Arvind SmartSpaces Limited announced the acquisition of a new residential high-rise project on Sarjapur Road, Bengaluru. The project has a top-line potential of ₹470 crore and is spread across 2.5 acres with a saleable area of 3.6 lakh sq. ft.

This development is an extension of the company's existing project, Arvind Sylva, located in the same neighbourhood. The acquisition was made on a joint development basis and marks the company's 11th high-rise project in Bengaluru.

Project specifications and market positioning

The new high-rise development expands the company's footprint in the city's key residential corridors. Sarjapur Road is noted for its proximity to the Outer Ring Road IT hub, a new campus of a major IT firm, and a proposed metro station. The location also offers access to leading hospitals and educational institutions.

This addition complements the existing inventory absorption of approximately 60% by value recorded at Arvind Sylva – The Green Reserve. Arvind Sylva itself is spread across 4.7 acres and comprises around 375 premium residences, featuring more than 70% open spaces and over 40 curated lifestyle facilities.

Priyansh Kapoor, Managing Director & CEO of Arvind SmartSpaces, stated that the strong response to recent launches in the same location reflects the trust in the 'Arvind' brand among homebuyers and landowners. He noted that Bengaluru remains a key growth market for the company.

What the Numbers Show

The combined data highlights a robust pipeline in Bengaluru. With ₹500 crore in bookings already secured against a total topline potential of ₹860 crore for Arvind Sylva, the project has achieved roughly 58% of its projected gross sales value in just one month. The addition of this new project with ₹470 crore revenue potential further strengthens the company's near-term sales visibility in the premium housing segment.

According to management, the cumulative new business development top-line potential for FY27 now stands at approximately ₹3,100 crore. The company remains on track with its growth plans across Gujarat, Bengaluru, and MMR.

About Arvind SmartSpaces

Established in 2008 as part of the Lalbhai Group, Arvind SmartSpaces is headquartered in Ahmedabad. The company has developed approximately 100.5 million square feet of real estate across India, including projects in Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune. It entered the Bengaluru market in 2013 and has added 16 projects across the city, with eight delivered and eight in various stages of development.

Arvind SmartSpaces Limited shareholders approved the appointment of M/s. Walker Chandiok & Co LLP as statutory auditors for five years and re-elected Mr. Kulin Sanjay Lalbhai as a director at its 18th annual general meeting held on September 11, 2026.

The meeting, conducted via video conferencing, saw high promoter participation with 99.82% of votes polled in favor of key resolutions. All seven ordinary and special resolutions were passed with requisite majorities.

Voting Participation

The company had 94,371 shareholders on the record date of September 4, 2026. Remote e-voting was open from September 8 to September 10, 2026. Only 70 shareholders attended the virtual meeting, comprising one promoter and 69 public shareholders.

Key Resolutions Passed

The following resolutions were approved by the shareholders:

• Adoption of audited financial statements for FY26 and reports of directors and auditors.
• Declaration of dividend on equity shares for FY26.
• Re-appointment of Mr. Kulin Sanjay Lalbhai (DIN: 05206878) as a director liable to retire by rotation.
• Appointment of M/s. Walker Chandiok & Co LLP (ICAI Firm Registration No.: 001076N/N500013) as statutory auditors for five consecutive years.
• Appointment of M/s. Walker Chandiok & Co LLP to fill the casual vacancy in the office of statutory auditor.
• Ratification of remuneration for M/s. Kiran J. Mehta & Co., Cost Accountants, for FY27.
• Approval of remuneration for non-executive directors for the period from April 1, 2026, to March 31, 2031.

Resolution-wise Voting Results

Promoters voted unanimously in favor of all resolutions. Public institutional investors showed minor dissent on the adoption of financial statements and the re-appointment of Mr. Kulin Sanjay Lalbhai.

Governance and Compliance

The proceedings were conducted in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Voting results, as required under Regulation 44(3) of the Listing Regulations, have been submitted to the exchanges.

Prakash Bhogibhai Makwana, Company Secretary (Membership No.: A7279), certified the proceedings. The company communicated these outcomes to both BSE Limited and the National Stock Exchange of India Ltd.