Arvind SmartSpaces Limited has informed the Exchange regarding Appointment of Mr Punit S. Lalbhai as Non- Executive Director of the company w.e.f. November 03, 2025.
ARVSMART · price
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Arvind SmartSpaces announced a major leadership reshuffle effective November 3, 2025, as part of a planned succession process. Sanjay S. Lalbhai stepped down from the Board as Chairman and Non-Executive Director, with his son Kulin S. Lalbhai elevated from Vice-Chairman to Chairman. Another family member, Punit S. Lalbhai (Sanjay's son and Kulin's brother, currently Vice Chairman of Arvind Ltd), was appointed as an Additional Non-Executive Director. The company also appointed Prashant Das, a real estate finance professor at IIM Ahmedabad, as an Independent Director for a five-year term, and Amit Chamaria, a Chartered Accountant with prior CFO experience at HyFun AgriLink and Innoterra, as the new Chief Financial Officer. All appointments are subject to shareholder approval where required.
The transition reinforces promoter-family continuity at the top, which may reassure investors about long-term vision but concentrates decision-making within the Lalbhai family. The addition of a credentialed Independent Director and an experienced external CFO adds professional depth to the board and finance function, which is a positive governance signal.