NSEMonitoring Agency Report3d ago · 28 Oct 2026, 02:30 pm
Monitoring Agency Report
Arvind Limited · ARVIND
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Arvind Limited has submitted a Monitoring Agency Report for the quarter ended September 30, 2026, in relation to the QIP issue of Rs. 500.00 crore. The report confirms that all the proceeds from the QIP have been utilized appropriately for the objects of the issue.
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Monitoring Agency Report for the Quarter Ended on 30th September, 2026
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L ArVIOD
www.arvind.com
Ref. No. AL/SECT/2026-27/81
October 28, 2026
BSE Limited Na(cid:415)onal Stock Exchange of India Ltd.
Lis(cid:415)ng Dept. / Dept. of Corporate Services, Lis(cid:415)ng Dept., Exchange Plaza, 5th Floor,
Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block,
Dalal Street, Bandra-Kurla Complex,
Mumbai - 400 001. Bandra (E), Mumbai - 400 051.
Security Code : 500101 Symbol : ARVIND
Security ID : ARVIND
Dear Sir / Madam,
Sub: Monitoring Agency Report for the quarter ended September 30, 2026
Pursuant to Regula(cid:415)on 32 of the Securi(cid:415)es and Exchange Board of India (Lis(cid:415)ng Obliga(cid:415)ons and
Disclosure Requirements) Regula(cid:415)ons, 2015 (“SEBI Lis(cid:415)ng Regula(cid:415)ons”), read with Regula(cid:415)on 41 of the
SEBI (Issue of Capital and Disclosure Requirements) Regula(cid:415)ons, 2018, we are enclosing herewith the
Monitoring Agency Report dated October 28, 2026 issued by CARE Ra(cid:415)ngs Limited, for the quarter
ended September 30, 2026, in respect of u(cid:415)liza(cid:415)on of proceeds of the Qualified Ins(cid:415)tu(cid:415)ons Placement
(QIP) of the Company.
Copy of the Report is also being made available on the Company's website at www.arvind.com.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Arvind Limited
Pritesh Shah
Company Secretary
Encl. - As above
REGISTERED OFFICE:
Arvind Limited
Naroda Road, Ahmedabad -382 345, Gujarat, India.
Phone: +91 79 6826 8000 I Email: info(qarvind.in
CIN: L 17119GJ1931 PLC000093
Moni t oring Agency Report CareEdge
RATINGS
No. CARE/ARO/GEN/2026-27/1198
The Board of Directors
Arvind Limited
Arvind Mill Premises, Naroda Road,
Gujarat, Ahmedabad, India - 380025
October 28, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the QIP of Arvind
Limited (“the Company”)
We write in our capacity of Monitoring Agency for the QIP Issue for the amount aggregating to Rs. 500.00 crore of the
Company and refer to our duties cast under 173A of the Securities & Exchange Board of India (Issue of Capital &
Disclosure Requirements) Regulations.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended September 30,2026 as per
aforesaid SEBI Regulations and Monitoring Agency Agreement dated July 31,2026.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Dhruv Shah
Assistant Director
dhruv.shah@careedge.in
Report of the Monitoring Agency
Name of the issuer: Arvind Limited
For quarter ended: September 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of
the issue based on the information provided by the Issuer and information obtained from sources believed by it to be
accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA
which accepts no responsibility whatsoever for loss or damage from the use of the said information. The views and
opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner
whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship
between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not
act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report
pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there
is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds
by the issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where
applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be
captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their
report to the issuer and before dissemination of the report through stock exchanges. These sections have not been
reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Dhruv Shah
Designation of Authorized person/Signing Authority: Assistant Director
1) Issuer Details:
Name of the issuer : Arvind Limited
Name of the promoter : Sanjaybhai Shrenikbhai Lalbhai (individually and as a trustee of Discretionary Trust), Jayshreeben Sanjaybhai Lalbhai, Punit Sanjay
Lalbhai and Aura Securities Private Limited
Industry/sector to which it belongs : Textile industry
2) Issue Details
Issue Period : August 03, 2026 to August 05, 2026
Type of issue (public/rights) : QIP
Type of specified securities : Equity Shares
IPO Grading, if any : Not applicable
Issue size (in crore) : Rs. 500.00 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information / Comments of
certifications considered by Comments of the the
Particulars Reply
Monitoring Agency for preparation Monitoring Agency Board of
of report Directors
Placement document/Bank Statement/
Whether all utilization is as per the disclosures in All the proceeds from QIP have been utilized appropriately for
Yes Invoices/ CA certificate* and No comments
the Offer Document? the objectives mentioned in the offer document
Management certificate
Whether shareholder approval has been obtained
Not Management Certificate and CA
in case of material deviations# from expenditures No deviation has been observed. No comments
applicable certificate
disclosed in the Offer Document?
Whether the means of finance for the disclosed Management Certificate and CA There has been no change in means of finance for the
No No comments
objects of the issue have changed? certificate disclosed objects of the issue
Is there any major deviation observed over the Not Not applicable
Not applicable No comments
earlier monitoring agency reports? applicable
Whether all Government/statutory approvals Not Management Certificate and CA
Not applicable No comments
related to the object(s) have been obtained? applicable certificate
Whether all arrangements pertaining to technical Not Management Certificate and CA
Not applicable No comments
assistance/collaboration are in operation? applicable certificate
Are there any favorable/unfavorable events Management Certificate and CA
No - No comments
affecting the viability of these object(s)? certificate
Source of information / Comments of
certifications considered by Comments of the the
Particulars Reply
Monitoring Agency for preparation Monitoring Agency Board of
of report Directors
Is there any other relevant information that may
Management Certificate and CA
materially affect the decision making of the No - No comments
certificate
investors?
*CA certificate dated October 24,2026 from Sorab S. Engineer & co.
#Where material deviation may be defined to mean:
a) Deviation in the objects or purposes for which the funds have been raised
b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents.
4) Details of objects to be monitored:
(i) Cost of objects –
Original cost Comments of the Board of Directors
Source of information / Comments
(as per the Revised Particulars
Sr. Item certifications considered of the Reason Proposed
Offer Cost of -firm
No Head by
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