Arihant Foundations & Housing Ltd

Financial performance

• Consolidated revenue from operations: ₹42,032.33 Lakh.
• Consolidated PAT: ₹5,896.70 Lakh.
• YoY revenue growth: 103.61%; PAT growth: 38.09%.
• Pre-sales ₹513.70 Crore; area sold 5,69,261 sq ft.
• Total GDV ₹11,251 Crore; Arihant share ₹6,033 Crore.
• Under development: 8.11 million sq ft.
• Equity capital after warrant conversion: ₹10,86,24,970; shares 1,08,62,497.
• Warrant conversion: 8,96,873 warrants converted.
• Dividend: No dividend declared for FY26.

Portfolio and growth

• GDV by segment: commercial ₹1,757 Cr; residential/plots ₹8,788 Cr; senior living ₹706 Cr.
• Portfolio: delivered assets exceed 25 million sq ft; 8.11 mn sq ft under development.
• Key new steps: 18-acre Chennai parcel acquisition; strategic alliance with Prestige Estates.
• Monetisation of Equitas Tower; partnerships with Ashiana Housing, Empee Hotels, Equitas.

Capital structure & equity

• Equity capital increased to ₹10.86 Cr; 1,08,62,497 shares issued.
• Warrants conversion details: 8,96,873 warrants converted; new shares issued on 09 May 2026 and 15 May 2026.
• Total paid-up capital now ₹10,862,497, i.e., ₹10.86 Cr.

Debt & liquidity

• Gearing ratio stood at 44% as of 31-Mar-2026.
• Cash and cash equivalents consolidated: ₹1,656.49 Lakh.
• Net cash from operations: ₹4,919.11 Lakh; liquidity position supported by diversified debt.

Governance & leadership

• Chirag Satish Shah appointed as Non-Executive Independent Director for five years (to Sept 2031).
• Board committees: Audit; Nomination & Remuneration; Stakeholder Relationship.
• Independent Directors meet; compliance and governance practices reaffirmed.

Regulatory & risk outlook

• Tamil Nadu reforms (TN Apartment Ownership Act 2023) enable redevelopment with higher FSI.
• Outlook supported by infrastructure corridors and GCC/tech sector expansion in Chennai.
• Risks include affordability, input costs, financing conditions and regulatory changes.

Audits & governance disclosures

• Statutory auditors: M/s B.P. Jain & Co; no qualifications.
• Internal audit by M/s NS Shastri & Co; Secretarial audits by M/s V Suresh Associates.
• Corporate governance disclosures and CSR framework are on the company website.

Business overview

• Four-segment real estate developer: Residential, Commercial, Senior Living, Plotted Developments.
• 40-year relationships with Chennai landowners; JV-driven growth.
• Relationship capital includes IT parks, JP Morgan capital, and Prestige Estates alliances.
• Senior Living pipeline: 10.8 lakh sq ft; first-mover with Ashiana since 2014.
• Diversified portfolio across Residential, Commercial, Senior Living, Plotted increases resilience.
• Management team brings decades of real estate, finance and project delivery experience.
• Market focus: Tamil Nadu & Chennai with policy tailwinds.

Operational highlights

• PAT for Q1 FY27 stood at ₹24.09 Cr, up 47% YoY.
• Commercial projects: Arihant Share GDV ₹1,090 Cr; area 11.43 Lakh Sq Ft.
• Senior Housing: Arihant Share GDV ₹287 Cr; area 10.79 Lakh Sq Ft.

Financial performance

• PAT growth of 47% YoY reflects stronger project execution.
• Commercial and senior housing GDV: ₹1,090 Cr and ₹706 Cr.
• Total area: Commercial 11.43 Lakh Sq Ft; Senior Housing 10.79 Lakh Sq Ft.

Governance & leadership

• Experienced leadership: Kamal Lunawath (MD), Vimal Lunawath (CFO & WTD), Bharat Jain (WTD).

Issue Overview

• Type: preferential issue of equity shares and convertible warrants.
• Proceeds: no revision or undersubscription indicated.
• Main objective: acquisitions and development of real estate projects.
• Other objectives: investments in subsidiaries, debt repayment, working capital, and general corporate purposes.

Utilisation of Proceeds

• Utilisation as disclosed; no deviation observed.
• Object 1: acquisition and development of real estate projects — fully utilised.
• Object 2: investments in subsidiaries — partially utilised; idle funds.
• Object 3: repayment of loans — fully utilised.
• Object 4: working capital — partially utilised; idle funds due to refunds.
• Object 5: general corporate purposes — partially utilised; idle funds.
• Unutilised funds: held in fixed deposits and preferential issue account.

Governance and Compliance

• Approvals: statutory approvals in process; environmental clearance for subsidiary project pending.
• No material deviations or adverse events reported.
• MA report relies on issuer data; not an audit.

General Corporate Purpose (GCP)

• GCP allocations utilised across sub-heads.
• Board approval for GCP allocations not stated.

Key approvals

• Approved unaudited standalone and consolidated Q1 FY27 results for quarter ended 30 June 2026, with Limited Review Report.
• Press Release on results enclosed.
• Consolidated Q1 FY27 revenue 135.67 Cr; EBITDA 37.73 Cr; PBT 31.27 Cr; PAT 24.09 Cr; margin 27.8%.
• Pre-sales ₹168 Cr; area sold 1.45 lakh sq ft; collections ₹69 Cr.
• Development pipeline shows large residential projects approved or nearing final approval; launch expected this financial year.
• Ongoing portfolio GDV ₹11,251 Cr across ~8 million sq ft.

Meeting Details

• Meeting scheduled for Friday, August 14, 2026.
• Time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.

Other Notes

• Corrigendum issued correcting results type to unaudited for quarter ended June 30, 2026.

Meeting Details

• Meeting on August 14, 2026; time and location not disclosed.

Key Agenda Items

• Consider and approve audited financial results for quarter and year ended June 30, 2026 (FY 2026-27).

Other Notes

• Trading window closed until 48 hours after the financial results announcement.

Price movement clarification

• Company confirms no reportable developments; operations as usual and disclosures will continue as per Regulation 30.

Dematerialisation processing and listing confirmation

• Dematerialisation requests were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within prescribed timeline.