Arvind SmartSpaces Limited announced the retirement of Vijay Taneja, Head of Information Technology, effective September 30, 2026. Kishor Vegada has been designated as the new Head of IT, reporting to Chief Financial Officer Amit Chamaria.

Leadership transition details

The company filed an intimation with BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Taneja, who served as Senior Management Personnel (SMP), ceases to hold this designation upon retirement. The change is procedural and follows standard corporate governance disclosures for SMP departures.

Kishor Vegada, previously serving as Chief General Manager - IT, assumes the role of Head of IT. This internal promotion ensures continuity in the technology leadership structure. The reporting line to the CFO indicates a strategic alignment of IT functions with financial oversight during this transition period.

Regulatory compliance and disclosures

The filing includes Annexure A detailing the reasons for the change and cessation dates. The disclosure adheres to SEBI Master Circular guidelines regarding senior management personnel changes. No other material changes to the board or key managerial personnel were reported alongside this announcement.

Arvind SmartSpaces Limited announced the acquisition of a new residential high-rise project on Sarjapur Road, Bengaluru. The project has a top-line potential of ₹470 crore and is spread across 2.5 acres with a saleable area of 3.6 lakh sq. ft.

This development is an extension of the company's existing project, Arvind Sylva, located in the same neighbourhood. The acquisition was made on a joint development basis and marks the company's 11th high-rise project in Bengaluru.

Project specifications and market positioning

The new high-rise development expands the company's footprint in the city's key residential corridors. Sarjapur Road is noted for its proximity to the Outer Ring Road IT hub, a new campus of a major IT firm, and a proposed metro station. The location also offers access to leading hospitals and educational institutions.

This addition complements the existing inventory absorption of approximately 60% by value recorded at Arvind Sylva – The Green Reserve. Arvind Sylva itself is spread across 4.7 acres and comprises around 375 premium residences, featuring more than 70% open spaces and over 40 curated lifestyle facilities.

Priyansh Kapoor, Managing Director & CEO of Arvind SmartSpaces, stated that the strong response to recent launches in the same location reflects the trust in the 'Arvind' brand among homebuyers and landowners. He noted that Bengaluru remains a key growth market for the company.

What the Numbers Show

The combined data highlights a robust pipeline in Bengaluru. With ₹500 crore in bookings already secured against a total topline potential of ₹860 crore for Arvind Sylva, the project has achieved roughly 58% of its projected gross sales value in just one month. The addition of this new project with ₹470 crore revenue potential further strengthens the company's near-term sales visibility in the premium housing segment.

According to management, the cumulative new business development top-line potential for FY27 now stands at approximately ₹3,100 crore. The company remains on track with its growth plans across Gujarat, Bengaluru, and MMR.

About Arvind SmartSpaces

Established in 2008 as part of the Lalbhai Group, Arvind SmartSpaces is headquartered in Ahmedabad. The company has developed approximately 100.5 million square feet of real estate across India, including projects in Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune. It entered the Bengaluru market in 2013 and has added 16 projects across the city, with eight delivered and eight in various stages of development.