Stock Report

Kulin Lalbhai elevated as Chairman of Arvind SmartSpaces Limited

Posted On : 2025-11-04 00:11:51( TIMEZONE : IST )

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, effective 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 direction of ASL since its inception, contributing to its growth and reputation as a trusted name in the real estate sector. His vision and leadership have been instrumental in establishing ASL's strong foundation and values.

Commenting on the announcement, Sanjay Lalbhai said, "It has been an honor to serve on the Board of Arvind SmartSpaces and witness its journey from inception 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 continuity in leadership I have decided to step down from the position of Chairman and Non-Executive Director of the company. We are well-positioned for the future, and I am confident that Kulin and the management team will continue to create sustainable, long-term value for all."

Following this transition, Mr. Kulin Lalbhai, currently serving as Vice Chairman, will assume the role ofChairman of the company. With his deep understanding of the business and proven leadership capabilities, Mr. Kulin Lalbhai is well-positioned to steer ASL into its next phase of growth and innovation.

Kulin Lalbhai, Chairman, Arvind SmartSpaces, said, "I want to thank my father for being the inspiration 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 entire team to build on this strong foundation and drive the company forward with purpose and ambition." 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 direction of ASL since its inception, contributing to its growth and reputation as a trusted name in the real estate sector. His vision and leadership have been instrumental in establishing ASL's strong foundation and values.

Commenting on the announcement, Sanjay Lalbhai said, "It has been an honor to serve on the Board of Arvind SmartSpaces and witness its journey from inception 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 continuity in leadership I have decided to step down from the position of Chairman and Non-Executive Director of the company. We are well-positioned for the future, and I am confident that Kulin and the management team will continue to create sustainable, long-term value for all."

Following this transition, Mr. Kulin Lalbhai, currently serving as Vice Chairman, will assume the role ofChairman of the company. With his deep understanding of the business and proven leadership capabilities, Mr. Kulin Lalbhai is well-positioned to steer ASL into its next phase of growth and innovation.

Kulin Lalbhai, Chairman, Arvind SmartSpaces, said, "I want to thank my father for being the inspiration 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 entire team to build on this strong foundation and drive the company forward with purpose and ambition."

Shares of Arvind SmartSpaces Limited was last trading in BSE at Rs. 627.95 as compared to the previous close of Rs. 639.95. The total number of shares traded during the day was 226 in over 32 trades.

The stock hit an intraday high of Rs. 641.00 and intraday low of 627.00. The net turnover during the day was Rs. 142390.00.