Arvind SmartSpaces Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, to the Bombay Stock Exchange and National Stock Exchange of India on August 18, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company’s performance across environmental, social, and governance parameters.

Environmental Initiatives

The report highlights several sustainability projects aimed at reducing carbon emissions and conserving resources. Key initiatives included:

• Tree Plantation: Approximately 2,378 trees were planted across projects such as Forests, Uplands, Fruits of Life, Highgrove, Aqua City, and Uplands 2.0. This resulted in an estimated annual CO₂ absorption of around 195.6 metric tons.
• Energy Efficiency: Underdeck insulation installations saved approximately 550,910 kWh of electricity annually, reducing greenhouse gas emissions by about 355.3 metric tons. Solar water heaters contributed further savings of 135,500 kWh and a reduction of 113.5 metric tons in emissions.
• Water Conservation: Rainwater harvesting systems captured approximately 190,000 litres of rainwater annually. Natural water body conservation at Aqua City supports an estimated groundwater recharge potential of 133.36 million litres per year.

The company stated it does not generate hazardous waste and has implemented processes for classifying, segregating, and disposing of plastic, e-waste, and other waste in accordance with State Pollution Control Board norms.

Employee Safety and Welfare

Arvind SmartSpaces reported a workforce comprising permanent employees and workers. The company maintains a group-wide Safety, Health & Environment (SHE) policy and adheres to the Hazard Identification and Risk Assessment (HIRA) framework.

The report notes that two grievances were filed during FY26, both of which were resolved as per applicable processes. No fatalities or high-consequence work-related injuries were recorded among employees. The company also confirmed that 100% of permanent employees are covered by health insurance and accident insurance.

Governance and Compliance

The filing confirms compliance with applicable environmental laws, including the Water (Prevention and Control of Pollution) Act and the Air (Prevention and Control of Pollution) Act. No fines, penalties, or corrective actions from regulatory agencies were reported.

Arvind SmartSpaces maintains an Information Security and Data Privacy Policy, featuring a Cybersecurity Incident Response Plan with components for preparation, detection, response, and recovery. The company reported no data privacy breaches or cyber-security incidents during the year. Additionally, no complaints related to conflict of interest against directors or key managerial personnel were received.

What the Numbers Show

The data indicates a shift toward operationalizing sustainability through measurable outcomes rather than just policy statements. While the absolute volume of water harvested (190,000 litres) is modest compared to the groundwater recharge potential (133.36 million litres), the combination suggests a dual strategy: immediate conservation via harvesting and long-term ecological restoration via natural water body preservation. Furthermore, the zero-pending status on all 2 filed grievances highlights efficient internal resolution mechanisms, aligning with the company’s stated commitment to transparent stakeholder engagement.

Arvind SmartSpaces Limited submitted its Annual Report for the financial year 2025-26 to BSE Limited and the National Stock Exchange of India on August 18, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, dispatched electronically to shareholders, covers the company's operational and financial performance for the year ended March 31, 2026, and includes the notice convening the 18th Annual General Meeting scheduled for Friday, September 11, 2026.

Record Operational Performance

The company achieved its highest-ever annual booking value of Rs. 1,550 crore, reflecting a 22% year-on-year growth, driven by sustained demand across its existing portfolio and strong traction from new project launches. New projects contributed nearly 60% of annual bookings, amounting to approximately Rs. 930 crore. Collections during the year stood at a record Rs. 1,100 crore, up 17% year-on-year, supported by disciplined project execution and timely receivables. Net operating cash flows for the year were Rs. 417 crore, compared to Rs. 351 crore in the previous year.

Key project launches during the year included Arvind Skycrest in Bannerghatta, Bengaluru, which recorded bookings of 164 units worth Rs. 262 crore, representing 53% of inventory within a week of launch; Arvind Greenfields in Ajwa Road, Vadodara, with 323 units worth Rs. 178 crore (42% of launched inventory); and Arvind Everland in Mankol, Ahmedabad, with 1,112 units worth Rs. 461 crore (90% of launched inventory). Sustenance sales contributed over Rs. 600 crore to total bookings.

Financial Highlights for FY26

The following table presents the key financial metrics for the year ended March 31, 2026, on both standalone and consolidated bases.

On a standalone basis, revenue from operations grew to Rs. 23,787.48 lakh from Rs. 12,483.36 lakh in the previous year, with EBITDA margin expanding to 38% from 25%. Net profit attributable to equity holders on a consolidated basis stood at Rs. 9,644.35 lakh. The consolidated net debt-to-equity ratio increased to 0.26 as of March 31, 2026, from (0.04) a year earlier, reflecting debt deployed for new project acquisitions, while remaining well within the company's stated ceiling of 1.0x.

Business Development and Portfolio Expansion

During FY26, the company added projects with an estimated cumulative topline potential of approximately Rs. 3,140 crore across Ahmedabad, Bengaluru, Vadodara, and the Mumbai Metropolitan Region (MMR). Key additions included:

• A premium residential high-rise project in Vastrapur, Ahmedabad, with a topline potential of approximately Rs. 400 crore and saleable area of 3.6 lakh sq. ft.
• A premium residential high-rise project in Nallurahalli, Whitefield, Bengaluru, with a topline potential of approximately Rs. 550 crore and saleable area of approximately 4.6 lakh sq. ft.
• Two premium residential high-rise projects in Bengaluru: one in Sarjapur with a topline potential of approximately Rs. 860 crore and saleable area of approximately 6.8 lakh sq. ft., and one in Nagondanahalli, Whitefield, with a topline potential of approximately Rs. 330 crore and saleable area of approximately 2.5 lakh sq. ft.
• The company's first society redevelopment project in Santacruz, Mumbai, with an estimated topline potential of approximately Rs. 300 crore.
• Entry into Vadodara with a horizontal township project under the joint development model, with an estimated topline potential of approximately Rs. 700 crore.

As of March 31, 2026, the company had completed 9.8 Mn Sq. Ft. of development, with 57.9 Mn Sq. Ft. under ongoing projects and 29.9 Mn Sq. Ft. in the planned pipeline. Unrecognised revenue stood at Rs. 3,733 crore, up from Rs. 2,778 crore in the previous year, providing strong earnings visibility.

Dividend and AGM Details

The board recommended a final dividend of ₹2.25 per equity share of face value ₹10 each for FY26, marking the fourth consecutive year of dividend distribution. The dividend, if approved at the 18th AGM, will involve a cash outflow of approximately Rs. 1,032.01 lakh. The record date for dividend entitlement is Friday, August 28, 2026. With effect from November 18, 2025, dividends are processed only in electronic mode, with payment warrants discontinued as per SEBI guidelines.

The 18th AGM is scheduled for Friday, September 11, 2026, at 11:00 am via Video Conference/Other Audio Visual Means, with the deemed venue at the company's registered office in Ahmedabad. Remote e-voting will be available from 9:00 am on September 8, 2026, until 5:00 pm on September 10, 2026. The cut-off date for voting eligibility is September 4, 2026.

Auditor Appointment and Governance

M/s. S R B C & Co LLP resigned as statutory auditors after completing the maximum permissible term of 10 consecutive years (FY17 to FY26). The board appointed M/s. Walker Chandiok & Co LLP (ICAI Firm Registration No.: 001076N/N500013) to fill the casual vacancy with effect from August 7, 2026. Shareholders are being asked to ratify this appointment and approve Walker Chandiok's continuation for a term of five consecutive years from the conclusion of the 18th AGM until the conclusion of the 23rd AGM in 2031. The proposed remuneration for Walker Chandiok is Rs. 40 lakh for FY27, exclusive of applicable taxes and out-of-pocket expenses.

During FY26, the company underwent a planned leadership transition. Priyansh Kapoor was appointed as Managing Director and Chief Executive Officer with effect from February 10, 2026, while Kamal Singal was re-designated as Whole-time Director (Strategy and Investments). Kulin S. Lalbhai assumed the role of Chairman with effect from November 3, 2025. The company also strengthened its senior leadership bench with appointments of a new Chief Financial Officer, Chief Operating Officer, and city-level Chief Business Officers across Ahmedabad, Bengaluru, and the Mumbai Metropolitan Region.

The company holds an AA-/Stable long-term credit rating from India Ratings and Research, reflecting consistent operating performance and sound financial discipline. As of March 31, 2026, the company had a market capitalisation of Rs. 2,304 crore and a workforce of 536 employees.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE034S01021/9254ce3e-4099-477f-b286-979dbc52a565.pdf