Arvind SmartSpaces Limited has informed the Exchange regarding Appointment of Mr Kulin S. Lalbhai as Chairman of the company w.e.f. November 03, 2025.
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Arvind SmartSpaces announced a leadership transition effective November 3, 2025. Mr. Sanjay S. Lalbhai stepped down as Chairman and Non-Executive Director as part of succession planning. His son, Mr. Kulin S. Lalbhai, who was Vice-Chairman, was elevated to Chairman to ensure continuity. Additionally, Mr. Punit S. Lalbhai (another son of Sanjay Lalbhai and brother of Kulin) was appointed as a Non-Executive Director. Dr. Prashant Das, a professor of Real Estate at IIM Ahmedabad, was appointed as an Independent Director for a five-year term. Mr. Amit Chamaria, a Chartered Accountant with over 20 years of experience, was appointed as the new Chief Financial Officer and Key Managerial Personnel.
This is an orderly, planned family succession with the Lalbhai family consolidating its board presence. The appointment of a strong independent director (IIM professor) and an experienced external CFO should reassure investors about governance and professional management continuity.