Arihant Foundations & Housing Limited has scheduled its 33rd Annual General Meeting for September 30, 2026. The event will be conducted through video conferencing or other audio-visual means in compliance with SEBI circulars and the Companies Act, 2013.

Meeting Details

The company dispatched electronic copies of the AGM notice and the Annual Report for FY25-26 to shareholders on September 8, 2026. Shareholders holding shares in physical form are requested to register their email addresses and mobile numbers with the registrar, Cameo Corporate Services Limited.

E-Voting Process

Remote e-voting will commence on September 26, 2026, at 9:00 am and conclude on September 29, 2026, at 5:00 pm. The cutoff date for determining voting eligibility is September 23, 2026. Members who cast their votes remotely may attend the meeting but cannot vote again. V Suresh Associates has been appointed as the scrutinizer for the voting process.

Arihant Foundations & Housing reported a 151% year-on-year jump in standalone revenue from operations for the fiscal year ended March 2026. The Chennai-based real estate developer posted a standalone net profit of ₹307.2 crore, up 21% from the previous year.

The company's 33rd Annual General Meeting is scheduled for September 30, 2026, to approve the financial statements and adopt key corporate governance resolutions. Shareholders will also vote on the appointment of Mr. Chirag Satish Shah as an independent director and authorize borrowing limits of up to ₹6,000 crore.

Financial Performance

Standalone revenue from operations rose to ₹3,067.1 crore in FY26, compared to ₹1,222.6 crore in FY25. This growth was underpinned by a significant increase in pre-sales value, which reached ₹513.7 crore, up 28% from ₹400.8 crore. Total area sold expanded by 72% to 569,261 square feet.

Collections improved by nearly 49% to ₹359.6 crore, reflecting better receivables management alongside sales growth. On a consolidated basis, revenue increased by 104% to ₹4,203.2 crore, while consolidated net profit rose 38% to ₹589.7 crore.

Other income declined by 24% to ₹121.1 crore due to lower interest income. However, profit before tax still grew 25% to ₹434.4 crore. The board decided not to recommend a dividend for the year, citing the need to conserve resources for future growth initiatives and debt repayment.

Corporate Actions

The AGM notice outlines several special resolutions for shareholder approval. The board seeks an omnibus approval to advance loans or provide guarantees to entities in which directors are interested, subject to an aggregate ceiling of ₹4,200 crore. Additionally, members will be asked to increase the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013, allowing total outstanding borrowings to reach ₹6,000 crore.

Mr. Kamal Lunawath, Managing Director, retires by rotation and seeks reappointment. Mr. Chirag Satish Shah has been appointed as an additional director and seeks confirmation as an independent non-executive director for a five-year term.

What the Numbers Show

The divergence between the 151% revenue growth and the 21% net profit expansion suggests that while top-line momentum is strong, profitability margins are facing pressure. Other income, which fell 24%, contributed significantly less to the bottom line compared to the prior year, indicating that the profit growth was driven primarily by operational scale rather than financial gains. The decision to retain all profits rather than declare a dividend aligns with the aggressive borrowing limits sought, signaling a capital-intensive phase for project execution.