Arihant Superstructures Limited (ASL), a prominent real estate developer in the Mumbai Metropolitan Region (MMR) and Jodhpur, has announced its financial results for the second quarter of fiscal year 2026, showcasing resilience in the face of challenging weather conditions.

Financial Highlights

For Q2 FY26, ASL reported:

• Operating revenue of INR 1,227.00 million, up 9.7% year-over-year (YoY)
• EBITDA of INR 299.00 million, with a margin of 24.37%
• Profit After Tax (PAT) of INR 100.00 million, representing an 8.15% PAT margin
• Earnings Per Share (EPS) of INR 1.41

The company's performance was impacted by heavy and extended monsoons during the quarter, which slowed project execution and affected earnings.

Operational Performance

Despite the weather-related challenges, ASL demonstrated strong sales performance:

• Pre-sales reached INR 2,358.00 million
• 280 units sold, covering 289,036 square feet of area
• Collections totaled INR 1,110.00 million during the quarter

Project Updates

ASL continues to expand its portfolio and make progress on existing projects:

• Acquired 5 acres of additional land at Chowk Manival for the Town Villas project
• Received occupancy certificate for Arihant Amisha Phase 2, covering 134 units
• Obtained environmental clearance for World Villas, Anaika, and Arihant Avanti Palace projects

Corporate Actions

The company has also undertaken several significant corporate actions:

1. Change in Statutory Auditors: The Board has appointed M/s K J K & Associates (FRN: 112159W) as the new Statutory Auditors, replacing M/s. Ummed Jain & Co.

2. New Registrar and Share Transfer Agent: KFin Technologies Limited has been appointed as the new RTA, replacing Adroit Corporate Services Private Limited.

3. Committee Reconstitution: The Board has reconstituted various committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee.

4. Stock Split Consideration: The Board has deferred the agenda item regarding a potential stock split/sub-division of equity shares, pending further analysis and reports from proxy advisory firms.

Market Position

ASL maintains a strong presence in the MMR real estate market:

• 19 ongoing projects across MMR and Jodhpur
• Gross development value of INR 125,000.00 million
• 75% of projects located within 10 to 30 minutes from the upcoming Navi Mumbai International Airport

Management Commentary

Ashok Chhajer, Chairman and Managing Director of ASL, commented on the results: "With the Navi Mumbai International Airport getting set for commercial flight operations in December 2025, we are already witnessing a shift of demand towards Navi Mumbai, especially the micro-markets closer to the Airport. Despite flat sales in Mumbai MMR in the last 6 months, Navi Mumbai was a bright spot with its market share increasing to 18% from 13% YoY."

He added, "The heavy & extended monsoons this quarter slowed down the execution of projects which reflected a tepid Q2 earnings. However, our Gross Development Value (GDV) remains a strong indicator of future revenue potential."

As Arihant Superstructures navigates through these challenges, the company remains focused on its diverse project portfolio and strategic land acquisitions, positioning itself for potential growth as market conditions improve.

Arihant Superstructures Ltd. , a prominent real estate developer, has decided to postpone its decision on a potential stock split, as announced in a board meeting held on November 12, 2025. The company's board, acting on the recommendation of its Stakeholders Relationship Committee, has deferred the agenda item regarding the stock split or sub-division of equity shares.

Reasons for Deferral

The deferral comes after the company's Independent Directors requested a more comprehensive understanding of the subject. They suggested obtaining a report from Proxy Advisory Firms or Consultants before proceeding with this corporate action. The management and board have acknowledged this requirement, leading to the postponement of the decision.

Implications and Next Steps

This move indicates Arihant Superstructures' commitment to thorough due diligence before making significant corporate decisions. By seeking expert opinions, the company aims to ensure that any potential stock split aligns with the best interests of its shareholders and the company's long-term strategy.

Other Board Meeting Outcomes

In the same board meeting, Arihant Superstructures made several other important decisions:

1. Appointment of New Statutory Auditors: The board approved the appointment of M/s. K J K & Associates (Firm Registration No. 112159W) as the new Statutory Auditors. This appointment fills the casual vacancy caused by the resignation of M/s. Ummed Jain & Co.

2. Change in Registrar and Share Transfer Agent: The company decided to appoint KFin Technologies Limited as its new Registrar and Share Transfer Agent (RTA), replacing Adroit Corporate Services Private Limited. This change aims to enhance shareholder services and align with recent SEBI amendments.

3. Committee Reconstitution: The board approved the reconstitution of various committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee.

4. Financial Review: The board considered and approved the Unaudited Accounts (Standalone and Consolidated) along with the Limited Review Report for the quarter and half year ended September 30, 2025.

Looking Ahead

As Arihant Superstructures awaits the advisory report on the potential stock split, investors and market watchers will be keen to see how this decision unfolds in the coming months. The company's cautious approach to this corporate action reflects its commitment to transparency and informed decision-making.

The board meeting, which began at 12:00 PM, concluded at 03:20 PM, marking a significant day for Arihant Superstructures' corporate governance and strategic planning.