Arvind SmartSpaces Limited — Capital/Financing Update 2020

Dec 10, 2020

Sr.		Particulars	Description
No.
a)	Details and reasons for restructuring;		Subsidiary involved in restructuring:
			Arvind Five Homes LLP ("Homes LLP")
			Type of restructuring: Admission of new partners in Homes LLP
			("Land Partners").
			Reasons: Asper thecurrentbusinessmodel, the Arvind
			SmartSpaces Limited ("the Company") normally acquires land
			inits ownname or in the name of wholly owned subsidiaries/
			joint venture LLPs and the projects are generally executed
			directly by the Company or through the said subsidiaries or
			LLPs. In Homes LLP, the land is being contributed by Land
			Partners as per the Restated LLP Agreement. The structure
			provides for ownership model for the land contributors, which
			makes it more attractive for land-owners to bring in their
			propertiesforjointdevelopmentforadministrative
			convenience.
b)	Quantitative and/ or qualitative effect		Homes LLP was a wholly owned subsidiary of the Company
	of restructuring		with initial fixed capital contribution of Rs. 1,00,000/- (Rupees
			One Lakh Only) by the Company alongwith another wholly
			owned subsidiary of the Company.
			Pursuant to the restructuring through introduction of Land
			PartnersinHomesLLPtheCompanyshallwithdraw
			Rs.48,000/- fromitsinitial fixedcapitalcontributionand
			accordingly the contribution from the Company alongwith its
			wholly owned subsidiary shall stand revised to Rs. 52,000/-
			(Rupees Fifty Two Thousand Only) and Rs. 48,000/- (Rupees
			Forty Eight Thousand Only) shall be contributed by the Land
			Partners. The new Land Partners shall also contribute various
			land parcels as their capital contribution as per the business
			plan and Restated LLP Agreement.
c)	Detailsofbenefit,ifany,tothe		Nil.
	promoter / promoter group / group
	companies	fromsuchproposed
	restructuring
d)	Brief details of change in shareholding		Pursuant to the restructuring, Homes LLP shall not remain a
	pattern (if any) of all entities.		wholly owned subsidiary of the Company. The Company's
			shareholding in Homes LLP shall stand reduced to 52 percent.
			...-----
Arvind Smartspaces Limited
Regd. Office : 24. Government Servant Society.
Near Municipal Market Off C. G. Road.
Navrangpura. Ahmedabad.		380 009. India
Tel.: +91 79 68267000 Fax: +91 79 68267021CIN: L45201G.12008PLC055771			1214