<h1>Arvind SmartSpaces Limited Announces Changes in Senior Management Personnel</h1>
Arvind SmartSpaces Limited has announced key changes in its senior management team, including the appointment of two new executives and the resignation of a senior legal functionary. The updates concern appointments made effective July 1, 2026, and one resignation effective June 30, 2026.
Mr. Bhasker Jain has been appointed as Chief Business Officer - MMR (Mumbai Metropolitan Region) of the company. Mr. Tarpit Patni has also been designated as Senior Management Personnel and appointed as the Head - Legal, effective July 1, 2026.
Concurrently, Mr. Jai Kumar Ajbani, who held the position of Head - Legal, resigned from the company, with his resignation taking effect on June 30, 2026, after the close of business hours. The reason cited for his departure was personal reasons.
Details of Senior Management Appointments
The appointments and roles are detailed below:| Particulars | Mr. Bhasker Jain - Chief Business Officer-MMR | Mr. Tarpit Patni - Head - Legal |
|---|---|---|
| Reason for change | Appointment | Appointment |
| Date of appointment | July 1, 2026 | July 1, 2026 |
| Brief profile | Jain possesses close to 17 years of experience in the real estate sector, with a strong background spanning P&L management, Business development, Sales & Marketing, PE Investments, and exposure to international markets. His previous roles included serving as VP and Partner - MMR at Neoliv Real Estate. He also held various key positions at The Wadhwa Group, overseeing multiple large residential and commercial developments with a combined revenue of over ₹ 3,000 Cr. Bhasker holds an M P G in Management from the Indian School of Business (ISB), Hyderabad, and a B Com from Jai Hind College, Mumbai. | Patni is noted as a seasoned real estate leader with over 13 years of diverse experience across various geographies, focusing on real estate transactional work, compliances, and litigation strategy. He previously served as Head Legal - Mumbai Zone at Godrej Properties Limited (GPL), where he was instrumental in structuring transactions for land parcel acquisitions in Maharashtra and Madhya Pradesh, achieving 3x growth for the zone. Tarpit holds a B A LL B from Nirma University at Ahmedabad and also has a Master's degree in Law. |
Resignation of Head - Legal
Details regarding the change in Mr. Jai Kumar Ajbani's role are as follows:| Particulars | Mr. Jai Kumar Ajbani, Head - Legal |
|---|---|
| Reason for change | Resignation effective June 30, 2026, after close of business hours, due to personal reasons. |
ARVSMART Stock Price Movement
Arvind SmartSpaces Limited shares settled lower today after shedding 0.94% to close at ₹597.15, amid pressure from the stock’s intraday range. The equity saw a total traded volume of 16,624 shares in the post-market session, finishing near its low for the day at ₹594.1.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.