Board Meeting Details

The meeting was held on Tuesday, November 03, 2026 at 12:00 noon at the registered office of the Company at Arihant Aura, 25th Floor, B Wing, Plot No. 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai – 400705. The meeting concluded at 03:00 PM.

Key Business Transacted

1. Succession Plan Approval

The company & its Board approved a detailed succession plan blending promoters & professionals. The framework includes:

  • Leadership Structure: Family oversight for ultimate accountability and capital allocation, with professional integration into strategic direction.
  • Unified Successor Blueprint: All candidates evaluated against identical parameters regardless of background.
  • Qualifying Parameters: Complete command over business/financial inflows & outflows, vertical/people management, and leadership multiplication capability.
  • Non-Qualifying Parameters: Existing job descriptions, academic credentials, and granular subject knowledge are irrelevant.
  • 5-Pillar Professional Evaluation Matrix: Assessment based on Trust, Reliability, Discipline & Balanced Judgment, Loyalty & Tenure, and Self-Development using a Total Average Mechanism.
  • New Business Governance: Controlled through an Investment & Venture Committee with promoters, professional successors, and external advisors. Includes stop-loss mechanism capping new business investment at 10% of implied fair value (calculated via DCF).
  • Cyclical Governance: Ultimate authority rotates every 4 years among three primary equity stakeholders, separating executive management from ultimate veto power.
  • Enterprise Leadership Framework: Focus on Product/Service execution and Financial management (unit economics, cash flow, capital allocation).
  • Dispute Resolution: Mr. Ashok Chhajer appointed as arbitrator for succession-related disputes.
2. Hotel Management Agreement

Dwellcons Ltd (100% subsidiary) signed a Hotel Management Agreement with ITC Hotels Ltd for their luxury brand Mementos for a 227-room (44 suites) 5-star hotel at World Villas Chowk, Mumbai 3.0. This validates the location potential and benefits Arihant's real estate position in the region.

3. Independent Director Appointment

The Board took note of the circular resolution approving the appointment of Mr. Pradeep Mehta, Chartered Accountant, Ex-CFO (2017-2019) of Arihant Superstructures Limited, as an Independent Director effective October 23, 2026. Necessary intimations and disclosures were submitted to stock exchanges on October 23, 2026.

4. Financial Results Approval

The Board considered and approved the Unaudited Accounts (Standalone and Consolidated) along with the Limited Review Report for the quarter and half year ended September 30, 2026.

5. Postal Ballot Notice

The Board approved the draft Notice of Postal Ballot incorporating the proposed resolution and explanatory statement.

Financial Results (Standalone)

Quarter Ended September 30, 2026 (₹ in lakhs)
  • Revenue from Operations: ₹2,250.14
  • Other Income: ₹39.15
  • Total Income: ₹2,289.29
  • Profit Before Tax: ₹43.48
  • Tax Expense: ₹(2.77) (Current tax: ₹6.48, MAT Credit: ₹(6.48), Deferred tax: ₹(2.77))
  • Profit After Tax: ₹46.25
  • Basic EPS: ₹0.11
  • Diluted EPS: ₹0.11
Half Year Ended September 30, 2026 (₹ in lakhs)
  • Revenue from Operations: ₹4,473.91
  • Other Income: ₹81.01
  • Total Income: ₹4,554.92
  • Profit Before Tax: ₹75.07
  • Tax Expense: ₹(3.36) (Current tax: ₹12.53, MAT Credit: ₹(12.53), Deferred tax: ₹(3.36))
  • Profit After Tax: ₹78.43
  • Basic EPS: ₹0.18
  • Diluted EPS: ₹0.18
Balance Sheet (Standalone as at September 30, 2026, ₹ in lakhs)
  • Total Assets: ₹93,942.50
  • Equity Share Capital: ₹4,325.00
  • Other Equity: ₹21,139.56
  • Total Equity: ₹25,464.56
  • Non-current Borrowings: ₹45,690.51
  • Current Borrowings: ₹5,505.50

Financial Results (Consolidated)

Quarter Ended September 30, 2026 (₹ in lakhs)
  • Revenue from Operations: ₹13,321.95
  • Other Income: ₹147.32
  • Total Income: ₹13,469.27
  • Profit Before Tax: ₹1,390.63
  • Tax Expense: ₹335.32 (Current tax: ₹346.53, MAT Credit: ₹(6.48), Deferred tax: ₹(4.73))
  • Profit After Tax: ₹1,055.31
  • Non-Controlling Interest: ₹378.44
  • Profit Attributable to Owners: ₹676.87
  • Basic EPS: ₹1.56
  • Diluted EPS: ₹1.56
Half Year Ended September 30, 2026 (₹ in lakhs)
  • Revenue from Operations: ₹26,481.33
  • Other Income: ₹302.06
  • Total Income: ₹26,783.39
  • Profit Before Tax: ₹2,675.18
  • Tax Expense: ₹641.70 (Current tax: ₹661.07, MAT Credit: ₹(12.53), Deferred tax: ₹(6.84))
  • Profit After Tax: ₹2,033.48
  • Non-Controlling Interest: ₹378.44
  • Profit Attributable to Owners: ₹1,655.04
  • Basic EPS: ₹3.83
  • Diluted EPS: ₹3.83
Subsidiary Net Worth and PAT (₹ in lakhs as at September 30, 2026)
  • Arihant Superstructures Ltd: Net Worth ₹25,464.56, PAT ₹46.25
  • Arihant Vatika Realty Pvt Ltd: Net Worth ₹15,012.67, PAT ₹810.60
  • Arihant Abode Ltd: Net Worth ₹5,228.56, PAT ₹29.93
  • Arihant Gruhnirman Pvt Ltd: Net Worth ₹(18.06), PAT ₹0.07
  • Arihant Aashiyana Pvt Ltd: Net Worth ₹3,310.32, PAT ₹168.43
  • Dwellcons Pvt Ltd: Net Worth ₹500.00

Auditor Review

KJK & Associates, Chartered Accountants (Firm Regn No: 117275W) reviewed both standalone and consolidated financial results and expressed an unmodified conclusion. The review was conducted under SRE 2410 issued by ICAI.

Additional Information

  • The company operates in one reportable segment: Real estate development
  • Operations are confined to India
  • Figures for previous periods have been regrouped/rearranged for consistency
  • The full financial results are available on BSE, NSE, and company website (www.asl.net.in)