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…
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Arvind SmartSpaces' material subsidiaries have appointed M/s. Walker Chandiok & Co LLP as their new Statutory Auditors. This change follows the resignation of previous auditors and ensures continued financial oversight for these key entities, pending shareholder approval for a 5-year term.
Arvind SmartSpaces has dispatched Annual Report links and AGM notices to shareholders without registered emails. The 18th Annual General Meeting will be held virtually, allowing members to transact business and participate in e-voting. Shareholders can pre-register to speak.
Arvind SmartSpaces delivered record Q1, with bookings up 147% to ₹432 Cr and PAT reaching ₹97 Cr. New business includes a Mumbai project with ₹2,400 Cr revenue potential. Credit rating upgraded to AA-/Stable, boosting financial flexibility for future expansion.
Arvind SmartSpaces secured a new residential development project in South Ahmedabad, a joint venture with an estimated top-line potential of ~Rs. 180 crore. The 58.25-acre project adds 2.5 mn sq ft of saleable area, capitalizing on strong regional demand.
Arvind SmartSpaces acquired a new high-rise project in Bengaluru, targeting ~Rs. 330 Cr in top-line potential across 2.5 lakh sq. ft. This is its third Bengaluru project this year, boosting cumulative annual new business development potential to ~Rs. 2,840 Cr.