Aarvee Denims and Exports Limited at its board meeting held on May 24, 2018, approved the appointment of MS. Shobha Bharti as a Company Secretary of the Company. The board also approved appointment of Yashree K. Dixit as an Independent Woman Director.

The company reported audited standalone earnings results for the fourth quarter and year and consolidated earnings results for the year ended March 31, 2018. For the quarter, on standalone basis, the company reported total revenue of INR 2,265.491 million compared to INR 2,676.173 million a year ago. Profit before tax was INR 16.197 million compared to loss before tax of INR 19.910 million a year ago. Profit for the period after tax was INR 8.191 million compared to loss for the period after tax of INR 11.602 million a year ago. Net profit attributable to owners of the company was INR 8.191 million or INR 0.35 per basic and diluted share compared to net loss attributable to owners of the company of INR 11.602 million or INR 0.49 per basic and diluted share a year ago.

For the year, on standalone basis, the company reported total revenue of INR 8,295.972 million compared to INR 8,461.424 million a year ago. Profit before tax was INR 63.748 million compared to INR 27.048 million a year ago. Profit for the period after tax was INR 56.085 million compared to INR 17.605 million a year ago. Net profit attributable to owners of the company was INR 56.085 million or INR 2.39 per basic and diluted share compared to of INR 17.605 million or INR 0.75 per basic and diluted share a year ago.

For the year, on consolidated basis, the company reported total revenue of INR 8,295.972 million. Profit before tax was INR 63.748 million. Profit for the period after tax was INR 56.085 million. Net profit attributable to owners of the company was INR 56.085 million or INR 2.39 per basic and diluted share.