Arvind SmartSpaces Limited has announced the acquisition of a new residential high-rise project in Whitefield, Bengaluru, with significant revenue potential. The project represents a strategic expansion in one of the city's most sought-after residential markets.

Project Details and Specifications

The newly acquired project demonstrates substantial scale and market positioning:

The project is strategically located in Whitefield, which has evolved into a premier residential and commercial hub over the past decade. The area continues to attract strong demand from professionals and families seeking premium living spaces, driven by its proximity to major IT parks, global corporations, and thriving social infrastructure.

Strategic Portfolio Expansion

This acquisition marks a significant milestone in the company's Bengaluru operations:

• Ninth high-rise project in Bengaluru for Arvind SmartSpaces
• Second acquisition in Whitefield following the ITPL road high-rise project
• Part of the company's 13 total projects across the Bengaluru region

The company entered the Bengaluru market in 2013 and has since established a strong presence with six projects already delivered and seven in various stages of development or pre-launch.

Management Commentary

Mr. Priyanshu Kapoor, CEO and Whole Time Director of Arvind SmartSpaces, emphasized the strategic importance of this acquisition. He highlighted that this represents the company's second acquisition in Whitefield, one of Bengaluru's most premium residential real estate markets. The project aligns with their strategic vision to deliver premium developments in high-demand micro-markets, ensuring sustained end-user interest and strong value creation.

Company Background and Market Position

Arvind SmartSpaces operates with a strong foundation built on the 128-year legacy of the Lalbhai Group. Established in 2008 and headquartered in Ahmedabad, the company has developed 109 million square feet of real estate across the country. The company maintains real estate developments across multiple key markets including Ahmedabad, Gandhinagar, Bengaluru, MMR, and Pune.

The management indicated plans to continue adding new projects across Gujarat, Bengaluru, and MMR during the remainder of the year, demonstrating ongoing expansion momentum in key metropolitan markets.

Arvind SmartSpaces Limited has granted 1,55,000 stock options to eligible employees under its Employee Stock Option Plan 2016, as disclosed to the stock exchanges on December 11, 2025. The grant was approved by the company's Nomination and Remuneration Committee on December 10, 2025, under Grant-December 2025.

ESOP Grant Details

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

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.

Vesting and 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 ₹592.35 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.