Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, today announced that Mr. Sanjay Lalbhai will step down from the Board of Directors of the company, effective November 03, 2025. The board also approved the appointment of Mr. Kulin Lalbhai as the Chairman of the Company. Mr. Lalbhai has played a pivotal role in shaping the strategic direction of ASL since its inception, contributing to its growth and reputation as a trusted name in the real estate sector. His vision and leadership have been instrumental in establishing ASL’s strong foundation and values. Commenting on the announcement, Sanjay Lalbhai said, “It has been an honor to serve on the Board of Arvind SmartSpaces and witness its journey from inception to becoming a trusted real estate brand. I am grateful to our team for their commitment and to our customers and stakeholders for their unwavering support. As a part of the company’s succession planning process and with a view to ensuring continuity in leadership I have decided to step down from the position of Chairman and Non-Executive Director of the company. We are well-positioned for the future, and I am confident that Kulin and the management team will continue to create sustainable, long-term value for all.”