Arvind Fashions has informed that pursuant to the Regulation 30 and other applicable regulations of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company enclosed the Postal Ballot Notice along with Explanatory Statement and Postal Ballot Form for seeking approval of Members of the Company for ‘sale/transfer of wholesale trading business in ‘’Flying Machine’ brand, as a going concern, on a slump sale basis to Arvind Youth Brands, a wholly owned subsidiary of the Company’. The Notice is being sent to all the Members, whose names appear in the Register of Members/ list of Beneficial Owners as received from National Securities Depository and Central Depository Services (India) as on Friday, 21st February, 2020 (Cut-off Date). The voting period will commence from Wednesday, 26th February, 2020, at 9.00 am and end on Thursday, 26th March, 2020, at 5.00 pm. The Company enclosed the Postal Ballot Notice along with the Postal Ballot Form for reference.
The above information is a part of company’s filings submitted to BSE.
