Arvind SmartSpaces Ltd received a disclosure under SEBI (SAST) Regulations regarding the acquisition of 410 equity shares by Ketan Ratilal Patel and Persons Acting in Concert (PACs) on September 30, 2026. The transaction was executed through the open market mechanism.

The acquirers include Ketan Ratilal Patel, Krishna Ketan Patel, and Ratilal Khimjibhai Patel. The filing confirms that the acquirer does not belong to the promoter or promoter group of the target company. The acquisition represents a negligible change in the overall shareholding pattern, accounting for less than 0.01% of the total voting capital.

Pre-acquisition holding details

Before this specific acquisition, the combined holding of the acquirer and PACs stood at 5.70% of the total share capital. Ketan Ratilal Patel held the majority of these shares, while Krishna Ketan Patel held a minor stake. Ratilal Khimjibhai Patel did not hold any shares prior to this transaction.

Post-acquisition holding details

Following the open market purchase of 410 shares by Ratilal Khimjibhai Patel, the aggregate holding of the group remains effectively unchanged at 5.70%. The total number of shares held by the acquirer and PACs after the transaction is 26,15,661. The equity share capital of Arvind SmartSpaces remained constant at 4,58,66,979 shares before and after the acquisition.

What the numbers show

The acquisition of 410 shares constitutes a fraction of a percent of the company's total diluted share capital of 4,58,66,979 shares. Despite the addition of new shares to Ratilal Khimjibhai Patel's portfolio, the collective stake of the acquirer and PACs remains static at 5.70%, indicating that this transaction was likely a routine portfolio adjustment rather than a strategic move to alter control or significant influence over the company.

Arvind SmartSpaces Limited announced the retirement of Vijay Taneja, Head of Information Technology, effective September 30, 2026. Kishor Vegada has been designated as the new Head of IT, reporting to Chief Financial Officer Amit Chamaria.

Leadership transition details

The company filed an intimation with BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Taneja, who served as Senior Management Personnel (SMP), ceases to hold this designation upon retirement. The change is procedural and follows standard corporate governance disclosures for SMP departures.

Kishor Vegada, previously serving as Chief General Manager - IT, assumes the role of Head of IT. This internal promotion ensures continuity in the technology leadership structure. The reporting line to the CFO indicates a strategic alignment of IT functions with financial oversight during this transition period.

Regulatory compliance and disclosures

The filing includes Annexure A detailing the reasons for the change and cessation dates. The disclosure adheres to SEBI Master Circular guidelines regarding senior management personnel changes. No other material changes to the board or key managerial personnel were reported alongside this announcement.