‘Arvind Limited LaLsHar crour Naroda Road, Ahmedabad 380 0%5,Inda ‘T1917922208000 Wwwwarviedcom ACVIOND ‘AUDITED FINANCIAL RESULTS FOR THE VEAR ENDED 51ST MARCH, 2010. (Rain coe] wwarter Ended ‘Accounting | Previous fe pares ceca | eres siosio | auoro» | stone | “Stosos fsted [Auge | santeg | aaa 1 [BR Siena Tam Opera See “aner] ees} a [oot Ope Income i] 750] “ase| Paeo fe) Tow cas) srs7a| e137] asieeo| 2308.30 2 |espenstwre fo) trceosoerease instock n wade an workin progres sis] es] rave] aay [s) Cont of Row Mates Acrssoes aie] zones ote | Ges {0 uh of adel Coots, toa | “woat| “ara | gaz90 [Employees cost ea ean] acoso] decen fe) poner ue Siai| Seer] dosee| bose (0) sores Carsumoson irzo|aewr| onss| seo s) oepecston bras} 3seo|issgo| anos [o) ctor expenses roo] asreo] ose | lass (rout soena| Guide] atc] athe 2 |S2f8om operations before otner Income, Interest & Exceptions! ems (3) 30.20] 30.02| 195.64) 143.10 «Jone? reome zee} tron] “tres| “sear 5 [Prete before intrest Exceptions Items (244) szos] So01| over] 8820 5 |tmeresta aver Conte xecs| itia| issav| Boose 5 [boty tae} shar interne bt batore Exeptona toma (S-6)| 1838 S200] casa) 2 [hares or pros acento 00 coo] ase Exeploal ee do] San} 900) ans) » foent (Loss) tom Ordinary Actives before tax (748) 1539] aso] saan] caeca) toftoc eee courene Tax an] oa) er 0m “Fange Bene Tax oo) ‘Gse] Sao) ee fa Gee Eeiemert G25] as] em] a0 11|uet Prone / Las) from Orlnary Aces afer tax (9-10) $s3] oan] S200] caren 12]oere ranary nee o00| oe] “o00) “oo {5]net ont / Loss) forte period (1412) 1539] aos] sa00] aren te [poop Eauty Share Copal (Foc luc Ro 07 pe share) aise] Giese] aise | tose {S]reneves‘srcodngrerdcovor rseves' es ger Bones Shet o onourasarans yor 109970] 91595 solearnngs ver rare (ES) Rs-(t Annie) ose oss] as} 22a Basted ce] (oso) dod Gan] 17 fpwte shoreline Wee Shares aaoeress | aszass | azn67ess | rasszes9 1 PSone Sareeng Grae east erat owes taproot & promoter aroup Shareholding seed Pence ee Sra cos] azanzoao| asssaso] «748700 Petoage a Share (as 2% fhe otal sarehling of senor pana’ soc) saz] cian] sazan] ota Prertage 0 Sore (ss % of the ttl share capt of he company’ zon] ares] 20.24] 21.605 by mor eneunbersa "rater ot Sores casseisz] rse2sosa] saree} 2se2sea “Petetioge a Shores (05 26 of he ttl sharehokingo pronetere roma 908 ee ee Prec a Shree ofthe ttl share cpt te company! ws) ew! se) pow Anmedabad May 29, 2010 For Arvind Limited oe Sanjay 5. Lalbhat Chairman & Managing Director‘Arvind Limited Lavanar caoue Naroda Road, ahmedabad 380 025, nda ‘T9179 2208000 Wwuwanved.com ALVIND Notes 1 The above results were reviewed by the Audit Commitee and taken on record by the Board of Directors at thelr meeting hhela'on 25th May, 2010. 2. During the year, the Company has made preferential allotment of 3,32,00,000 warrants to Promoters /Promater Group at {anissve price of Rs. 15/- which are convertibie ite 3,32,00,000 equity shares of Rs. 10/- each at a premium of RS. 5/= ‘any time after the date of allotment but on or before the expiry of 18 months from the date af allotment in ane oF ‘more tranches, out of which 1,30,00,000 warrants were converted into equity shares during the Year. '3 The Company has, based on a valuation made bythe approved Valuer revalued the entire fed asset black of the Company as at Apri 1, 2009. The net increase amounting to RS. 56.15 Crore has been credited £9 Revaluation Reserve. Had the revaluation not done, the deprecation would have been higher By Rs. 1-72 Crore and the profi for the year ‘would have been lower to tat extent 4 Other Operating Income for the quarter & year ended includes gain on Derivatives of Rs.12.13 Crores & RS.12.10 crores respectively, (quarter & year ended March 31, 09 loss of Rs. 5.03 Crores & Rs. 22.95 Crores respectively) 5. Inerest and Finance Cost forthe quarter & year ened is net of gain on Foreign Exchange of RS-19.06 Crores & RS.22.31 ‘lores respectively, (quarter & year ended March 31, 09 gain of Rs, 4.91 Crores & loss of Rs.63.26 Crores respectively) 15 Otner Income forthe quarter & year ended includes profit on sale of fixed ascets of Rs. 2.32 Crores & Rs. 9:49 Crores respectively, (quarter & year ended March 31, 09 RS. 2.27 Crores & loss of Rs. 20.32 Crores respectively) 7 Consequent to exercise of the option, in terms ofthe Notation No. G-S.R. 225(€) dated March 31, 2009 Issued by the Ministry of Corporate Afar, exchange rate gain on loans related to cepreciable assets for the quarer & year ended Rs. 0.88 Crore & Rs. 5.35 Crore respecuwely (quarter & year ended March 31,09 loss of Rs. 11.48 Crores & Rs. 16.79 Crores respectively) has been adjusted to the carrying amount of Fixed Assets and exchange rate gain on ether loans, Yor the (quarter & year ended Rs. 2.78 Crores & Rs. 6.72 Crores respectively, (quarter & year ended March 31, 09 oss of RS. 5.17 Crores & RS. 11.71 Crores respectively) has been adjusted to Foreign Currency Monetary Item Translation Difference Becout. {8 Exceptional item for the previous quorter/periods represents amortization of expenses incurred on Voluntary Retirement Scheme in accordance with Accounting Standard AS 15 "Employee Benefits” (Revised 2005) and gratulty & leave fencashment pal to workers retred under the sald scheme. 9. Pursuant to the scheme of arrangement u/s 391 to 394 read with other provisions of the Companies Ac, 1956 approved by the shareholders and sanctioned by the High Court of Gujarat, the Company has demerged and transterred ts two dvsions namely, Brand Business Division (BBD) and Reta Business Division (RBD) into ts wholly owned subsiiary fompanies with effect from Apr 1, 2009. The assets and lables of both the divisions has been transferred at book ‘value. In consideration of BBD dernerger, the Company has been alltted 2,00,00,000 equity shares of Rs. 10/- each at premium of Rs. 60/~ por share and in consideration of RBD demerger, the Company has been allotted 2,00,00,000 equity Shares of Rs. 10/- each ata premium of Rs. 20/- per share. 120 Pursuant tothe scheme of arrangement u/s 391 to 394 read with ather provisions of the Companies Act, 1956 approved by the shareholders and sanctioned by the High Court of Gujarat end Bomboy, the Company has demerged and ‘wansfrred its Public Mobile Radio Trcsking Service (PMRTS) division into another company with elect from Apel, 2007, The assets an liebilties of» the division. has been transferred at book value. In consideration of PMRTS demerger, the Company has receives RS. 6 Crores from the anther company’ Pursuant tothe scheme of restructuring u/s 78, 100 to 103 of the Companies Act, 1956 approved by the shareholders ‘and sanctioned by the Hige Court of Gujarat, the Company has ullised Secures Promium to the extent of Rs, 37-48 Croces (Out of permitted Rs. 60 Crores) by adjusting the unamortized balance of deferred retrenchment expenditure as fn March 31, 2009 and adations thereto during the current year, other claims, clsputed tax credits, project expenses fc. Had the Company has not used the Securities Premium, the Profit for the quarter and the year would be lower to ‘that extent 412 In terms of the provisions of the Accounting Standard - 22 "Accounting for Taxes on Income", there is a net deferred tax asset on account of accumulated business losses and unabsorbed depreciation. In compliance with the provisions of Accounting Standard and based on General Prudence, the Company has aot recognized the deterred fax asset 12 Atthe beginning of the quarter, no complaints from investors were pending. During the quarter, 5 complaints were Feceived and all were disposed of. No complaint was lying unresolved atthe end ofthe quarter 14 Figures of the previous querter/year have been regroupea wherever necessary. However, figures of previous ‘Quarter periods are not strictly comparable wth those of the current quorter/period due the effect of demerger of BED, BD and PMRTS Divisions. For Arvind Limited en Anmedabad Sanjay S. Lalbhal May 29, 2010 Chairman & Managing DirectorArvind Limited Lavenat anour Narada Road, Ahmedabad3800%5 nia ‘Teo17922208000 Wwwwarvindcom ‘STATEMENT OF ASSETS & LIABILITIES. ALVIND Rs, in Crores As At ASAT Particulars 31.03.2010 | 31.03.2009. (Audited) (Audited) |Shareholders' Funds : (a) Share Capital 239.55 260.10 (b) Reserves and Surplus 1180.45 940.47 Loan Funds 1870.58 2023.94 Deferred Tax Liability 12.82 12.82 3303.40 3237.33 Fixed Assets 1964.97 2123.87 ‘Investments 300.29 100.06 Foreign Currency Monetary Item ‘Translation Difference Account (1.06) 6.77 Current Assets, Loans & Advances : (a) Inventories 432.00 581.47 (b) Sundry Debtors 424.16 350.84 (c) Cash and Bank Balances 43.14 26.83 (d) Other Current Assets 95.90 54.90 (e) Loans and Advances 484.80 578.47 Less:Current 5 and Provi (a) Liabilities 433.42 463.29 (b) Provisions 7.38 132.66 Miscellaneous Expenditure 0.00 10.07 (To the extent not written off) 3303.40 3237.33, ‘Ahmedabad May 29, 2010 For Arvind Limited epee Sanjay S. Lalbhai Chairman & Managing Director