Arvind Smartspaces Ltd

The said project has top line potential of Rs 400 crore. The project has acquired on an outright basis. The area offers quick access to business hubs like Navratna Business Park and Pinnacle Business Park, as well as popular hotspots such as the IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development. Priyansh Kapoor, CEO and whole time director, Arvind SmartSpaces said: 'Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in West Ahmedabad. Vastrapur is one of Ahmedabad's most promising micro-markets for premium residential apartments, and this acquisition will expand the company's presence in West Ahmedabad. The optimism in the premium residential market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.' Arvind SmartSpaces (ASSL) is the real estate arm of Lalbhai group (flagship company - Arvind). ASSL is primarily focused on the development of residential projects. It also undertakes commercial and industrial projects on a selective basis. The company's consolidated net profit fell 65.2% to Rs 14.18 crore on 47.1% decline in net sales to Rs 140.51 crore in Q2 FY26 over Q2 FY25.Powered by Capital Market - Live

The said project has top line potential of Rs 400 crore. The project is acquired on an outright basis. The area offers quick access to business hubs like Navratna Business Park and Pinnacle Business Park, as well as popular hotspots such as the IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development. Priyansh Kapoor, CEO and whole time director, Arvind SmartSpaces said: 'Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in West Ahmedabad. Vastrapur is one of Ahmedabad's most promising micro-markets for premium residential apartments, and this acquisition will expand the company's presence in West Ahmedabad. The optimism in the premium residential market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.' Arvind SmartSpaces (ASSL) is the real estate arm of Lalbhai group (flagship company - Arvind). ASSL is primarily focused on the development of residential projects. It also undertakes commercial and industrial projects on a selective basis. The company's consolidated net profit fell 65.2% to Rs 14.18 crore on 47.1% decline in net sales to Rs 140.51 crore in Q2 FY26 over Q2 FY25. The counter added 2.90% to end at Rs 592.95 on the BSE.Powered by Capital Market - Live

Net profit of Arvind SmartSpaces declined 65.15% to Rs 14.18 crore in the quarter ended September 2025 as against Rs 40.69 crore during the previous quarter ended September 2024. Sales declined 47.09% to Rs 140.51 crore in the quarter ended September 2025 as against Rs 265.58 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales140.51265.58 -47 OPM %21.0224.84 - PBDT26.7065.12 -59 PBT25.3063.84 -60 NP14.1840.69 -65 Powered by Capital Market - Live

Arvind SmartSpaces announced its entry into the Vadodara residential market with a large-scale horizontal development project. This is a Joint Development project with a top-line potential upwards of Rs. 700 crore. Strategically located in Ajwa road micro market, the project offers a rare opportunity to experience luxury living amidst nature, while staying seamlessly connected to the city. The project will integrate smart design and future ready amenities to redefine urban living in Vadodara. Commenting on this development, Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces said, 'We are delighted to expand into a new city and enter the vibrant and emerging residential market of Vadodara. This marks ASL's 23rd project in Gujarat and aligns with our strategy to expand into high-potential markets and strengthen our presence in the state. The optimism in the real estate market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.' Powered by Capital Market - Live

Arvind SmartSpaces will hold a meeting of the Board of Directors of the Company on 3 November 2025.Powered by Capital Market - Live

Net profit of Arvind SmartSpaces rose 282.88% to Rs 11.18 crore in the quarter ended June 2025 as against Rs 2.92 crore during the previous quarter ended June 2024. Sales rose 36.65% to Rs 101.76 crore in the quarter ended June 2025 as against Rs 74.47 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales101.7674.47 37 OPM %21.1012.33 - PBDT18.168.56 112 PBT16.597.43 123 NP11.182.92 283 Powered by Capital Market - Live

Arvind SmartSpaces will hold a meeting of the Board of Directors of the Company on 28 July 2025.Powered by Capital Market - Live

Arvind SmartSpaces announced the appointment of Priyansh Kapoor as the new Whole-time Director and Chief Executive Officer with effect from 9 August 2025. This strategic move further fortifies the Board and significantly enhances the company's executive leadership capacity.  Kamal Singal, who has led ASL with distinction, will continue to serve as Managing Director and will act as a mentor to the leadership team, guiding them through current challenges and enabling the next wave of growth and excellence.Powered by Capital Market - Live

Arvind SmartSpaces announced that the 17th Annual General Meeting(AGM) of the company will be held on 8 August 2025.Powered by Capital Market - Live

Arvind SmartSpaces announced that the Board of Directors of the Company at its meeting held on 20 May 2025, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live