Arvind SmartSpaces Limited has informed the Exchange regarding Appointment of Mr Amit Chamaria as Chief Financial Officer of the company w.e.f. November 03, 2025.
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Arvind SmartSpaces announced a major leadership transition effective November 3, 2025. Sanjay S. Lalbhai stepped down as Chairman and Non-Executive Director as part of succession planning. His son Kulin S. Lalbhai, previously Vice-Chairman, was elevated to Chairman to ensure leadership continuity. The company also appointed Prashant Das, a Real Estate professor at IIM Ahmedabad, as Independent Director for a five-year term, and Punit S. Lalbhai (Sanjay Lalbhai's second son and Kulin's brother) as Non-Executive Director. Additionally, Amit Chamaria, a Chartered Accountant with over two decades of finance leadership experience across IT, FMCG and agri-food sectors, was appointed as the new Chief Financial Officer.
This is an orderly, pre-planned succession within the promoter Lalbhai family — Kulin takes over as Chairman while brother Punit joins the board, keeping family control intact. Adding a credible academic Independent Director and an experienced external CFO strengthens governance and professional management. For shareholders, the changes signal continuity rather than disruption, though the real test will be execution by the new leadership team.