Arvind Fashions shares fall after MD and CEO Shailesh Chaturvedi quits citing personal reasons

Shares of Arvind Fashions Ltd. declined on Wednesday, October 1, after its managing and director and CEO Shailesh Chaturvedi tendered his resignation on Tuesday.

The same was in effect from the close of business hours on September 30, 2025.

Chaturvedi tendered his resignation from the position of MD, CEO and director of the company as well as a member of the committees of board of directors.

Chaturvedi, in his letter, stated there are no other material reasons for his resignation letter other than what was stated. He cited personal reasons as the reason behind his exit.

Arvind Fashions is yet to inform the exchanges of Chaturvedi's replacement.

On another note, in July, the company told CNBC-TV18 it is targeting 12-15% revenue growth this year, banking on stronger brand positioning and operational improvements to sustain momentum.

Arvind Fashions posted revenue growth of 16% during the June quarter, which was the highest in three years. This was driven by investments in marketing, product differentiation and retail expansion. The margins were steady around 12%.

"Along with growth in topline, we want to continuously improve our bottom-line percentages, and therefore the cash flow growth that we want over the next five years is the main focus area for the company," Kulin Lalbhai, the vice-chairman and non-executive director of the company, told CNBC-TV18.

Shares of Arvind Fashions are trading 1.2% lower on Wednesday at ₹521.8 apiece. The stock has gained 36.3% in the last six months.

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