Arihant Superstructures Limited — Capital/Financing Update 2024

Jan 2, 2024

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02[nd] January, 2024

Corporate Relations Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Mumbai - 400 001 Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051 Scrip Code: 506194 Symbol: ARIHANTSUP Class of Security: Equity Series: EQ

Sub: Public Announcement- Media Release titled as “Arihant Superstructures Ltd adds new Plotted Development project in Navi Mumbai spread across 118 Acres ”. Ref: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

We are attaching herewith a copy of Media Release dated 02[nd] January, 2024, being issued by the Company titled as “Arihant Superstructures Ltd adds new Plotted Development project in Navi Mumbai spread across 118 Acres ”.

You are requested to bring this to the notice of all concerned.

Thanking you, Yours faithfully, For and on behalf of the Board of Directors Arihant Superstructures Limited

Digitally signed by Ashokkumar Ashokkumar Bhanwarlal Bhanwarlal Chhajer Chhajer Date: 2024.01.02 14:53:33 +05'30'

Ashokkumar Chhajer Chairman & Managing Director DIN: 01965094 Encl.: As above

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Arihant Superstructures Ltd adds new Plotted Development project in Navi Mumbai spread across 118 Acres

The Project is located at Chowk, Off Old Mumbai-Pune Highway near Panvel

2[nd] January, 2024: Arihant Superstructures Ltd (ASL), one of the Largest Real Estate Developers in MMR Region announces the signing of a new Low-rise township project spread across 118 acres at Chowk, Off Old Mumbai-Pune Highway near Panvel, Navi Mumbai. It falls under the Navi Mumbai Airport region of “Mumbai 3.0” and is a 25-minute drive from the upcoming Navi Mumbai International Airport & MTHL Sea Link which connects to South Mumbai.

The project is being acquired partly on outright basis and partly in a Joint-Venture transaction. The total development potential is estimated at 2 million sq. ft.

The subject property is located at less than 500 meters from the Chowk Railway Station which forms to be an integral part of the developing Panvel- Karjat Railway Corridor.

Navi Mumbai-MMR is one of the fastest growing Real Estate markets in India with multi-fold growth in infrastructure projects such as MTHL, Navi Mumbai International Airport, SEZs, Industrial Parks, Corporate Parks which are expected to add 1 million jobs, leading to growing requirement for residential units.

Commenting on this development, Mr. Ashok Chhajer, CMD, Arihant Superstructures Ltd said : “Our diversification into horizontal developments over the last 1 year is going to increase our offering base across MMR. With key infrastructure projects like MTHL nearing completion, the City of Navi Mumbai is poised for exponential growth. With this acquisition the company will enhance its portfolio into Horizontal Developments which is the new trend in Residential format. With this our total land bank set to cross 335+ acres and our estimate projects surrounding the Navi Mumbai International Airport & MTHL would total to a gross development potential of 12 million sq. ft. The due-diligence is underway for the new acquisition and we expect to complete the transaction within 6 months.”

About Arihant Superstructures:

Established in 1994, Arihant Superstructures Ltd (ASL) is one of the largest Real Estate Developers in MMR & Jodhpur, Rajasthan. ASL has created a niche for itself an as industry benchmark for quality, customer focus, robust engineering, uncompromising business ethics and strong capability to carryout end-to-end operations. The company is developing 16 million. Sq. ft. of projects spread across Affordable, Mid-Income & Luxury housing segment. The company has plans to continue the strong growth momentum and deliver value to all stakeholders.

For further information, please contact: Dhiraj Jopat Chief Financial Officer Tel: 9923985850 Email: cfo@asl.net.in

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