Arvind Fashions Limited’s Board of Directors has approved the formulation, adoption, and implementation of the ‘Arvind Fashions Limited Performance-linked Stock Units Scheme – 2026’ (AFL PSU Scheme – 2026). This scheme aims to incentivize employees and key management personnel. The aggregate number of stock options proposed to be granted under the scheme will not exceed 5,50,000 equity shares, subject to shareholder approval.
Arvind Fashions Board Approves New Employee Stock Scheme
The Board of Directors at Arvind Fashions Limited convened on November 02, 2026, to consider and approve a new employee incentive program. Following a recommendation from the Nomination and Remuneration Committee, the Board has given its nod to the formulation, adoption, and implementation of the ‘Arvind Fashions Limited Performance-linked Stock Units Scheme – 2026’, referred to as the ‘AFL PSU Scheme – 2026’ or ‘the Scheme 2026’.
Scheme Details and Share Cap
This performance-linked stock unit scheme is designed in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. A key detail of the approved scheme is the aggregate number of stock options that can be granted. These options will not be exercisable into more than 5,50,000 equity shares of the company.
Shareholder Approval Required
The formulation, adoption, and subsequent implementation of the ‘AFL PSU Scheme – 2026’ are contingent upon obtaining the necessary approval from the company’s shareholders. Further details of this disclosure will be made available on the company’s official website.
Board Meeting Conduct
The Board of Directors’ meeting commenced at 4:15 P.M. and concluded at 05:00 P.M. on the same day.
Source: BSE
