Arvind SmartSpaces CBO resigns effective May 31, 2026

Arvind SmartSpaces Limited announced that Mr. Manoj Chellani has resigned from his position as Chief Business Officer, South. The resignation is effective from May 31, 2026, following the close of business hours. The executive decided to step down to pursue a better career opportunity outside the group.

The intimation was submitted to BSE Limited and the National Stock Exchange of India Ltd. pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made by Prakash Makwana, Company Secretary of arvind smartspaces .

Details of Resignation

The company provided specific details regarding the change in senior management personnel as required under the LODR Regulations.

Particulars	Details
Name	Mr. Manoj Chellani
Designation	Chief Business Officer, South
Reason for Resignation	To pursue better career opportunity outside the Group
Effective Date	May 31, 2026 (after close of business hours)

The resignation letter, dated May 28, 2026, was addressed to the MD & CEO of Arvind SmartSpaces Limited. In the letter, Mr. Chellani expressed gratitude to the company management, the Board, and all employees for the cooperation extended during his tenure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.92%	-2.50%	-7.98%	-4.20%	-14.68%	+423.73%

Arvind SmartSpaces Limited achieved its highest annual booking value of INR1,550 crores in FY26, representing a 22% year-on-year growth, driven by sustained demand across its portfolio and excellent traction in newly launched projects. New launches contributed nearly 60% of annual bookings, amounting to approximately INR930 crores. The company’s net operating cash flows stood at INR417 crores during the year, reinforcing the resilience of its business model. The Board of Directors has recommended a final dividend of INR2.25 per equity share of face value INR10 each.

Operational Performance

Bengaluru emerged as a key growth engine, contributing INR485 crores and accounting for 31% of annual bookings. The company launched Arvind Skycrest in Bannerghatta and Arvind Greenfields in Vadodara during Q4 FY26. The Bannerghatta project achieved bookings of 164 units amounting to INR262 crores within a week, while the Vadodara project recorded bookings of 323 units amounting to INR178 crores. On the business development front, the company added projects with an estimated cumulative top line potential of INR3,140 crores. Subsequent to the year-end, it signed its largest high-rise project in Mumbai with an estimated potential of approximately INR2,400 crores.

Financial Highlights

For FY26, the company reported revenues of INR564 crores compared to INR713 crores in the previous year. Adjusted EBITDA stood at INR156 crores against INR196 crores, while profit after tax (PAT) was INR103 crores versus INR119 crores in FY25. The decline in annual revenue was attributed to the timing of revenue recognition for certain projects. Q4 FY26 performance was strong, with revenue at INR155 crores. Adjusted EBITDA grew 26% year-on-year to INR56.4 crores, and PAT surged 103% to INR44 crores from INR21.8 crores in the corresponding quarter last year.

Metric	FY26	FY25
Revenue (INR crores)	564	713
Adjusted EBITDA (INR crores)	156	196
PAT (INR crores)	103	119
Net Operating Cash Flow (INR crores)	417	-

Outlook and Guidance

Looking ahead, the company estimates unrealized operating cash flows exceeding INR4,970 crores to be realized over the next 4 to 5 years. For FY27, the management has guided for business development of INR4,000 crores to INR5,000 crores. The company expects to launch six projects during the year, with inventory rollout estimated between INR3,000 crores and INR3,500 crores. It aims to maintain a net debt-to-equity ratio below 1:1 and targets EBITDA margins of 22% to 25% for new sales.