Arihant Superstructures Ltd

Arihant Superstructures Ltd: Trading Window shall be closed from October 01, 2026 and end 48 hours after the financial results for the quarter and half year ended September 30, 2026 become generally available information

Deal overview

• Dwellcons signs hospitality agreement with ITC Hotels for Mementos at World Villas Chowk.

Project scope

• Project comprises 227 rooms including 44 suites, with premium leisure and banqueting facilities.

Scale and timeline

• Development spans 90 acres with 10-acre hospitality footprint; completion targeted in three years.

Financial outlook

• Post-maturity annual revenue expected ₹150-₹200+ crores with 45% operating margin.

Strategic impact

• Anchors World Villas project and creates potential long-term annuity income.

Governance / Compliance

• Shareholders approve appointment of M/s K J K & Associates as Statutory Auditors for five years.
• Term starts from AGM conclusion on 24 Sep 2026; remuneration as mutually agreed.

AGM 24 Sep 2026 — management changes

• Re-appointment of Nimish Shah as Director (retired by rotation).
• Designation of Parth Chhajer from Whole-time Director to Joint Managing Director, effective 24 Sep 2026.
• Designation of Bhavik Chhajer from Whole-time Director to Joint Managing Director, effective 24 Sep 2026.
• Regularization of Dr. Raghuveer Singh Rajpurohit as non-executive Independent Director, effective 24 Sep 2026.

agm details

• AGM held on 24 September 2026 at 11:30 AM, in-person at Navi Mumbai.
• Record date 11 September 2026; total shareholders on record 7106.

dividend

• Final dividend of Rs. 0.25 per equity share approved.

key resolutions

• Resolution 1: Adopt audited standalone and consolidated financial statements.
• Resolution 2: Declare final dividend of Rs. 0.25 per equity share.
• Resolution 3: Reappoint Nimish Shah by rotation.
• Resolution 4: Appoint M/s KIK & Associates as statutory auditors.
• Resolution 5: Parth Chhajer designated as Joint Managing Director.
• Resolution 6: Bhavik Chhajer designated as Joint Managing Director.
• Resolution 7: Regularize Dr. Raghuveer Singh Rajpurohit as non-executive Independent Director.
• Resolution 8: Maintain Registers of Members at a place other than the Registered Office.
• Resolution 9: Approve material related party transactions for FY2026-27.

voting results

• Res 1: Passed; 99.999% in favour.
• Res 2: Passed; 99.999% in favour.
• Res 3: Passed; 99.999% in favour.
• Res 4: Passed; 99.999% in favour.
• Res 5: Passed; 99.942% in favour.
• Res 6: Passed; 99.942% in favour.
• Res 7: Passed; 99.999% in favour.
• Res 8: Passed; 99.999% in favour.
• Res 9: Passed; 98.78% in favour.

director changes

• Parth Chhajer: Whole-time Director → Joint Managing Director.
• Bhavik Chhajer: Whole-time Director → Joint Managing Director.
• Dr. Raghuveer Singh Rajpurohit: Regularized as non-executive Independent Director.
• Nimish Shah: Reappointed by rotation.

auditor appointments

• Statutory auditors appointed: M/s KIK & Associates (Firm Reg. No. 112159W).

material related party transactions

• Approved related party transactions for FY2026-27.

other material approvals

• No additional material approvals beyond the nine listed resolutions.

AGM Details

• 43rd AGM held 24 Sep 2026 at 11:30 IST in person at Navi Mumbai.
• Concluded 11:55 IST; remote e-voting and Insta Poll provided.
• Meeting attended by 97 members.

Key Resolutions

• Adopt audited financial statements for FY 2025-26.
• Declare final dividend of Rs 0.25 per equity share.
• Re-appoint Nimish Shah on rotation.
• Appoint M/s K J K & Associates as statutory auditors.
• Change designation Parth Chhajer to Joint Managing Director.
• Change designation Bhavik Chhajer to Joint Managing Director.
• Regularize Dr Raghuveer Singh Rajpurohit as independent director.
• Maintain Registers of Members at an alternate location.
• Approve material related party transactions for FY 2026-27.

Dividend

• Final dividend approved: Rs 0.25 per equity share.

Director Changes

• Parth Chhajer designated Joint Managing Director.
• Bhavik Chhajer designated Joint Managing Director.
• Dr Raghuveer Singh Rajpurohit regularized as independent director.

Material Related Party Transactions

• Approve material related party transactions for FY 2026-27.

Voting Status

• Scrutinizer appointed; e-voting results to be announced within 2 working days.

Meeting Details

• Date and time: September 29, 2026 from 10:00 AM onwards.
• Mode: Virtual; Organizer: Bharat Connect Conference – Rising Stars (Sept 2026).
• Type: Investor/Analyst meeting.

Participants

• Key company participants: not specified in the filing.

Purpose

• Purpose: schedule of Investor/Analyst meeting for investor interaction.

Availability

• Recording/presentation: not specified in the filing.

Financial snapshot

• Standalone revenue ₹9,222.72 L; down from ₹12,399.02 L prior year.
• Consolidated revenue ₹55,601.26 L; up from ₹50,387.11 L.
• Standalone PAT ₹145.69 L; Consolidated PAT ₹4,604.34 L.
• Consolidated EPS ₹10.65; Standalone EPS ₹0.34.
• Total borrowings ₹87,285.84 L; Net debt ₹85,838.14 L; DSCR 1.10.

Capital structure and liquidity

• Debt-to-Equity: Consolidated 1.91; Standalone 1.77.
• Final dividend ₹0.25 per share; record date 11-Sep-2026.
• Share capital after warrant conversion: 4,32,49,991 shares.
• Cash and cash equivalents ₹1,447.70 L; fixed deposits present.

Development platform and growth

• GDV expanded to ₹14,000 Cr across 19 projects.
• Land bank stands at 328 acres; hospitality targets 300+ keys.
• Villa portfolio GDV ₹6,500 Cr; ~1,500 villas planned.
• Hospitality assets: 3 properties with 300+ keys; Club 10 2.25 Lakh sq.ft.

Business model and strategy

• Two growth verticals: residential real estate and hospitality.
• Villa-led living in Panvel-Chowk-Karjat belt; MMR focus.
• Capital discipline via internal accruals and selective JD/JV structures.
• Premiumisation: ~41% premium, 30% mid-income, 29% affordable housing.

Projects and markets

• Operating markets: Mumbai Metropolitan Region and Jodhpur.
• 19 ongoing projects; notable ones include Advika (Vashi redevelopment) and World Villas (Chowk).
• Arihant Clan Aalishaan (Kharghar Annex) OC received for 2/4 towers.
• Arihant Aspire (Panvel) and Arihant Avanti (Dombivali) advancing with multi-tower plans.

Governance and leadership

• Parth Chhajer and Bhavik Chhajer appointed Joint Managing Directors from 15 May 2026.
• Dr. Raghuveer Singh Rajpurohit appointed Independent Director from 21 July 2026 (subject to AGM approvals).
• Namrata Thakker resigned as Independent Director on 7 May 2026.
• Sheetal Bhilkar appointed Independent Director from 9 Oct 2025.
• Abodh Khandelwal appointed Independent Director from 23 Jun 2025.
• K J K & Associates appointed Statutory Auditors for 5 years; remuneration ₹10 Lakh.

Audit, risk and compliance

• Secretarial audit by NL Bhatia; Secretarial compliance report public on company site.
• Vigil mechanism and POSH compliance in place; no complaints in FY25-26.
• Independent Directors meet regularly; Board conducted 5 meetings in FY25-26.
• Audit Committee and Nomination & Remuneration Committee active; several penalties for LODR non-compliance noted (resolved).

CSR and ESG

• CSR expenditure ₹38.99 L; carry-forward ₹2.82 L.
• CSR policy available on company website; CSR reports in annual report.
• Great Place to Work certification achieved in 2026.

Outlook and risks

• Execution momentum to translate development potential into deliveries.
• Industry risk: macroeconomic conditions, regulatory changes, and execution risks.
• Management emphasizes disciplined capital deployment and sustainable value creation.