Ketan Ratilal Patel has acquired additional shares in Arvind Smartspaces Ltd, increasing his stake in the real estate development company through an open market transaction. The acquisition was disclosed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share acquisition involved a purchase of 7,000 equity shares carrying voting rights through the open market. This transaction represents a modest 0.02% increase in Patel's shareholding in the company.

Shareholding Pattern Changes

Following the acquisition, Patel's total shareholding in Arvind Smartspaces has increased marginally from 5.68% to 5.70%. The transaction also involves Krishna Ketan Patel as a person acting in concert (PAC), who maintains a minimal holding of 900 shares.

Company Information

Arvind Smartspaces Ltd maintains its equity shares listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company's total equity share capital remains unchanged at 4,58,66,979 shares following this transaction.

Regulatory Compliance

The disclosure confirms that Ketan Ratilal Patel does not belong to the promoter or promoter group of Arvind Smartspaces. The acquisition was properly reported under SEBI regulations, with all necessary documentation and signatures provided by both the acquirer and the person acting in concert.

The transaction represents a routine equity investment through public market channels, with the acquirer maintaining transparency through regulatory filings as required under Indian securities law.

Arvind SmartSpaces has received a substantial acquisition disclosure from Bandhan Mutual Fund, marking a significant increase in the fund house's stake in the real estate developer. The acquisition was executed through Bandhan's Small Cap Fund scheme on February 24, 2026.

Transaction Details

Bandhan Mutual Fund acquired 3,64,365 equity shares of Arvind SmartSpaces through open market transactions, representing 0.7944% of the company's total paid-up capital. This strategic purchase has elevated the fund's total holding in the company from 4.4438% to 5.2382% of the voting rights.

Holding Pattern Changes

The acquisition resulted in a notable shift in Bandhan Mutual Fund's ownership structure in Arvind SmartSpaces. Prior to this transaction, the fund held 20,38,214 shares, which constituted 4.4438% of the company's paid-up capital.

Company Capital Structure

Arvind SmartSpaces maintains a stable equity share capital structure with 4,58,66,979 equity shares of face value Rs. 10/- each, fully paid up, totaling INR 45,86,69,790/-. The company's total diluted share capital stands at INR 47,46,19,790/- comprising 4,74,61,979 diluted shares.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vijayalaxmi Khatri, Head – Legal & Compliance at Bandhan AMC Limited, submitted the formal disclosure to BSE Limited on February 26, 2026. The fund confirmed it does not belong to the promoter or promoter group of Arvind SmartSpaces.

Market Presence

Arvind SmartSpaces shares are listed on both BSE Limited and National Stock Exchange of India Limited, providing liquidity for institutional investors like Bandhan Mutual Fund. The open market acquisition demonstrates the fund's confidence in the real estate developer's growth prospects and aligns with its small-cap investment strategy.