Ketan Ratilal Patel has increased his shareholding in Arvind Smartspaces Ltd through an open market acquisition of 2,000 equity shares on January 21, 2026. The transaction was disclosed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The acquisition represents a marginal increase in Patel's stake, bringing his total holding along with Person Acting in Concert (PAC) Krishna Ketan Patel to 5.69% from the previous 5.68%. The shares were acquired through open market purchase and carry voting rights.

Shareholding Pattern

Following the acquisition, Patel's individual holding increased to 26,07,201 shares representing 5.68% of the total share capital. His PAC Krishna Ketan Patel continues to hold 900 shares representing 0.00% of the total share capital.

Company Information

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

The disclosure indicates that neither the acquirer nor the PAC holds any shares in the nature of encumbrance, voting rights otherwise than by equity shares, or warrants/convertible securities that would entitle them to receive additional shares carrying voting rights in the company.

Regulatory Compliance

The transaction complies with SEBI regulations for substantial acquisition disclosures. Both Ketan Ratilal Patel (PAN: ABRPP7959F) and Krishna Ketan Patel (PAN: GAZPP7294G) have provided their signatures on the disclosure document dated January 21, 2026, from Ahmedabad.

Arvind SmartSpaces Limited has announced the acquisition of a new residential high-rise project in Whitefield, Bengaluru, with significant revenue potential. The project represents a strategic expansion in one of the city's most sought-after residential markets.

Project Details and Specifications

The newly acquired project demonstrates substantial scale and market positioning:

The project is strategically located in Whitefield, which has evolved into a premier residential and commercial hub over the past decade. The area continues to attract strong demand from professionals and families seeking premium living spaces, driven by its proximity to major IT parks, global corporations, and thriving social infrastructure.

Strategic Portfolio Expansion

This acquisition marks a significant milestone in the company's Bengaluru operations:

• Ninth high-rise project in Bengaluru for Arvind SmartSpaces
• Second acquisition in Whitefield following the ITPL road high-rise project
• Part of the company's 13 total projects across the Bengaluru region

The company entered the Bengaluru market in 2013 and has since established a strong presence with six projects already delivered and seven in various stages of development or pre-launch.

Management Commentary

Mr. Priyanshu Kapoor, CEO and Whole Time Director of Arvind SmartSpaces, emphasized the strategic importance of this acquisition. He highlighted that this represents the company's second acquisition in Whitefield, one of Bengaluru's most premium residential real estate markets. The project aligns with their strategic vision to deliver premium developments in high-demand micro-markets, ensuring sustained end-user interest and strong value creation.

Company Background and Market Position

Arvind SmartSpaces operates with a strong foundation built on the 128-year legacy of the Lalbhai Group. Established in 2008 and headquartered in Ahmedabad, the company has developed 109 million square feet of real estate across the country. The company maintains real estate developments across multiple key markets including Ahmedabad, Gandhinagar, Bengaluru, MMR, and Pune.

The management indicated plans to continue adding new projects across Gujarat, Bengaluru, and MMR during the remainder of the year, demonstrating ongoing expansion momentum in key metropolitan markets.