Arvind SmartSpaces Limited has accepted the resignation of M/s. S R B C & Co LLP as its statutory auditor, effective August 7, 2026. The audit firm tendered its resignation after completing the maximum permissible tenure of 10 consecutive years, having served from financial year 2016-17 through 2025-26. This regulatory-mandated change ensures compliance with Section 139(2) of the Companies Act, 2013 and Rule 6 of the Companies (Audit and Auditors) Rules, 2014, requiring rotation to maintain auditor independence.

The resignation was formally communicated via a letter dated August 7, 2026, signed by Partner Shreyans Ravrani. S R B C & Co LLP stated that its tenure concludes at the ensuing 18th Annual General Meeting (AGM), although it was originally appointed at the 14th AGM held on August 12, 2022, to hold office until the conclusion of the 19th AGM in 2027. The firm confirmed that it has not commenced the audit for the financial year ending March 31, 2027.

Arvind SmartSpaces’ Audit Committee and Board of Directors reviewed and accepted the resignation during meetings held on August 7, 2026. The company disclosed the development pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated July 11, 2023, and last updated on January 30, 2026.

The outgoing auditors confirmed they have completed all pending statutory obligations. They issued their audit report for the financial year ended March 31, 2026, dated May 20, 2026. Additionally, they performed a limited review for the quarter ended June 30, 2026, issuing the corresponding report on August 7, 2026. No concerns or material disagreements were cited in the resignation letter, and no management-imposed limitations were reported.

Key Details of Resignation

Regulatory Compliance and Next Steps

As per statutory requirements, S R B C & Co LLP will file a statement in Form ADT-3 with the Registrar of Companies. Arvind SmartSpaces must now appoint a new statutory auditor to hold office from the conclusion of the upcoming AGM. The company will likely seek shareholder approval for the new appointment at its next general meeting, ensuring continuity in financial oversight without disruption to the ongoing fiscal year audit process.

Arvind Smartspaces has announced plans to add new projects valued between ₹4,000 crore and ₹5,000 crore to its portfolio. Alongside this expansion in project pipeline, the company expects bookings to grow by 35%–40% this year, reflecting a notable acceleration in its business momentum.

Project Pipeline and Booking Targets

The company's planned project additions and booking growth targets are summarised below:

Key Highlights

• Arvind Smartspaces is targeting a substantial expansion in its project portfolio with additions in the range of ₹4,000–5,000 crore.
• The company anticipates booking growth of 35%–40% this year, indicating strong expected demand for its residential and mixed-use developments.