Arvind SmartSpaces Issues 16,000 Shares Under ESOP 2016

Ahmedabad, June 18 — Arvind SmartSpaces Limited (NSE: ARVSMART, BSE: 539301) has completed the allotment of 16,000 equity shares of face value ₹10 each under the exercise of stock options under its Employee Stock Option Plan 2016 (ASL ESOP 2016). The scheme was announced earlier and will be critical for the employees in fueling financial rewards and alignment with company performance.

The allotment will result in a slight equity dilution for the company, demonstrating a sustainable, employee-focused growth strategy. On Wednesday, 01:55 PM, the company’s stock was down by 1.52%, trading at ₹677.40.

Share Allotment Details

The company issued the shares on June 17, 2025, to an eligible employee who exercised vested options under the approved plan.

Regulatory Disclosure

This allotment has been made in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Post-allotment, the company’s equity share capital will increase accordingly, and the new shares will rank pari passu with the existing equity shares.

About the Company

Arvind SmartSpaces Limited, formerly Arvind Infrastructure Limited, is a listed real estate development company and part of the Lalbhai Group. The company focuses on residential, commercial, and plotted development projects and has a presence across key Indian cities. It is listed on both the NSE and BSE under the symbol “ARVSMART.”

REF: https://nsearchives.nseindia.com/corporate/539301_18062025110125_Allotment_of_Shares.pdf

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