Arvind Limited has announced a key managerial personnel change with the resignation of Mr. Krunal Bhatt from his position as Company Secretary & Compliance Officer. The announcement was made in compliance with Regulation 30 of the Listing Regulations and SEBI Master Circular guidelines.

Resignation Details

The resignation details have been formally disclosed as required under regulatory frameworks:

Official Communication

Mr. Krunal Bhatt submitted his formal resignation letter to the Board of Directors, stating his intention to pursue career opportunities outside the organization. In his resignation letter, he expressed gratitude to the Board of Directors and Senior Management for their support during his tenure with the company.

The resignation letter specifically requested relief from duties at the earliest, while the company has indicated that the transition will be managed in due course of time to ensure proper handover of responsibilities.

Regulatory Compliance

The announcement follows the prescribed format under Regulation 30 of the Listing Regulations, which mandates disclosure of changes in Key Managerial Personnel. The company has provided all required details including the nature of change, effective date, and relevant professional credentials of the departing officer.

As per the regulatory disclosure, no brief profile or relationship disclosures were applicable given the nature of this personnel change. The company maintains its registered office at Naroda Road, Ahmedabad, Gujarat, and continues to operate under CIN: L17119GJ1931PLC000093.

Arvind Smartspaces has announced a significant management restructuring with the appointment of Priyansh Kapoor as the new Chief Executive Officer. Kulin Lalbhai will continue in his role as vice-chairman, ensuring leadership continuity during this transition period.

Leadership Transition and Strategic Focus

The management change represents a strategic shift in the company's operational approach, with emphasis on enhancing efficiencies and streamlining processes. The new leadership structure aims to reduce the time lag between project announcements and actual launches, potentially accelerating the company's development timeline.

Growth Projections and Pipeline

Despite the management transition, Arvind Smartspaces has maintained its ambitious growth targets for the upcoming fiscal year. The company has reaffirmed its FY26 pre-sales growth guidance, projecting expansion of 30-35 percent.

Market Expansion Strategy

The company expects strengthened momentum across sales, collections, and execution in the second half of the fiscal year. New projects across multiple key markets are scheduled to come online, supporting the growth trajectory. The expansion covers major metropolitan areas including:

• Ahmedabad
• Vadodara
• Mumbai Metropolitan Region (MMR)
• Bengaluru

Financial Strategy and Outlook

Arvind Smartspaces continues to prioritize asset-light expansion and capital-efficient growth models. The management has expressed confidence in sustained cash generation capabilities while maintaining disciplined capital allocation practices. The company's tri-city-led model and ongoing organizational transformation are expected to enable significant project scale-up opportunities.

Analysts have valued the company at 5.5x FY28E Pre-sales/EBITDA, maintaining a BUY recommendation with a target price of ₹740 against the current market price of ₹599.15.