Arvind Limited has submitted its quarterly statement on the utilization of funds raised through a Qualified Institutions Placement (QIP). For the quarter ending September 30, 2026, the company reported that there was no deviation or variation in the use of the ₹500 crore raised. The statement, reviewed by the Audit Committee, confirms adherence to the original objects for which the funds were secured.
Statement of Funds Utilization
Arvind Limited has formally communicated its adherence to the planned utilization of funds. In a statement filed for the quarter ended September 30, 2026, the company reported no deviations in how the funds raised through its Qualified Institutions Placement (QIP) are being used.
QIP Details and Adherence
The Qualified Institutions Placement (QIP) which raised ₹500 crore, saw its fund utilization reviewed by the Audit Committee on October 28, 2026. The company explicitly stated that there was no deviation or variation in the use of these funds compared to the original objects for which they were raised. This confirmation aligns with the company’s commitment to transparency and regulatory compliance.
The statement also confirmed that the funds raised on August 5, 2026, are being managed as per the disclosures made during the placement. The monitoring agency, CARE Ratings Limited, found no discrepancies. This ensures that the capital infusion is directly contributing to the company’s strategic objectives without any misallocation.
Public Disclosure
The statement of deviation or variation in the utilization of funds is now available on the company’s official website, www.arvind.com, in addition to being filed with the stock exchanges. This proactive disclosure reinforces investor confidence in Arvind Limited’s financial management and strategic execution.
Source: BSE
