Arvind SmartSpaces Limited — Board/Management Information 2025

Nov 3, 2025

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3[rd] November, 2025

To,

BSE Limited

Lis�ng Dept. / Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

To,

Na�onal Stock Exchange of India Limited Lis�ng Dept., Exchange Plaza, 5[th] Floor, Plot No. C/1, G. Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.

Security Code: 539301 Symbol: ARVSMART Security ID : ARVSMART

Dear Sir/Madam,

Sub: In�ma�on of change in Directors & KMP pursuant to Regula�on 30 of SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�on, 2015.

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Pursuant to Regula�on 30 of SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�on, 2015 (“SEBI LODR Regula�ons”), we inform you that the Board of Directors of the Company at its mee�ngs held today i.e. 3[rd] November, 2025:

1. has taken on record the request received from Mr. Sanjay S. Lalbhai (DIN: 00008329) vide his le�er dated 3rd November, 2025 conveying his inten�on to step down from the posi�on of Chairman & Non-Execu�ve Director of the Company w.e.f. 3rd November, 2025, as part of the Company’s succession planning process; and

2. has appointed and designated Mr. Kulin S. Lalbhai - Vice-Chairman and Non-Execu�ve Director of the Company as Chairman of the Board and the Company w.e.f. 3rd November, 2025, with a view to ensuring con�nuity in leadership and the sustained growth of the organiza�on.

In this regard, we are a�aching herewith a copy of Press Release dated 3[rd] November, 2025, being issued by the Company �tled as “Sanjay Lalbhai to Step Down from the board of Arvind SmartSpaces Limited”.

We further inform you that upon recommenda�on of Nomina�on and Remunera�on Commi�ee and Audit Commi�ee, the Board of Directors of the Company at its mee�ngs held today i.e. 3[rd] November, 2025 has:

1. appointed Mr. Prashant Das (DIN: 03440571) as an Addi�onal Director in the capacity of Independent Director of the Company to hold office for a term of five consecu�ve years w.e.f. 3[rd] November, 2025 to 2[nd] November, 2030, subject to requisite approval of members of the Company;

2. appointed Mr. Punit S. Lalbhai (DIN: 05125502), as an Addi�onal Director in the capacity of Non-Execu�ve Director of the Company w.e.f. 3[rd] November, 2025, subject to requisite approval of members of the Company;

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1. appointed Mr. Amit Chamaria as Chief Financial Officer and Key Managerial Personnel (CFO & KMP) of the Company;

The relevant details with respect to the above, prescribed under Clause 7 of Para A of Part A of Schedule III of the SEBI Lis�ng Regula�ons read with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024 are enclosed as Annexure - I.

Kindly take the same on your records.

Thanking you, Yours faithfully,

For Arvind SmartSpaces Limited

Digitally signed by PRAKASH PRAKASH BHOGIBHAI MAKWANA BHOGIBHAI MAKWANA Date: 2025.11.03 17:22:02 +05'30'

Prakash Makwana Company Secretary

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Encl.: As above

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Press Release

Kulin Lalbhai elevated as Chairman of Arvind SmartSpaces Limited

Ahmedabad, November 03, 2025: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, today announced that Mr. Sanjay Lalbhai will step down from the Board of Directors of the company, effec�ve November 03, 2025. The board also approved the appointment of Mr. Kulin Lalbhai as the Chairman of the Company.

Mr. Sanjay Lalbhai has played a pivotal role in shaping the strategic direc�on of ASL since its incep�on, contribu�ng to its growth and reputa�on as a trusted name in the real estate sector. His vision and leadership have been instrumental in establishing ASL’s strong founda�on and values.

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Commen�ng on the announcement, Sanjay Lalbhai said, “It has been an honor to serve on the Board of Arvind SmartSpaces and witness its journey from incep�on to becoming a trusted real estate brand. I am grateful to our team for their commitment and to our customers and stakeholders for their unwavering support. As a part of the company’s succession planning process and with a view to ensuring con�nuity in leadership I have decided to step down from the posi�on of Chairman and Non-Execu�ve Director of the company. We are well-posi�oned for the future, and I am confident that Kulin and the management team will con�nue to create sustainable, long-term value for all.”

Following this transi�on, Mr. Kulin Lalbhai, currently serving as Vice Chairman, will assume the role of Chairman of the company. With his deep understanding of the business and proven leadership capabili�es, Mr. Kulin Lalbhai is well-posi�oned to steer ASL into its next phase of growth and innova�on.

Kulin Lalbhai, Chairman, Arvind SmartSpaces, said, “I want to thank my father for being the inspira�on behind all that we have achieved at Arvind Smartspaces. It is his vision and mentorship that have led us to become one of the fastest growing companies in the real estate space. As we enter a new phase of growth, I look forward to work with Mr Kamal Singal, Mr. Priyansh Kapoor and the en�re team to build on this strong founda�on and drive the company forward with purpose and ambi�on.”

About Arvind Smartspaces:

Built on ~120 years old legacy of the Lalbhai Group, and established in year 2008, Arvind SmartSpaces is India’s leading real estate development Company headquartered in Ahmedabad. With approximately 108 million square feet of real estate development across the country, the company is focused on delivering real estate solu�ons that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bengaluru, MMR and Pune. Backed by the strong brand name of the Arvind Group and the credibility achieved through already delivered projects, the company has plans to con�nue the strong growth momentum and deliver value to all stakeholders.

For more informa�on, please contact:

Ya�n Padia, Group Head – Corporate Communica�ons, Arvind Ltd Mobile: 9833010098, Email: ya�n.padia@arvind.in

Vikram Rajput, Head – Business Development MMR, Investor Rela�ons - Arvind SmartSpaces Limited Mobile: +91 9607996930, Email: vikram.rajput@arvind.in

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Annexure - I

Details under Regula�on 30 of SEBI Lis�ng Regula�ons read with SEBI Master Circular No. EBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024:

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Particulars	Mr. Sanjay S. Lalbhai - Chairman and Non-Executive Director
Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise;	Cessation of as part of the Company’s succession planning process.
Date of appointment / reappointment / cessation (as applicable) & term of Appointment /re-appointment;	Date of Cessation:3rdNovember, 2025.
Briefprofile(in case of appointment)	Not Applicable
Disclosure of relationships between directors (in case of appointment of a director)	Not Applicable
Declaration as required pursuant to BSE Circular with Ref. No. LIST/ COMP/14/ 2018-19 and the National Stock Exchange of India Ltd with Ref. No. NSE/CML/2018/24, dated 20th June, 2018.	Not Applicable

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Details under Regula�on 30 of SEBI Lis�ng Regula�ons read with SEBI Master Circular No. EBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024:

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Particulars	Mr. Prashant Das (Additional Director in the capacity of Independent Director)	Mr. Punit S. Lalbhai (Additional Director in the capacity of Non-Executive Director)
Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise;	Appointment	Appointment
Date of appointment / reappointment / cessation (as applicable) & term of Appointment / re-appointment;	Date of Appointment: 3rdNovember, 2025. Term of Appointment: Appointed as an Additional Director in the capacity of Independent Director of the Company to hold office for a term of five consecutive years w.e.f. 3rdNovember, 2025 to 2ndNovember, 2030, subject to requisite approval of members of the Company.	Date of Appointment: 3rdNovember, 2025. Term of Appointment: Appointed as an Additional Director in the capacity of Non-Executive Director of the Company w.e.f. 3rdNovember, 2025, subject to requisite approval of members of the Company.
Brief profile (in case of appointment)	Prashant Das, PhD is Chairperson of the Finance & Accounting area and Associate Professor of Real Estate at IIM Ahmedabad. Formerly, he was Associate Professor and Director of the Real Estate Institute at EHL Lausanne, Switzerland. He serves on the board of GREMI University (Ahmedabad) and XISS (Ranchi). At IIMA, he developed the Indian Agri Land Price Index (ISALPI) and the Indian Art Price Index (IAIAI). He has taught as a guest faculty at Harvard University, University of California–Irvine, and University of Melbourne, and served as visiting faculty at ASE Bucharest and Beijing Hospitality Institute. He has served on several consulting/advisory roles internationally and is invited to speak on international and national-level forums. He frequently contributes to print and electronic media.	Mr. Punit Lalbhai is the Vice Chairman of Arvind Ltd. He is responsible for the Group’s Textile, Engineering, Technical Textile and Environmental businesses. He has driven the company’s entry and growth in technical textiles and advanced materials, which has become Arvind’s fastest growing segment. Arvind is now globally recognized for its Human Protection Garments, Industrial Fabrics, and Glass & Carbon Composite Products. Punit has also been involved with the growth of Anup Engineering – a capital goods manufacturing company – and that of Arvind Envisol – an up-and-coming waste-water treatment company. He also serves as the Chairman of the CII committee on Technical Textiles and is a governing council of ATIRA. Mr. Punit Lalbhai has overseen the transformation of Arvind into becomingone of the world’s most

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	Dr. Das has published 30+ research papers, 15 cases, and three books. His work has earned 12 international research awards, two teaching excellence awards, and two Best Paper Awards from the Journal of Real Estate Research (USA). Twice, he received the Practitioner Research Award from the American Real Estate Society. His research spans commercial real estate private equity, REITs, MBS, hotels, and sustainability. He holds a PhD in Real Estate (Georgia State University), Master’s in Land Development (Texas A&M University), and bachelor’s in architecture from IIT Roorkee.	environmentally sustainable textile companies. Through these efforts, Arvind has achieved 100% water circularity and neutrality for its textile manufacturing, and has almost reached 50% usage of renewable energy. It has pioneered the growing of sustainable cotton and currently partners with 100,000 farmers. Punit has served on several international boards that drive thought leadership in environmental sustainability. He was part of the inaugural board of the Sustainable Apparel Coalition, serves on the board of the Organic Cotton Accelerator, and is the current Chair of the Apparel Impact Institute. Punit is passionate about higher education. He is active in the Ahmedabad Education Society and is on the board for both Ahmedabad University and CEPT University. Punit is also deeply involved with Arvind’s Gyanada program which works to provide better education and opportunities to Ahmedabad’s Municipal School Children in collaboration with the School Board. Punit received his Bachelor’s degree in Conservation Biology from University of California, Davis, and his Masters in Environmental Science from Yale University. He also has an MBA from INSEAD, France. Punit has been a Heartfulness Meditation practitioner since 1998 and a trainer of the system since 2012.
Disclosure of relationships between directors (in case of appointment of a director)	Mr. Prashant Das is not related to any director of the Company.	Mr. Punit S. Lalbhai is son of Mr. Sanjay S. Lalbhai and brother Mr. Kulin S. Lalbhai.
Declaration as required pursuant to BSE Circular with Ref. No. LIST/COMP/14/	Mr. Prashant Das is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.	Mr. Punit S. Lalbhai is not debarred from holding the office of director by virtue of any SEBI order or any other such authority

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2018-19	and	the
National	Stock
Exchange	of India	Ltd
with	Ref.	No.
NSE/CML/2018/24,
dated 20th	June, 2018.

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Details under Regula�on 30 of SEBI Lis�ng Regula�ons read with SEBI Master Circular No. EBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024:

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Particulars	Mr. Amit Chamaria Chief Financial Officer and Key Managerial Personnel (CFO & KMP)
Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise;	Appointment
Date of appointment / reappointment / cessation (as applicable) & term of Appointment /re-appointment;	Date of Appointment:3rdNovember, 2025. Term of Appointment:Not Applicable
Brief profile (in case of appointment)	Mr. Amit Chamaria is a Chartered Accountant and an accomplished finance professional with over two decades of experience in corporate finance, strategy, and operations across IT, FMCG, Ag-tech, food processing, and manufacturing sectors. He began his career with Infosys Technologies, where he gained strong foundational exposure to global finance processes and technology-led efficiency frameworks. He subsequently held senior leadership positions in reputed organizations, including Innoterra, a global agri-food enterprise, where he was instrumental in strengthening financial controls, shaping organization strategy and driving business transformation. Prior to this appointment, Mr. Chamaria served as the Chief Financial Officer of HyFun AgriLink, where he successfully led large-scale financial and digital transformation, business expansion, and governance initiatives. His areas of expertise include financial planning, risk management, cost optimizations, fund raising, mergers and acquisitions, and capital structuring. Mr. Chamaria brings with him extensive leadership experience and a proven track record of aligning financial strategies with business objectives to deliver sustainable growth and long-term value.
Disclosure of relationships between directors (in case of appointment of a director)	Not Applicable
Declaration as required pursuant to BSE Circular with Ref. No. LIST/ COMP/14/ 2018-19 and the National Stock Exchange of India Ltd with Ref. No. NSE/CML/2018/24, dated 20thJune,2018.	Not Applicable

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