Arihant Superstructures Limited has successfully concluded its postal ballot process, with all three proposed resolutions receiving overwhelming shareholder approval through the e-voting mechanism that concluded on December 23, 2025.

Voting Results Summary

The company announced the results on December 24, 2025, following the completion of the remote e-voting period that commenced on November 24, 2025. All resolutions were passed with requisite majority, demonstrating strong shareholder confidence in the proposed corporate changes.

Detailed Voting Statistics

The postal ballot witnessed significant participation from shareholders across different categories. The voting results demonstrate strong support from both promoter and public shareholders for all proposed resolutions.

Key Approved Resolutions

Director Appointment Confirmed

Shareholders approved the regularization of Ms. Sheetal Bhilkar's appointment as Non-Executive Independent Director. Ms. Bhilkar brings over 30 years of experience in the construction and engineering industry as Founder, Director & CEO of Urja Building Services Consultants Pvt. Ltd., along with education from IIM Bangalore.

Registrar Services Enhancement

The special resolution to maintain registers of members at a place other than the registered office was approved, facilitating the appointment of KFin Technologies Limited as the new Registrar and Share Transfer Agent, replacing Adroit Corporate Services Private Limited.

Auditor Transition Approved

Shareholders endorsed the appointment of M/s. K J K & Associates, Chartered Accountants (Firm Registration No. 112159W) as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. Ummed Jain & Co., Chartered Accountants.

Voting Process Details

The e-voting facility was provided through National Securities Depository Limited (NSDL) to shareholders holding shares as on the cut-off date of November 14, 2025. The scrutinizer's report was prepared by CS Rachana Shanbhag, Partner at M/s D.A Kamat & Co., confirming the validity and transparency of the voting process.

Corporate Governance Impact

These approved changes reflect Arihant Superstructures' commitment to strengthening its corporate governance framework and operational efficiency. The appointment of an experienced independent director, enhanced registrar services, and new statutory auditors are expected to improve the company's governance standards and shareholder services quality. The high voting participation rate of 76.34% demonstrates strong shareholder engagement in corporate decision-making processes.

Arihant Superstructures Limited (ASL), a prominent real estate developer in the Mumbai Metropolitan Region (MMR) and Jodhpur, has announced its financial results for the second quarter of fiscal year 2026, showcasing resilience in the face of challenging weather conditions.

Financial Highlights

For Q2 FY26, ASL reported:

• Operating revenue of INR 1,227.00 million, up 9.7% year-over-year (YoY)
• EBITDA of INR 299.00 million, with a margin of 24.37%
• Profit After Tax (PAT) of INR 100.00 million, representing an 8.15% PAT margin
• Earnings Per Share (EPS) of INR 1.41

The company's performance was impacted by heavy and extended monsoons during the quarter, which slowed project execution and affected earnings.

Operational Performance

Despite the weather-related challenges, ASL demonstrated strong sales performance:

• Pre-sales reached INR 2,358.00 million
• 280 units sold, covering 289,036 square feet of area
• Collections totaled INR 1,110.00 million during the quarter

Project Updates

ASL continues to expand its portfolio and make progress on existing projects:

• Acquired 5 acres of additional land at Chowk Manival for the Town Villas project
• Received occupancy certificate for Arihant Amisha Phase 2, covering 134 units
• Obtained environmental clearance for World Villas, Anaika, and Arihant Avanti Palace projects

Corporate Actions

The company has also undertaken several significant corporate actions:

1. Change in Statutory Auditors: The Board has appointed M/s K J K & Associates (FRN: 112159W) as the new Statutory Auditors, replacing M/s. Ummed Jain & Co.

2. New Registrar and Share Transfer Agent: KFin Technologies Limited has been appointed as the new RTA, replacing Adroit Corporate Services Private Limited.

3. Committee Reconstitution: The Board has reconstituted various committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee.

4. Stock Split Consideration: The Board has deferred the agenda item regarding a potential stock split/sub-division of equity shares, pending further analysis and reports from proxy advisory firms.

Market Position

ASL maintains a strong presence in the MMR real estate market:

• 19 ongoing projects across MMR and Jodhpur
• Gross development value of INR 125,000.00 million
• 75% of projects located within 10 to 30 minutes from the upcoming Navi Mumbai International Airport

Management Commentary

Ashok Chhajer, Chairman and Managing Director of ASL, commented on the results: "With the Navi Mumbai International Airport getting set for commercial flight operations in December 2025, we are already witnessing a shift of demand towards Navi Mumbai, especially the micro-markets closer to the Airport. Despite flat sales in Mumbai MMR in the last 6 months, Navi Mumbai was a bright spot with its market share increasing to 18% from 13% YoY."

He added, "The heavy & extended monsoons this quarter slowed down the execution of projects which reflected a tepid Q2 earnings. However, our Gross Development Value (GDV) remains a strong indicator of future revenue potential."

As Arihant Superstructures navigates through these challenges, the company remains focused on its diverse project portfolio and strategic land acquisitions, positioning itself for potential growth as market conditions improve.