Arvind SmartSpaces Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI's depositories and participants regulations for the quarter ended 31st March, 2026.

Regulatory Filing Details

The company filed the certificate on 7th April, 2026, with both BSE Limited and National Stock Exchange of India Limited. The submission was made pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly compliance reporting for listed companies.

Registrar Confirmation Certificate

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent. The registrar provided a comprehensive confirmation certificate dated 1st April, 2026, validating the company's compliance with dematerialisation processes.

The certificate confirms that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed. Key compliance aspects covered include:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Security certificates comprised in dematerialisation requests have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification by depository participants
• Names of depositories have been substituted in the register of members as registered owners

Registrar Details

MUFG Intime India Private Limited operates under CIN U67190MH1999PTC118368 with its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083. The confirmation certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry.

Compliance Significance

This quarterly filing demonstrates Arvind SmartSpaces' adherence to SEBI's regulatory framework governing depositories and participants. The certificate ensures transparency in the dematerialisation process and confirms that all procedural requirements have been met during the reporting quarter. The timely submission and comprehensive confirmation from the registrar reflect the company's commitment to maintaining regulatory compliance standards.

Arvind SmartSpaces Limited announced that ASL ESOP Trust has acquired 4,58,670 equity shares from the secondary market on March 27, 2026, representing approximately 1% equity stake in the company. The acquisition marks a significant step in strengthening the company's Employee Stock Ownership Plan framework through the creation of a dedicated trust structure.

ESOP Trust Acquisition Details

The share acquisition follows recent shareholder approval obtained through postal ballot for implementing two key employee stock option schemes through an irrevocable employee welfare trust. The approved schemes include the 'Arvind SmartSpaces Limited - Employee Stock Option Scheme 2025' and 'Arvind Infrastructure Limited Employee Stock Option Plan 2016'.

Strategic Benefits of Trust Structure

The ESOP Trust implementation provides dual benefits for both employees and existing shareholders. For employees, the trust structure enables cashless exercise, allowing them to realize value without upfront payment of exercise price or taxes, ensuring faster and smoother settlement of ESOP benefits. For shareholders, the trust acquires shares through secondary market purchases, resulting in no fresh equity issuance and consequently no dilution of existing shareholding or impact on earnings per share.

Promoter Shareholding Enhancement

The ESOP announcement follows a recent promoter-led acquisition of approximately 4% equity stake from the secondary market. This transaction increased promoter shareholding from 49.83% to approximately 53.83%, reflecting the promoters' confidence in the company's fundamentals and future growth potential.

Management Commentary

Chairman Kulin Lalbhai emphasized the strategic importance of the ESOP Trust formation, stating that vesting employees with ownership will enhance engagement and performance while fostering deeper commitment to the company's vision. The initiative represents a key step in the company's evolution as a professionally managed, growth-focused organization aimed at building organizational depth and leadership bandwidth to support growth ambitions.

Company Background

Arvind SmartSpaces, established in 2008 and built on the 128+ years legacy of the Lalbhai Group, operates as a leading real estate development company headquartered in Ahmedabad. The company has developed approximately 110.70 million square feet of real estate across the country, with developments spanning Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR and Pune.