Arvind Limited’s Board of Directors has addressed the penalties levied by the BSE and NSE for non-compliance. The fines, totaling ₹4,07,100 each, were related to a regulation breach in Q2 2025. The Board has remitted the fines and clarified the context around the delayed appointment of an Independent Director, emphasizing there was no malicious intent.
Response to Non-Compliance Notice
Arvind Limited has addressed notices from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) regarding non-compliance with certain regulations in Q2 2025. The company received these notices on November 29, 2025. The issue pertains to Regulation 17(1) related to board composition, specifically the appointment of an Independent Director.
Financial Penalties Paid
The company faced penalties of ₹4,07,100 each from both the BSE and NSE. These penalties were paid by December 4, 2025.
Explanation for Delay
The delay in appointing an Independent Director stemmed from the time required to identify a suitable candidate. Mr. Gokul Murgesh Jayakrishna was eventually appointed as an Independent Director, effective from September 8, 2025, restoring compliance with the regulations. The board emphasized that there was no malicious intent on the part of the Company or its Directors.
Source: BSE
