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.

Arvind SmartSpaces Limited (ASL), a prominent player in India's real estate sector, has announced a significant expansion of its portfolio in Ahmedabad. The company has added a new premium residential high-rise project to its portfolio, marking its re-entry into West Ahmedabad's premium apartment segment after more than a decade.

Project Details

Strategic Significance

This addition represents ASL's 24th project in Gujarat, underlining the company's strong presence and continued growth in the state. The move into Vastrapur, one of West Ahmedabad's most established premium residential micro-markets, demonstrates ASL's strategic focus on high-potential areas.

Market Position

The project's location offers several advantages:

• Well-developed social and civic infrastructure
• Excellent connectivity to major parts of the city
• Proximity to metro corridors
• Access to educational institutions and healthcare facilities
• Close to business hubs like Navratan Business Park and Pinnacle Business Park
• Near popular spots such as IIM Ahmedabad, Vastrapur Lake Garden, and Nexus Ahmedabad One Mall

Company's Perspective

Priyansh Kapoor, CEO and Whole Time Director of Arvind SmartSpaces, expressed enthusiasm about the acquisition, stating, "Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in West Ahmedabad."

Future Outlook

ASL remains optimistic about the premium residential market and plans to add new projects across Gujarat, Bengaluru, and MMR (Mumbai Metropolitan Region) during the remainder of the year. This new project aligns with the company's growth strategy and reinforces its commitment to delivering premium residential projects in high-potential markets.

The addition of this premium residential project in Ahmedabad reflects the company's confidence in the real estate market and its ability to identify and capitalize on lucrative opportunities. As the real estate sector continues to evolve, strategic expansions like this one could play a crucial role in shaping the competitive landscape and meeting the growing demand for high-quality residential spaces in key urban centers.