Arvind SmartSpaces Reports 147% QoQ Growth in Bookings, Launches New Projects in Gujarat

Arvind SmartSpaces , a prominent player in the Indian real estate sector, has reported significant growth in bookings and new project launches for the quarter ended September 30, 2025.

Key Financial Highlights for Q2 FY26

Metric	Q2 FY26	QoQ Change
Bookings	₹432.00 Cr	+147%
Collections	₹236.00 Cr	+23%
Revenue from Operations	₹140.00 Cr	N/A
Net Operating Cash Flows	₹125.00 Cr	+368%

The company's bookings saw a substantial increase of 147% quarter-on-quarter, reaching ₹432.00 crores in Q2 FY26. Collections also improved, standing at ₹236.00 crores, up 23% QoQ.

Half-Year Performance

For the half year ended September 30, 2025:

Bookings reached ₹607.00 crores
Collections totaled ₹427.00 crores
Revenue from operations was ₹242.00 crores

Financial Position

Arvind SmartSpaces maintains a negative net debt position of ₹(32.00) crores as of September 30, 2025, indicating a strong financial standing.

New Project Launches and Expansions

Arvind Everland at Mankol, Sanand

Achieved sales bookings of 954 units
Worth ₹400.00 crores during the quarter
Represents 82% of launched inventory

Vadodara Entry

Launched a ₹700.00 crore horizontal township project
Spread over 98 acres
Joint development model with 68% revenue share

Market Implications

The significant growth in bookings and successful project launches suggest a strong performance by Arvind SmartSpaces. This positive performance in Q2 FY26 indicates the company's expansion strategy is yielding results.

Looking Ahead

As Arvind SmartSpaces continues to expand its project portfolio and enter new markets, stakeholders will be watching closely for sustained growth in bookings and collections. The company's ability to maintain its strong financial position while pursuing expansion will be crucial for its long-term success in the competitive real estate market.

The real estate sector's overall health and any regulatory changes will continue to play a significant role in shaping Arvind SmartSpaces' performance in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.65%	-1.77%	-3.18%	-12.79%	-23.35%	+417.64%

Arvind SmartSpaces Limited , a prominent player in India's real estate sector, has issued a postal ballot notice dated November 3, 2025, seeking shareholder approval for key director appointments. The company previously announced significant leadership changes alongside its financial results for the second quarter of fiscal year 2026.

Postal Ballot Notice and Voting Schedule

The company has formally notified BSE Limited and National Stock Exchange of India Limited about the postal ballot process for director appointments. The voting schedule has been structured as follows:

Event	Date/Time
Cut-off Date for Voting Rights	Friday, December 19, 2025
Remote E-voting Commencement	Tuesday, December 30, 2025 (09:00 a.m.)
Remote E-voting End	Wednesday, January 28, 2026 (05:00 p.m.)
Scrutinizer Report Submission	On or before Friday, January 30, 2026
Results Declaration	On or before Friday, January 30, 2026

Director Appointments Seeking Approval

Shareholders will vote on two key resolutions:

Special Resolution: Appointment of Mr. Prashant Das (DIN: 03440571) as an Independent Director
Ordinary Resolution: Appointment of Mr. Punit S. Lalbhai (DIN: 05125502) as a Non-Executive Director

Both directors were initially appointed to the board on November 3, 2025, and now require formal shareholder approval.

Director Profiles and Expertise

Mr. Prashant Das - Proposed Independent Director

Profile Details	Information
Age	43 Years
Qualifications	PhD in Real Estate (Georgia State University), Master's in Land Development (Texas A&M University), Bachelor's in Architecture (IIT Roorkee)
Current Position	Chairperson of Finance & Accounting area and Associate Professor of Real Estate at IIM Ahmedabad
Expertise	Real estate private equity, REITs, MBS, commercial real estate
Publications	30+ research papers, 15 cases, three books
Awards	12 international research awards, two teaching excellence awards

Mr. Punit S. Lalbhai - Proposed Non-Executive Director

Profile Details	Information
Age	43 Years
Qualifications	Bachelor's in Conservation Biology (University of California, Davis), Masters in Environmental Science (Yale University), MBA (INSEAD, France)
Current Position	Vice Chairman of Arvind Ltd
Expertise	New materials, sustainable technologies, environmental sustainability
Relationship	Brother of Mr. Kulin S. Lalbhai, Chairman & Non-Executive Director
Other Directorships	14 companies including Arvind Limited, Deepak Nitrite Limited, Arvind Fashions Limited

Previous Leadership Transition

The postal ballot follows earlier announced leadership changes where Sanjay S. Lalbhai stepped down as Chairman, with Kulin S. Lalbhai elevated to Chairman of the Board. The company also appointed Amit Chamaria as the new Chief Financial Officer as part of its succession planning process.

Financial Context

For the quarter ended September 30, 2025, Arvind SmartSpaces reported consolidated revenue from operations of ₹14,051.19 crore compared to ₹26,558.10 crore in the same quarter of the previous year, representing a 47.09% decline. Net profit after tax decreased by 62.32% to ₹1,601.92 crore from ₹4,251.84 crore year-on-year.

The postal ballot process represents a crucial step in the company's governance structure enhancement, with both proposed directors bringing significant expertise in real estate, finance, and sustainable business practices to strengthen the board's capabilities.