Arihant Superstructures Limited subsidiary Dwellcons Private Limited entered into a hotel operating agreement with ITC Hotels Limited on September 24, 2026. The deal involves developing a luxury hotel under the 'Mementos by ITC Hotels' brand at the World Villas project in Chowk, Mumbai 3.0.

The partnership aims to anchor the company's expansive World Villas development, positioning Arihant Superstructures in the emerging tourism and hospitality sector of the Mumbai 3.0 corridor. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project scale and specifications

The World Villas development is a master-planned ecosystem in the Chowk region. The hospitality component occupies 10 acres within the larger 90-acre project area. The proposed hotel will feature 227 rooms, including 44 suites, and is described as having the largest banqueting facility in the city.

Financial projections

The company stated that the hospitality venture establishes a model for long-term annuity income. Once operational, the property is projected to reach functional maturity within its first two years. At that level, the hotel is expected to generate an estimated annual revenue of ₹150 to ₹200 crore with an operating margin of 45%.

Strategic context

Arihant Superstructures currently develops 19 projects encompassing 21 million square feet across the Mumbai Metropolitan Region and Jodhpur. The company has already developed 12.7 million square feet comprising 14,200 units. This new venture marks an expansion beyond residential housing into hospitality and sports infrastructure.

Arihant Superstructures shareholders approved the appointment of M/s. K J K & Associates, Chartered Accountants, as the company's statutory auditors for a five-year term commencing FY27.

The approval was granted during the 43rd Annual General Meeting held on September 24, 2026. The new auditors will hold office until the conclusion of the AGM for the financial year 2030-31.

Audit Term and Remuneration

The appointment covers five consecutive years, starting from the conclusion of the current AGM. The remuneration for the audit services will be mutually agreed upon between the Board of Directors and the Statutory Auditors. This amount will include applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with the audit.

Regulatory Disclosure

The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm registration number for M/s. K J K & Associates is 112159W. Brief profiles and requisite details of the auditors were part of the notice for the 43rd AGM and the annual report filed with stock exchanges.