Arihant Foundations & Housing Limited announced that its Board of Directors has approved a significant fundraising initiative through the issuance of non-convertible debentures. The board meeting, held on February 19, 2026, from 6:00 PM to 6:30 PM, resulted in the approval of unlisted, unsecured, redeemable non-convertible debentures (NCDs) worth up to ₹180 crores.

Board Meeting Outcome

The company's board considered and approved the issuance of NCDs on a private placement basis, targeting eligible investors. The securities will be issued in one or more tranches, providing flexibility in the fundraising process. The approval comes subject to obtaining necessary statutory and regulatory approvals as required under applicable regulations.

NCD Issue Details

The comprehensive details of the proposed NCD issue are structured as follows:

Terms and Conditions

The specific terms of the NCD issue, including critical parameters, will be detailed in the relevant PAS-4 documentation. Key aspects to be covered in the PAS-4 include:

• Total number of securities to be issued
• Face value of individual debentures
• Issue price structure
• Tenure of the instruments
• Maturity date specifications
• Coupon or interest rate applicable
• Principal payment schedule
• Redemption methodology
• Special rights and covenants

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the exchange about the board meeting on February 16, 2026. The disclosure follows the requirements under Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Corporate Communication

The formal communication to BSE Limited was signed by Arun Rajan, Chief Executive Officer of Arihant Foundations & Housing Limited. The company trades under scrip code 531381 on the BSE platform. The structured approach to fundraising through NCDs reflects the company's strategic financial planning and commitment to regulatory compliance in its capital market activities.

Arihant Foundations & Housing Limited has delivered robust financial performance for the third quarter of FY26, demonstrating strong operational execution and market demand across its core segments. The Chennai-based real estate developer announced its results for the quarter and nine months ended December 31, 2025, showcasing significant growth across key financial metrics.

Q3FY26 Financial Performance

The company's quarterly performance reflected strong underlying demand and operational efficiency. Revenue growth was particularly impressive, supported by disciplined cost management and strategic project execution.

Nine Months Performance Highlights

For the nine months ended December 31, 2025, Arihant Foundations demonstrated consistent growth momentum across all financial parameters. The company's revenue reached INR 279.60 crore, significantly higher by 90.2% compared to INR 147.00 crore in the corresponding period last year.

Strategic Development Announcements

Beyond financial performance, the quarter marked strategic milestones in the company's growth trajectory. Arihant Foundations successfully announced and launched two marquee developments in Chennai's Central Business District at Boat Club and Kilpauk. These projects carry an estimated Gross Development Value of approximately INR 500 crore and include a premium office development and a luxury residential offering.

Management Commentary

Mr. Kamal Lunawath, Managing Director, expressed satisfaction with the strong operating performance delivered during the quarter and first nine months of FY26. He highlighted the robust underlying demand across core markets and the strength of execution capabilities. The management emphasized that these projects align with the company's long-term vision of creating landmark assets that combine design excellence, functionality, and enduring value while contributing meaningfully to Chennai's urban landscape enhancement.

Company Background

Incorporated in 1992, Arihant Foundations has been a key player in shaping Chennai's urban landscapes for over three decades. The company has developed over 20 million square feet across residential, commercial, and senior living segments. As a pioneer in high-rise developments in Chennai, Arihant Foundations has contributed the largest number of high-rise buildings to the city's skyline, with over 90% of projects executed through joint developments.