of
the Company at large or which warrants the approval of
the Shareholders. Accordingly, no transactions are being
reported in Form AOC-2 in terms of Section 134 of the Act
read with Rule 8 of the Companies (Accounts) Rules, 2014.
However, the details of the transactions with Related Parties
are provided in the Company’s Financial Statements in
accordance with the Accounting Standards.

All Related Party Transactions are presented to the Audit
Committee and the Board. Omnibus approval is obtained
for the transactions which are foreseen and repetitive in
nature. A statement of all related party transactions is
presented before the Audit Committee on a quarterly basis,
specifying the nature, value and terms and conditions of the
transactions.

The Policy on Related Party Transactions as approved by the
Board is available on Company’s website and link for the
same is given in “Annexure-A” of this Report.

Auditors

• Statutory Auditors

M/s. Deloitte Haskins & Sells LLP, Chartered Accountants,
(ICAI Firm Registration No. 117366W/W-100018) were
re-appointed as the Statutory Auditors of the Company
at the Annual General Meeting of the Company held
on September 06, 2022 for a term of five consecutive
years. The Report given by the Auditors on the Financial
Statements of the Company is part of the Integrated
Annual Report. There has been no qualification,
reservation, adverse remark or disclaimer given by
the Auditors in their Report. The Statutory Auditors
have confirmed their eligibility and that they are not
disqualified from continuing in office as the Statutory
Auditors of the Company.

• Cost Auditors

Kiran J. Mehta & Co., Cost Accountants, Ahmedabad
(Firm Registration No. 000025) carried out the cost
audit for applicable businesses during the year. The
Board of Directors has appointed them as Cost Auditors
for Financial Year 2026-27. The remuneration payable
to the Cost Auditors is required to be placed before the
Members in a general meeting for their ratification.
Accordingly, a Resolution seeking Members’ ratification
for the remuneration payable to Kiran J. Mehta & Co.,
Cost Auditors is included at item No. 5 of the notice
convening the Annual General Meeting. There has
been no qualification, reservation, adverse remark or
disclaimer given by the Cost Auditors in their Report.
The Cost Auditors have confirmed that they are not
disqualified to be appointed as a Cost Auditor and are
eligible to hold office as Cost Auditor of the Company.

In accordance with the provisions of Section 148(1) of
the Act, read with the Companies (Cost Records and
Audit) Rules, 2014, the Company has maintained cost
accounts and records.

• Secretarial Auditors

M/s. Hitesh Buch & Associates, a firm of Company
Secretaries in practice, was appointed as the Secretarial
Auditor of the Company at the Annual General Meeting
of the Company held on August 08, 2025 for a term of
five consecutive years.

The Secretarial Audit Report for Financial Year ended
March 31, 2026, pursuant to Section 204 of the
Companies Act, 2013 and Rule 9 of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 and Regulation 24A of the SEBI
(Listing Obligations and Disclosure Requirements)
Regulations, 2015 is annexed herewith as “Annexure-D”.
The Secretarial Audit Report does not contain any
qualifications, reservation or adverse remarks except
in respect of Regulation 17(1) of the Listing Regulations

with regard to composition of Board for a specific
time period which was subsequently complied by the
Company. The Secretarial Auditors have confirmed
that they are not disqualified to be appointed as a
Secretarial Auditor and are eligible to hold office as
Secretarial Auditor of the Company.

The Annual Secretarial Compliance Report, issued
in accordance with Regulation 24A of the Listing
Regulations, forms part of this Report as “Annexure
- D” and was duly submitted to the Stock Exchanges
within the prescribed timeline of 60 days from the end
of the Financial Year.

As per the requirements of SEBI Listing Regulations,
the Practicing Company Secretary (PCS) appointed
by Material Subsidiary of the Company undertook
secretarial audit for FY 2025-26. Secretarial Audit Report
issued by such PCS confirms that the said Material
Subsidiary has complied with the provisions of the Act,
rules, regulations and guidelines and that there were
no deviations or non- compliances. The said secretarial
audit report forms part of this Integrated Annual Report
as “Annexure - D”.

Enhancing Shareholders’ Value

The Company believes that its Members are its most
important stakeholders. Accordingly, the Company’s
operations are committed to the pursuit of achieving high
levels of operating performance and cost competitiveness,
consolidating and building for growth, enhancing the
productive asset and resource base and nurturing overall
corporate reputation. The Company is also committed to
creating value for its other stakeholders by ensuring that its
corporate actions positively impact the socio-economic and
environmental dimensions and contribute to sustainable
growth and development.

Corporate Governance Report and Management
Discussion and Analysis

The Corporate Governance Report and Management
Discussion and Analysis, which form part of this Report,
together with the Certificate from the Secretarial Auditor
of the Company regarding compliance of conditions of
Corporate Governance as stipulated in Schedule V of
Regulation 34(3) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

Secretarial Standards

During the year under review, the Company has complied
with the provisions of Secretarial Standard-1 and Secretarial
Standard - 2 issued by the Institute of Company Secretaries
of India.

Compliance with the Maternity Benefit Act:

The Company has complied with the provisions of the
Maternity Benefit Act, 1961, as amended from time to time.

All eligible women employees have been provided with the
benefits stipulated under the Act, including maternity leave
and other prescribed statutory entitlements.

Business Responsibility and Sustainability Report

The Business Responsibility and Sustainability Report for the
year ended March 31, 2026 as stipulated under Regulation 34
of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 is annexed which forms part of this
Integrated Annual Report.

Conservation of Energy, Technology Absorption and
Foreign Exchange Earnings and Outgo

The information on conservation of energy, technology
absorption and foreign exchange earnings and outgo
stipulated under Section 134(3)(m) of the Companies Act,
2013 read with Rule 8 of The Companies (Accounts) Rules,
2014, is annexed herewith as “Annexure - E”.

Credit Rating

The Company’s financial discipline and prudence is reflected
in the strong credit ratings ascribed by rating agencies.
The details of credit rating are disclosed in the Corporate
Governance Report, which forms part of this Integrated
Annual Report.

Extract of the Annual Return

Pursuant to Section 92(3) read with Section 134(3)(a) of the
Act, the annual return for FY 2025-26 has been uploaded on
the Company’s website and can be accessed at:-https://
www.arvind.com/sites/default/files/annual reports/
Draft%20Annual%20Return%202025-26.pdf

Particulars of Employees

The information required pursuant to Section 197(12) of
the Companies Act, 2013 read with Rule 5(2) and 5(3) of the
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 in respect of employees of the
Company, will be provided upon request. In terms of Section
136(1) of the Companies Act, 2013, the Report and Accounts
are being sent to the Members and others entitled thereto,
excluding the information on employees’ particulars which
is available for inspection by the Members at the Registered
Office of the Company during business hours on working
days of the Company up to the date of the ensuing Annual
General Meeting. If any Member is interested in obtaining
a copy thereof, such Member may write to the Company
Secretary in this regard.

Disclosures pertaining to remuneration and other details
as required under Section 197(12) of the Companies Act,
2013 read with Rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 are
given in ‘‘Annexure - F” to this report.

Disclosure as per Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013

Arvind is unequivocal in its commitment to a workplace
that is safe, dignified, and inclusive for every individual. We
maintain a zero-tolerance policy towards sexual harassment
in any form, and our practices are fully aligned with the
provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.

The Arvind Internal Complaints Committee (AICC)
operates with complete independence and clearly defined
authority. Its composition, mandate, and accessibility are
communicated transparently across the organisation. All
Committee Members undergo formal training to ensure
that proceedings are conducted with sensitivity, fairness,
and procedural integrity. This is complemented by regular
awareness sessions across teams, reinforcing behavioural
expectations and ensuring that every employee knows their
rights and the channels available to them.

For the Financial Year 2025-26, the AICC received nil
complaints. We regard this as a reflection of the trust
employees place in our culture and in the processes we have
built — and as a commitment we continue to honour with
the same seriousness with which it was earned.

General

The Board of Directors state that no disclosure or reporting
is required in respect of the following matters as there were
no transactions or applicability pertaining to these matters
during the year under review:

I. Material Changes have taken place from the end of
the Financial Year till the date of this report including
material change in the nature of business of the
Company.

II. Material orders passed by the Regulators/Courts which
would impact the going concern status of the Company
and its future operations.

III. Fraud reported by the Statutory Auditors, Cost Auditors
and Secretarial Auditors to the Audit Committee or the
Board of Directors of the Company.

IV. Payment of remuneration or commission from any of
its holding or Subsidiary companies to the Managing
Director/Whole Time Director of the Company.

V. Voting rights which are not directly exercised by the
employees in respect of shares for the subscription/
purchase of which loan was given by the Company (as
there is no scheme pursuant to which such persons can
beneficially hold shares as envisaged under Section
67(3)(c) of the Companies Act, 2013).

VI. Details of any application filed for corporate insolvency
under Corporate Insolvency Resolution Process under
the Insolvency and Bankruptcy Code, 2016.

VII. One time settlement of loan obtained from the banks or
financial institutions.

Acknowledgements

The Board expresses its sincere thanks to all the employees,
customers, suppliers, investors, lenders, regulatory and
government authorities and stock exchanges for their co¬
operation and support and look forward to their continued
support in future.

By order of the Board
Place: Ahmedabad Sanjay Lalbhai

Date: May 15, 2026 Chairman