ARVIND LTD. - Board recommends Dividend

Arvind Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2016, inter alia, has <BR>transacted the following :<BR><BR>1. The Board of Directors has recommended a dividend @ 24% i.e. Rs. 2.40 per equity share of Rs.10 each of the Company for the year ended on March 31, 2016 subject to approval of the shareholders in the next Annual General Meeting.<BR><BR>2. The Board of Directors has approved issue of Non-Convertible Debentures (NCDs) upto Rs.500 crores on Private Placement Basis to meet with general corporate purposes including capital expenditure, augmenting long term working capital and refinance of existing loans.<BR><BR>The meeting of the Board of Directors of the Company commenced at 12.00 noon and concluded at 1.45 p.m.