Arvind SmartSpaces Announces Auditor Changes and Releases Financial Results for Q2 2026
Arvind Smartspaces Limited has announced significant outcomes from its Board of Directors meeting held on August 7, 2026. The company approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, while also formalizing changes to its statutory audit firm.At the Board meeting, the company made several key decisions regarding its financial governance. M/s S R B C & Co LLP was noted as having resigned as a Statutory Auditor of the Company, effective August 7, 2026. To address this vacancy, and based on a recommendation from the Audit Committee, M/s Walker Chandiok & Co LLP, Chartered Accountants LLP, was appointed as the replacement Statutory Auditors. Furthermore, subject to shareholder approval at the forthcoming 18th Annual General Meeting (AGM), M/s Walker Chandiok & Co LLP was approved for a five year term of service, starting from the conclusion of the ensuing 18th AGM until the 23rd AGM in 2031.
The company also issued its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. These results were reviewed by M/s S R B C Co & LLP, Chartered Accountants.
Key highlights from the Unaudited Standalone Financial Results (Quarter ended June 30, 2026) are summarized below:
| Metric | Amount (Lakhs) |
|---|---|
| Revenue from Operations | 7,982.37 |
| Total Income | 2,775.98 |
| Total Expenses | 3,052.21 |
| Profit from operations before tax | (285.23) |
| Net profit after tax | (186.57) |
| Total comprehensive income after tax | 1,122.71 |
The consolidated financial results for the quarter ending June 30, 2025, and the unaudited standalone results for the same period were also approved by the Board of Directors and reviewed by M/s S R B C Co & LLP.
On an operational front, during the quarter ended June 30, 2026, the company acquired a stake in Oxford Navrang Realtors Pvt. Ltd. (ONRPL). The acquisition was executed through Arvind Skyline Pvt. Ltd., and involved entering into Share Purchase and Shareholders' agreements with individual shareholders of ONRPL. As a result of this agreement, the company now has de-facto control over the operations of ONRPL and it is considered a subsidiary under Ind AS 110.
The Group’s business operates within a single segment, focusing on developing commercial and residential units.
ARVSMART Stock Price Movement
Arvind SmartSpaces Limited sees its stock surge, reaching ₹659.7 as of 1:47 PM after gaining a strong 9.35% in live trading. The company's equity powerfully hits its 52-week high, supported by robust activity with over 687,000 shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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