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Arvind Ltd.

BSE: 500101 Sector: Industrials
NSE: ARVIND ISIN Code: INE034A01011
BSE 00:00 | 25 Jan 128.30 0.75
(0.59%)
OPEN

126.00

HIGH

130.50

LOW

120.35

NSE 00:00 | 25 Jan 128.70 1.15
(0.90%)
OPEN

127.10

HIGH

130.65

LOW

120.55

OPEN 126.00
PREVIOUS CLOSE 127.55
VOLUME 421329
52-Week high 157.80
52-Week low 48.50
P/E 14.82
Mkt Cap.(Rs cr) 3,343
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 126.00
CLOSE 127.55
VOLUME 421329
52-Week high 157.80
52-Week low 48.50
P/E 14.82
Mkt Cap.(Rs cr) 3,343
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Arvind Ltd. (ARVIND) - Chairman Speech

Company chairman speech

Dear Shareholders*

It has been over eighteen months since we all woke-up to a pandemic which rapidlyspread to the remotest corners of the planet and created impact of historic proportions.Human suffering from loss of lives and livelihoods has been quite sobering to mention theleast. Despite the gloom mankind has displayed remarkable resilience and I am sure wewill come out of this very soon.

At the outset I applaud all my colleagues at Arvind who have kept up the workplacemorale and rhythm during these trying times. Many of out staff associates and then lovedones unfortunately got impacted especially during the contagious and lethal second wavein India I condole the loss of lives and my heart goes out to the families who have tolive with the void. While this grief can't be made up for easily we have taken severalmeasures to help our colleagues cope up and alleviate the pain and suffering

I continue to have great faith in human ingenuity and tenacity if the spread of thevirus left the humanity gasping for breath successful development and aunch of multiplehighly effective vaccines within less than 12-month period is an equally remarkable feat.Progress of modern medical science has once again proven to be no less than a miracle. TheGovernments around the world including in India have resoonded to the challenge througha combination of public restrictions* isolation and vaccmation. I am confident thattogether we wi' come out of this crisis.

For Arvind. disruption is a way of life and part of our DNA. As you are aware we havebeen in the forefront of imagining and applying new ideas over several years. During theyear gone by as well many of our businesses continued to innovate along new products andprocesses that deliver superior customer value while reducing environmental footprint

As expected FY2021 was a challenging year for our core textiles and apparelbusinesses. There was a sharp reduction in demand across an markets especially in theearly part of the financial year. As the countries learned to live and cope with Covidmany of the export markets started to resume. By second quarter several of our exportcustomers had started placing the orders partly driven by their online demand. Domesticmarkeis started seeing traction around Diwali. Overall the momentum picked up well in H2.and we wrapped up the year with a strong fourth quarter. I am very happy to note that ourAdvanced Materials business performed well through tne year despite many pandemic-relateddisruptions and delivered stellar results.

During the early pan of the year the leadership had to make difficult but necessarydecisions. These were crucial in reducing fixed costs especially at a time when demandrecovery for the company's products was still quite uncertain. As a result I am pleased toreport that your company has emerged as much leaner and future ready. We generatedhealthier margins in the second half of the year which in turn helped repay the debts andreduce our net borrowings significantly. Business leaders in your company also did anoutstanding job of reducing the working capital employed improving cost-efficiency andmaintaining a tighl vigil on resource allocation for all expenditures.

During the year we made great strides in strengthening our digital front-end and thisenables us to serve our global customers much more swiftly. Our sampling process has movedonline and sets us up for a much speedier response to the market. Our customerpartnerships progressed well and we are integral part of marquee customer programs thatare driving the next generation of products. We are investing in block-chain basedsolutions to improve traceability of inputs. There is also a major drive to automateseveral processes through digital interventions allowing us to be faster be moreresponsive and produce higher quality output in the future.

I believe that US and our other export markets are poised to deliver strong growth incoming quarters. Domestic markets will also come back as the second wave of pandemicrecedes and festival season comes closer. This year is likely to see growth in demand forus as retail and distribution pipelines are running iow on inventory. However we are notyet free from the uncertainties resulting from the oandemic and we will continue to keep aclose watch on both the opportunities and potential risks and take a balanced approachforward. This risk managed approach will guide our day-to-day decisions as well as thoserelated to capital allocation Your company has traditionally invested significantly inenvironmental sustainability. A big part our innovation agenda has been focused onreducing environmental footprint of our key processes and making products that appeal tothe millennial sensibilities and consciousness We have invested in technologies thatcut-down water consumption by over 50% in many processes. We have reduced specific energyconsumption by 25% as a result of implementing India's largest rooftop solar farm. Duringthe year we set-up a fibre-recycling facility that will help us up-cycle 1500T of wastefabric each year and provide upto 5% of cotton needs for our Denim business. Ourcomprehensive ESG efforts and credentials position us well as preferred partners toconscious global brands.

In summary while I don’t see the challenges facing your company and the world atlarge completely fade away in next few days I would like to assure you that we are wellpoised to take advantage of the opportunities that will unfold. We also have our feetfirmly planted to sense any unforeseen changes in the situation and make prudentdecisions. I take this opportunity to thank you for your continuing faith in our abilityto deliver value for all stakeholders.

With warm regards.

Sanjay Lalbhal

.