Arvind SmartSpaces Limited has informed the Exchange regarding Notice of Postal Ballot
ARVSMART · price
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Awaiting price reaction for this filing.
Arvind SmartSpaces has issued a Postal Ballot Notice dated 10th February 2026 seeking shareholder approval via e-voting (14 Feb to 15 Mar 2026, results on 17 Mar) on 10 resolutions. Key items include raising the company's borrowing limit to Rs. 2,000 Crore (replacing the 2014 limit) and approving creation of charges on company assets for these borrowings. The company plans to raise approximately Rs. 1,300 Crore through loans from banks/FIs/NBFCs over FY26 to FY29, using properties of 12 SPVs as security. Two director re-designations are proposed: Mr. Priyansh Kapoor as Managing Director & CEO and Mr. Kamal Singal as Whole-time Director (Strategy and Investments). Additionally, ESOP Scheme 2025 and Arvind Infrastructure ESOP Plan 2016 will be administered through a new irrevocable employee welfare trust, which may acquire up to 14 lakh and 8 lakh shares respectively via secondary acquisition.
Shareholders are being asked to approve a major expansion of borrowing capacity (to Rs. 2,000 Crore) and the use of SPV assets as collateral for ~Rs. 1,300 Crore in planned loans, signalling significant growth or refinancing plans. The trust-route ESOP administration could lead to share buybacks worth up to 5% of paid-up capital and free reserves, which may provide near-term price support but also result in effective share count changes when options are exercised.