Arihant Superstructures Limited

Arihant Superstructures Limited has announced that its Board of Directors will convene on November 3, 2026, at 12:00 PM. The primary agenda item is the consideration and approval of the unaudited standalone and consolidated financial statements for the quarter and half-year ended September 30, 2026. Concurrently, the trading window for the company's shares, which was closed from October 1, 2026, will remain closed for 48 hours following the declaration of these financial results.

Arihant Superstructures Ltd has successfully redeemed 70,00,000 Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures (NCDs) - India Real Estate Investment Fund Series - 2. The total redemption amount was ₹70,00,00,000/- (Rupees Seventy Crores). This action was carried out in accordance with the terms of the Debenture Trust Deed dated April 02, 2024. A No Due Certificate from IDBI Trusteeship Services Limited and a No Objection from the Debenture Holder, India Real Estate Investment Fund Series 2 (managed by ICICI Prudential Asset Management Company Limited), have been obtained, confirming the full and final repayment and facilitating the release of associated security.

Arihant Superstructures Ltd has announced the reconstitution of its Board Committees, effective October 23, 2026. This reconstitution includes the induction of Mr. Pradeep Mehta as an Additional Director, categorized as Non-Executive and Independent, into several key committees. The changes impact the Audit Committee, Nomination & Remuneration Committee, Stakeholder and Relationship Committee, CSR Committee, Risk Management Committee, Executive Committee, Disinvestment Committee, and TCWG Committee. Mr. Mehta's appointment brings new dynamics to the composition and leadership of these crucial oversight and governance bodies within the company.

Arihant Superstructures Ltd has appointed Mr. Pradeep Mehta as an Additional Director, categorized as Non-Executive and Independent. This appointment is effective from October 23, 2026, for a term of five consecutive years, subject to shareholder approval. Mr. Mehta is a Chartered Accountant with over 30 years of experience in financial leadership, corporate governance, and strategic management, having previously held senior finance positions in listed and multinational companies. He is not related to any existing director and is not debarred from holding a directorship.

Arihant Superstructures Ltd has appointed Mr. Pradeep Mehta as an Additional Director, categorized as Non-Executive and Independent. This appointment is effective from October 23, 2026, for a term of five consecutive years, subject to shareholder approval. Mr. Mehta is a Chartered Accountant with over 30 years of experience in financial leadership, corporate governance, and strategic management across various listed and multinational organizations. He is not related to any existing director and is not debarred from holding a directorship.

Mr. Pramod Deshpande has resigned as an Independent Director of Arihant Superstructures Ltd, effective October 22, 2026, citing personal reasons and commitments. He will also cease to hold positions as Chairperson of the Nomination Remuneration Committee and a Member of the Audit Committee and Stakeholder Relationship Committee. His resignation also impacts his directorships in several subsidiaries, including Arihant Gruhnirman Private Limited, Arihant Vatika Realty Private Limited, Arihant Aashiyana Private Limited, Dwellcons Private Limited, and Arihant Abode Limited. Mr. Deshpande confirmed no other material reasons exist for his departure.

Mr. Pramod Deshpande has resigned as an Independent Director of Arihant Superstructures Ltd, effective October 22, 2026, due to personal reasons. He will also cease to hold positions as Chairperson of the Nomination Remuneration Committee and a Member of the Audit Committee and Stakeholder Relationship Committee. His resignation also impacts his directorships in several subsidiaries of the company, including Arihant Gruhnirman Private Limited, Arihant Vatika Realty Private Limited, Arihant Aashiyana Private Limited, Dwellcons Private Limited, and Arihant Abode Limited. Mr. Deshpande confirmed no other material reasons exist for his departure.

Arihant Superstructures Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The trading window will commence on October 01, 2026, and will remain closed until 48 hours after the financial results for the quarter and half-year ended September 30, 2026, become publicly available. Designated persons, including directors, KMPs, employees, and connected persons, have been advised against trading in the company's securities during this period.

Arihant Superstructures Limited's wholly owned subsidiary, Dwellcons Pvt. Ltd., has signed a hotel operating agreement with ITC Hotels Ltd. for a luxury hotel under the 'Mementos by ITC Hotels' brand. Located at the World Villas project in Chowk, Mumbai 3.0, the hotel will feature 227 rooms and 44 suites, along with extensive banqueting facilities. The project, spread across 10 acres within a 90-acre development, is expected to be completed in three years. Upon operational maturity, the hotel is projected to generate annual revenues of ₹150-200+ crores with a 45% operating margin, establishing a long-term annuity income stream and enhancing the overall asset valuation of the World Villas project.

Arihant Superstructures Ltd announced key management changes approved by shareholders at its 43rd Annual General Meeting. Mr. Nimish Shah was re-appointed, while Mr. Parth Chhajer and Mr. Bhavik Chhajer have been elevated to Joint Managing Director positions. Additionally, Dr. Raghuveer Singh Rajpurohit's appointment as a non-executive Independent Director was regularized. These changes are effective following shareholder approval at the AGM held on September 24, 2026.