Arvind SmartSpaces Limited
Arvind Smarspaces Ltd was incorporated as "Arvind Infrastructure Limited" in 2008 in Ahmedabad as a wholly-owned subsidiary of Arvind Limited. The company was incorporated with the objective of doing a real estate/infrastructure development business.Arvind Smartspaces is the real estate arm of the Lalbhai Group, a $2 billion dollar conglomerate. ASL is currently executing 9 projects through its own land, JVs and…
What Arvind files
- Others98
- Investor Meet51
- Updates21
- Important13
- Board Meeting12
- QIP/Rights/Pref.6
Arvind SmartSpaces secured its largest Mumbai high-rise project with ~Rs. 2,400 Cr top-line potential via a new partnership. Its subsidiary acquired 49% in the project entity for Rs. 49,000. ASL also sold 13% of this subsidiary for Rs. 13,000, retaining 87% ownership.
Arvind SmartSpaces' ESOP Trust acquired 4.58 lakh shares (~1% equity) via secondary market, enabling cashless employee benefits without shareholder dilution. This follows promoters increasing their stake by ~4% to ~53.83%, signaling strong conviction.
Arvind SmartSpaces Limited has informed the Exchange regarding 'Submission Trust Deed'.
Company clarified ESOP terms. Following proxy advisor feedback, 1 lakh new and future lapsed options will be granted at market price. This enhances alignment between employee incentives and investor interests, preventing issuance at significant discounts.
Arvind SmartSpaces Limited has informed the Exchange about General Updates