Company Profile

ARVIND FASHIONS LTD.

NSE : ARVINDFASNBSE : 542484ISIN CODE : INE955V01021Industry : RetailingHouse : Lalbhai
BSE219.259 (+4.28 % )
PREV CLOSE (Rs.) 210.25
OPEN PRICE (Rs.) 212.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 115108
TODAY'S LOW / HIGH (Rs.)210.65 221.60
52 WK LOW / HIGH (Rs.)117.17 224.75
NSE219.10 8.65 (+4.11 % )
PREV CLOSE(Rs.) 210.45
OPEN PRICE (Rs.) 213.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 219.10 (4033 )
VOLUME 1396949
TODAY'S LOW / HIGH(Rs.) 210.55 221.70
52 WK LOW / HIGH (Rs.)117.65 224.9

Company News

Date Heading Details
29-Jul-2021 Board Meeting Intimation for Approval And Taking On Record The Unaudited Standalone And Consolidated Financial Results. Arvind Fashions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2021 ,inter alia, to consider and approve Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter ended on 30th June 2021.
21-Jul-2021 Arvind Fashions informs about compliance certificate <p align="justify">Pursuant to Regulation 74(5) of the SEBI (Depositories &amp; Participants) Regulations, 2018, Arvind Fashions has informed that it enclosed a confirmation certificate received from Link Intime India, the Registrar and Transfer Agent of the Company for the period ended on June 30, 2021.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p>
04-Jun-2021 Arvind Fashions gets nod to raise up to Rs 400 crore <p align="justify">Arvind Fashions has received approval from Board of Directors to raise fund aggregate amount not exceeding Rs 400 crore through preferential issue and/or Qualified Institutions Placement (QIP) or through any other permissible mode or any combination thereof. The Board of Directors of Arvind Fashions, at its meeting held on June 03, 2021 has, considered and approved the same. <p align="justify">Arvind Fashions, the Lalbhai Group's fastest-growing retail arm that was carved out in recent restructuring.</p>
04-Jun-2021 Arvind Fashions falls even after its consolidated net loss narrows to Rs 103.25 crore in Q4 <p>Arvind Fashions is currently trading at Rs. 145.15, down by 2.75 points or 1.86% from its previous closing of Rs. 147.90 on the BSE.<br></p><p>The scrip opened at Rs. 146.45 and has touched a high and low of Rs. 147.00 and Rs. 144.60 respectively. So far 29535 shares were traded on the counter.<br></p><p>The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 188.71 on 08-Jun-2020 and a 52 week low of Rs. 117.12 on 23-Sep-2020.<br></p><p>Last one week high and low of the scrip stood at Rs. 153.70 and Rs. 142.60 respectively. The current market cap of the company is Rs. 1647.27 crore.<br></p><p>The promoters holding in the company stood at 40.41%, while Institutions and Non-Institutions held 20.02% and 39.57% respectively.<br></p><p>Arvind Fashions has reported results for fourth quarter and year ended March 31, 2021.</p><p>The company has reported net loss at Rs 22.92 crore for the quarter under review as compared to net loss of Rs 0.10 crore for the same quarter in the previous year. Total income of the company decreased by 70.78% at Rs 61.07 crore for Q4FY21 as compared Rs 209.01 crore for the corresponding quarter previous year.</p><p>On the consolidated basis, the company has reported net loss from continuing operations and discontinuing operations attributable to equity holders at Rs 103.25 crore for the quarter under review as compared to net loss of Rs 204.34 crore for the same quarter in the previous year. However, total income of the company increased by 11.06% at Rs 794.18 crore for Q4FY21 as compared Rs 715.08 crore for the corresponding quarter previous year.</p><p>For the year ended March 31, 2021, the company has reported net loss at Rs 59.41 crore as compared to net loss of Rs 4.89 crore for the previous year. Total income of the company decreased by 63.88% at Rs 313.04 crore for year under review as compared to Rs 866.55 crore for year ended March 31, 2020.</p><p>For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss from continuing operations and discontinuing operations attributable to equity holders at Rs 579.78 crore as compared to net loss of Rs 400.74 crore for the previous year. Total income of the company decreased by 36.58% at Rs 2,329.50 crore for year under review as compared to Rs 3,673.35 crore for year ended March 31, 2020.<br></p>
03-Jun-2021 Arvind Fashions' consolidated net loss narrows to Rs 103.25 crore in Q4 <p align="justify">Arvind Fashions has reported results for fourth quarter and year ended March 31, 2021.<p align="justify">The company has reported net loss at Rs 22.92 crore for the quarter under review as compared to net loss of Rs 0.10 crore for the same quarter in the previous year. Total income of the company decreased by 70.78% at Rs 61.07 crore for Q4FY21 as compared Rs 209.01 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported net loss from continuing operations and discontinuing operations attributable to equity holders at Rs 103.25 crore for the quarter under review as compared to net loss of Rs 204.34 crore for the same quarter in the previous year. However, total income of the company increased by 11.06% at Rs 794.18 crore for Q4FY21 as compared Rs 715.08 crore for the corresponding quarter previous year.<p align="justify">For the year ended March 31, 2021, the company has reported net loss at Rs 59.41 crore as compared to net loss of Rs 4.89 crore for the previous year. Total income of the company decreased by 63.88% at Rs 313.04 crore for year under review as compared to Rs 866.55 crore for year ended March 31, 2020.<p align="justify">For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss from continuing operations and discontinuing operations attributable to equity holders at Rs 579.78 crore as compared to net loss of Rs 400.74 crore for the previous year. Total income of the company decreased by 36.58% at Rs 2,329.50 crore for year under review as compared to Rs 3,673.35 crore for year ended March 31, 2020.</p>
31-May-2021 Allotment of Equity Shares Audited Results & Preferential Issue of shares Inter-alia, consider the proposal of raising of funds by way of further issue of securities (including convertible or non-convertible) through preferential issue and/or Qualified Institutions Placement (QIP) or any equivalent capital raising method permitted by applicable laws or any combination thereof and subject to approval of the shareholders.
02-Mar-2021 Arvind Fashions informs about newspaper publication <p align="justify">Arvind Fashions has informed that pursuant to provisions of Regulation 84(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it submitting the e-clippings of the Pre-Issue Advertisement published in connection with the Rights Issue of the Company, in the following newspapers on March 2, 2021: Financial Express - (English) National daily - All Editions; Janasatta - (Hindi) National Daily - All Editions; and Financial Express - (Gujarati) - Regional Edition.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p>
18-Feb-2021 Arvind Fashions to raise around Rs 200 crore through rights issue <p align="justify">Arvind Fashions has received approval from committee of directors to raise around Rs 200 crore through a rights issue. The committee of directors of the company has approved the issue of 1,48,02,856 partly paid-up equity shares of face value of Rs 4 each at an issue price of Rs 135 per equity share for up to Rs 199.84 crore to all the existing equity shareholders of the company on a rights basis. The rights entitlement ratio is three rights equity shares for every 20 equity shares in the company. <p align="justify">Arvind Fashions, the Lalbhai Group's fastest-growing retail arm that was carved out in recent restructuring.</p>
01-Feb-2021 Arvind Fashions planning to raise funds through various modes <p align="justify">Arvind Fashions is planning to raise funds through Rights Issue, preferential issue or other permissible mode as the Board of Directors may determine to be in the best interest of the Company, subject to requisite approvals from the statutory, regulatory and other authorities. The meeting of the Board of Directors of the Company scheduled to be held on February 3, 2021 to consider the same. <p align="justify">Arvind Fashions, the Lalbhai Group's fastest-growing retail arm that was carved out in recent restructuring.</p>
30-Sep-2020 Arvind Fashions' arm, Gap Inc terminates franchise business relationship in India <P align=justify>Arvind Fashions' wholly owned subsidiary -- Arvind Lifestyle Brands and Gap Inc., have decided to mutually terminate their franchise business relationship in India. Due to circumstances post the corona pandemic, both Companies agreed that a mutual termination was in both Companies best interest. As next steps, both companies will work out modalities regarding transition of the Gap business. Arvind Lifestyle Brands has appointed an Investment Bank to find a buyer for the Gap business.<P align=justify>Arvind Fashions is India's leading casual and denim player, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across sub-categories and price points.