Arvind SmartSpaces Limited has formally submitted its Trust Deed to both BSE Limited and National Stock Exchange of India Limited, marking a significant step in the implementation of its employee stock option schemes. The submission was made under Regulation 3(3) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Trust Establishment and Structure

The company has established an irrevocable employee welfare trust named ASL ESOP Trust to administer and implement its employee benefit schemes. The trust has been set up with an initial corpus and will operate under the provisions of the Indian Trust Act, 1882, and applicable SEBI regulations.

Schemes Under Administration

The ASL ESOP Trust will administer two distinct employee stock option schemes:

• Arvind Infrastructure Limited Employee Stock Option Plan 2016
• Arvind SmartSpaces Limited Employee Stock Option Scheme 2025

These schemes are designed to attract, retain, and incentivize employees through equity-based compensation plans, allowing eligible employees to acquire shares of the company at predetermined prices upon meeting specific vesting conditions.

Corporate Trustee Appointment

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) has been appointed as the corporate trustee. The company is incorporated under the Companies Act, 1956, with CIN U67190MH1999PTC118368 and maintains its registered office at C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai 400083, Maharashtra.

Trust Operations and Compliance

The trust deed outlines comprehensive operational guidelines including:

• Share acquisition through subscription or secondary market purchases
• Transfer mechanisms to beneficiaries upon option exercise
• Trading restrictions with specific compliance requirements under SEBI regulations
• Minimum holding periods of 6 months for shares acquired through secondary acquisition

Regulatory Framework

The trust operates under strict regulatory compliance, ensuring adherence to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The structure prohibits the trust from becoming a trading mechanism and restricts derivative transactions while allowing specific circumstances for share disposal including buy-back participation and scheme winding up.

The submission represents Arvind SmartSpaces' commitment to implementing structured employee benefit programs while maintaining full regulatory compliance with securities market regulations.

Source: None/Company/INE034S01021/ed173f1a-5cdc-4d34-a95c-a934e91f3361.pdf

Arvind SmartSpaces Limited has announced the successful completion of its postal ballot process, with shareholders approving all 10 resolutions presented in the notice dated 10th February, 2026. The company informed stock exchanges on 16th March, 2026, that all resolutions were passed with requisite majority following the scrutinizer's report submitted by Mr. Hitesh Buch, Practising Company Secretary.

Voting Process Overview

The postal ballot was conducted entirely through electronic voting, in compliance with MCA circulars and SEBI regulations. The voting period commenced at 09:00 AM on 14th February, 2026, and concluded at 05:00 PM on 15th March, 2026. The cut-off date for determining voting rights was 6th February, 2026, with 95297 members eligible to participate.

Key Resolutions Approved

The approved resolutions encompass various strategic and operational matters. Resolution 1 and 2, both special resolutions, received overwhelming support with 99.97% approval rates. These resolutions address the increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and creation of charges on movable and immovable properties for borrowings.

Financial and Strategic Approvals

Resolution 3, an ordinary resolution for material related party transactions involving Special Purpose Vehicles (SPVs), achieved 99.99% approval with 12125152 votes in favour. This resolution enables offering certain moveable and immovable properties of SPVs as security for loans obtained by the company.

Leadership Re-designations

Shareholders approved the re-designation of key leadership positions through special resolutions. Mr. Priyansh Kapoor's re-designation as Managing Director & CEO received exceptional support with 99.997% approval (36641915 votes). Mr. Kamal Singal's re-designation as Whole-time Director (Director – Strategy and Investments) was approved with 99.56% support (36483347 votes).

Employee Stock Option Schemes

Multiple resolutions related to employee stock option schemes were approved with strong shareholder support. The administration of 'Arvind SmartSpaces Limited - Employee Stock Option Scheme 2025' through an irrevocable employee welfare trust received 99.97% approval. Similarly, resolutions for secondary acquisition of shares and administration of the existing 'Arvind Infrastructure Limited Employee Stock Option Plan 2016' were approved with comparable margins.

ESOP-Related Approvals

Voting Pattern Analysis

The voting pattern showed strong participation across all shareholder categories. Promoter and Promoter Group, holding 22852998 shares, demonstrated 99.80% participation with unanimous support for most resolutions. Public Institutions with 7729170 shares showed 94.93% participation, while Public Non-Institutions holding 15284811 shares had 42.51% participation.

The scrutinizer's report confirmed that all resolutions were passed with requisite majority, validating the electronic voting process conducted through National Securities Depository Limited. The company has uploaded the complete results and scrutinizer's report on its website at www.arvindsmartspaces.com , ensuring transparency and regulatory compliance.