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 granted 1,00,000 stock options to eligible employees under its Employee Stock Option Plan 2016, as disclosed to the stock exchanges on January 7, 2026. The grant was approved by the company's Nomination and Remuneration Committee on January 7, 2026, under Grant-January 2026.

ESOP Grant Details

The stock options grant encompasses key parameters designed to align employee interests with company performance:

Vesting Schedule

The granted stock options follow a structured vesting timeline spread over five years:

Regulatory Compliance

The Employee Stock Option Plan operates in full compliance with regulatory requirements. The scheme adheres to the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEB Regulations, 2021). This ensures that the stock option grant meets all prescribed standards for employee benefit schemes in the Indian capital markets.

Exercise Framework

The granted stock options provide employees with a structured pathway to equity participation. Once vested, employees will have a 5-year window to exercise their options at the predetermined price of ₹587.05 per share. The exercise price reflects market conditions as of the grant date, being based on the latest available closing price on the National Stock Exchange with higher trading volume.

Corporate Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary Prakash Makwana signed the disclosure document submitted to both BSE Limited and National Stock Exchange of India Limited.

This ESOP grant represents the company's continued commitment to employee retention and motivation through equity participation, allowing eligible employees to benefit from the company's future growth prospects.