Indian textile manufacturer Arvind Mills has changed its name to Arvind Ltd.

Meanwhile, the company separately said its fourth quarter net profit slumped to INR53.7m (US$1.28m), despite a sales increase from INR6.58bn to INR4.86bn, according to Reuters.

Regarding the name change, the company said a fresh Certificate of Incorporation has been issued by The Registrar of Companies, Gujarat, Ahmedabad. Its board gave it the nod at a meeting held this weekend (10 May).