Arvind SmartSpaces Limited has published a newspaper advertisement in the Financial Express regarding its Postal Ballot Notice and Remote e-Voting process. The company is seeking shareholder approval for related party transactions and loans amounting to up to ₹1,174 crore to support project development and funding requirements within its group entities. The resolutions encompass providing loans, guarantees, and investments under Section 186 of the Companies Act, 2013, alongside specific material transactions with its subsidiaries Kalyangadh Homes LLP, Arvind Skyline Private Limited, and Oxford Navrang Realtors Private Limited.

The postal ballot notice outlines four key resolutions for shareholder consideration. The first resolution seeks approval to provide loans, guarantees, and investments. Subsequent resolutions target material related party transactions between the company and its subsidiaries. The total value of the proposed transactions with Kalyangadh Homes LLP is up to ₹309 crore, while transactions with Arvind Skyline Private Limited are capped at ₹520 crore. The proposed dealings with Oxford Navrang Realtors Private Limited amount to ₹345 crore. The tenure for these transactions extends until March 31, 2027.

Transaction Details and Financials

The proposed transactions include fund-based and non-fund-based support, such as equity, debt, and inter-corporate deposits, as well as the sale and purchase of goods and services. The company noted that funds would be utilized for the development of projects and to meet shortfall funding requirements of the subsidiaries. The borrowing cost for the company may go up to 12%, while it proposes to charge interest of up to 15% to the related parties.

E-Voting Schedule

The company has established a calendar of events for the postal ballot process. The cut-off date for determining voting rights is June 30, 2026. Remote e-voting will begin on July 4, 2026, at 09:00 a.m. and conclude on August 2, 2026, at 05:00 p.m. Mr. Hitesh Buch, Practicing Company Secretary (CP No. 8195), has been appointed as the Scrutinizer. The results of the voting will be declared on or before August 4, 2026.

Shareholders holding shares in demat mode with NSDL or CDSL can vote using their respective login methods. Those holding physical shares can use their folio number. The Audit Committee and the Board of Directors have reviewed the proposals and recommended them for approval, stating they are in compliance with applicable provisions of the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Arvind SmartSpaces Ltd has strengthened its senior management with the appointment of Bhasker Jain as Chief Business Officer – MMR and Tarpit Patni as Head – Legal effective July 1, 2026. The changes follow the resignation of Jai Kumar Ajbani as Head – Legal on June 30, 2026, due to personal reasons. These appointments are aimed at bolstering the company's business development and legal compliance capabilities.

Bhasker Jain brings over 17 years of experience in the real estate sector, specializing in P&L management, business development, and sales & marketing. He previously served as VP and Partner – MMR at Neoliv Real Estate and held key positions at The Wadhwa Group and Godrej Properties. He holds a Post Graduate Programme in Management from the Indian School of Business and a B. Com from Jai Hind College, Mumbai.

Tarpit Patni, a seasoned legal leader with over 13 years of experience, joins from Godrej Properties Ltd, where he served as Head Legal – Mumbai Zone. His expertise includes real estate transactional work, compliance, and litigation strategy. He holds a B.A LL.B from Nirma University and a Master’s degree in Law.

The appointments and resignation were disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed the detailed profiles of the new appointees and the resignation letter of the outgoing official as part of the regulatory filing.

Senior Management Changes