Arvind SmartSpaces Limited has granted 1,00,000 stock options to eligible employees under its Employee Stock Option Plan 2016, as disclosed to the stock exchanges on January 7, 2026. The grant was approved by the company's Nomination and Remuneration Committee on January 7, 2026, under Grant-January 2026.

ESOP Grant Details

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

Vesting Schedule

The granted stock options follow a structured vesting timeline spread over five years:

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.

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 ₹587.05 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.

Arvind SmartSpaces Limited , a prominent player in India's real estate sector, has issued a postal ballot notice dated November 3, 2025, seeking shareholder approval for key director appointments. The company previously announced significant leadership changes alongside its financial results for the second quarter of fiscal year 2026.

Postal Ballot Notice and Voting Schedule

The company has formally notified BSE Limited and National Stock Exchange of India Limited about the postal ballot process for director appointments. The voting schedule has been structured as follows:

Director Appointments Seeking Approval

Shareholders will vote on two key resolutions:

1. Special Resolution: Appointment of Mr. Prashant Das (DIN: 03440571) as an Independent Director
2. Ordinary Resolution: Appointment of Mr. Punit S. Lalbhai (DIN: 05125502) as a Non-Executive Director

Both directors were initially appointed to the board on November 3, 2025, and now require formal shareholder approval.

Director Profiles and Expertise

Mr. Prashant Das - Proposed Independent Director

Mr. Punit S. Lalbhai - Proposed Non-Executive Director

Previous Leadership Transition

The postal ballot follows earlier announced leadership changes where Sanjay S. Lalbhai stepped down as Chairman, with Kulin S. Lalbhai elevated to Chairman of the Board. The company also appointed Amit Chamaria as the new Chief Financial Officer as part of its succession planning process.

Financial Context

For the quarter ended September 30, 2025, Arvind SmartSpaces reported consolidated revenue from operations of ₹14,051.19 crore compared to ₹26,558.10 crore in the same quarter of the previous year, representing a 47.09% decline. Net profit after tax decreased by 62.32% to ₹1,601.92 crore from ₹4,251.84 crore year-on-year.

The postal ballot process represents a crucial step in the company's governance structure enhancement, with both proposed directors bringing significant expertise in real estate, finance, and sustainable business practices to strengthen the board's capabilities.