Arvind SmartSpaces Limited announced that its premium residential project, Arvind Sylva – The Green Reserve in Bengaluru, crossed ₹500 crore in bookings within 30 days of its launch. This performance represents an inventory absorption of approximately 60% by value.

The project is located on Sarjapur Road, a key residential and commercial growth corridor in Bengaluru. It offers connectivity to the Outer Ring Road, Electronic City, Whitefield, and several leading IT and business hubs. The development was acquired on an outright basis in February 2026 with a topline potential of approximately ₹860 crore.

Project specifications and market positioning

Arvind Sylva is spread across 4.7 acres and comprises around 375 premium residences. The project features more than 70% open spaces, integrating expansive green landscapes with contemporary architecture. Key amenities include over 1,000 varieties of flora, a grand designer clubhouse exceeding 15,000 sq. ft., and more than 40 curated lifestyle facilities.

Priyansh Kapoor, Managing Director & CEO of Arvind SmartSpaces, stated that the higher booking statistics validate the company's market selection and its strategic move into premium high-rise developments. He noted that the 'Arvind' brand continues to resonate strongly with homebuyers.

What the Numbers Show

The data reveals a strong correlation between inventory velocity and revenue realization potential. With ₹500 crore in bookings already secured against a total topline potential of ₹860 crore, the project has achieved roughly 58% of its projected gross sales value in just one month. This rapid conversion suggests robust demand for nature-centric premium housing in Bengaluru's tech corridors, potentially accelerating cash flow visibility for the developer compared to traditional launch timelines.

About Arvind SmartSpaces

Established in 2008 as part of the Lalbhai Group, Arvind SmartSpaces is headquartered in Ahmedabad. The company has developed approximately 100.1 million square feet of real estate across India, including projects in Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune.

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.