Dear Members,
The Board of Directors are pleased to present the 43rd Annual Report of your Company, Arihant Superstructures Limited (the "Company" or "ASL") along with the Audited (Standalone and Consolidated) Financial Statements for the Financial Year ended March 31, 2026.
FINANCIAL PERFORMANCE
The financial performance of the Company for the Financial Year ending on March 31, 2026 is summarized as below:
| Particulars | Stand-alone FY 2025-26 | Stand-alone FY 2024-25 | Consolidated FY 2025-26 | Consolidated FY 2024-25 |
| Sales and Other Income | 9,222.72 | 12,399.02 | 55,601.26 | 50,387.11 |
| Profit before Interest, Depreciation & Tax | 2,819.04 | 2,594.82 | 13,160.42 | 10,966.40 |
| Interest | 2,565.08 | 553.98 | 6,769.26 | 4,110.79 |
| Depreciation | 99.47 | 51.84 | 283.31 | 236.93 |
| Profit/(Loss) before Tax | 154.49 | 1,989.00 | 6,107.85 | 6,618.68 |
| Provision for Tax | 8.80 | 41.10 | 1,503.51 | 1,151.06 |
| Profit/(Loss) after Tax | 145.69 | 1,947.90 | 4,604.34 | 5,467.62 |
| Profit/(Loss) for the Year | 145.69 | 1,947.90 | 4,604.34 | 5,467.62 |
| Share of Minority | - | - | - | - |
| Profit carried to the Balance Sheet (incl. OCI) | 128.82 | 1,960.05 | 2,793.25 | 4,123.96 |
The Financial Statements have been prepared on accrual basis in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and the provisions of the Companies Act, 2013.
The Financial Statements have been prepared on accrual and going concern basis under historical cost convention except for certain Financial Assets and Liabilities which have been measured at fair value (refer accounting policy regarding financial instruments). If no such transactions can be identified, an appropriate valuation model is used. Impairment losses of continuing operations, including impairment on inventories, are recognized.
The Financial Statements are presented in Indian Rupees ("INR") and all amounts are rounded to the nearest Lacs, except as stated otherwise.
Previous years figures may have been regrouped/reclassified as and when it is necessary.
COMPANY PERFORMANCE OVERVIEW
During the year under review, the revenue from operations of the company, was Rs. 55,601.26 Lacs in FY 2025-26 as compared to Rs. 50,387.11 Lacs in FY 2024-25 on a consolidated basis. The revenue from operations on a stand-alone basis was decreased to Rs. 9,222.72 Lacs in FY 2025-26 from Rs. 12,399.02 Lacs in FY 2024-25.
The profit after tax for the FY 2025-26 on a stand-alone basis was Rs. 145.69 Lacs as against the profit after tax of Rs. 1,947.90 Lacs for FY 2024-25. The profit after tax on a consolidated basis was Rs. 4,604.34 Lacs in FY 2025-26 as against the profit after tax of Rs. 5,467.62 Lacs for FY 2024-25.
PROJECTS AND OPERATIONS OF THE COMPANY
The current projects and operations of the company are as follows:
The following projects are currently being undertaken by the subsidiary companies:
TRANSFER TO RESERVES
The Company has transferred entire profits to Retained Earnings of Reserves and Surplus.
During the year under review, the Company incurred a net Profit of Rs. 145.69/- Lacs (Rupees One Crore Forty-Five Lacs Sixty-Nine Thousand Only) and such amount has been transferred to the Reserves of the Company.
DIVIDEND
The Board of Directors are pleased to recommend for approval of the shareholders a final dividend of Rs 0.25 per equity share of Rs. 10/- each i.e. 2.5% for the financial year ended 2025-26. The dividend, if approved by the shareholders, would entail a payout of approximately Rs. 31.24 Lacs. The dividend would be paid to all the equity shareholders (excluding Promoters who have forgone and voluntarily waived their right to receive dividend as per Board Meeting of date (May 15, 2026) to receive the dividend, whose name would appear in the Register of Members/ list of beneficial owners on the record date fixed for this purpose i.e. September 11, 2026.
CONSOLIDATED FINANCIAL STATEMENTS ("CFS")
In accordance with the provisions of the Companies Act, 2013, Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "Listing Regulations") and applicable Accounting Standards, the Audited Consolidated Financial Statements of the Company for the financial year 2025-26, together with the Auditors Report form part of this Annual Report.
SHAREHOLDING STRUCTURE:
As at March 31, 2026, the authorised, issued, subscribed and paid-up share capital of the Company was as follows:
| Particulars | No. of Shares | Amount (Rs. In Lacs) |
Authorised Share Capital |
||
| Equity Shares of Rs. 10/- each | 10,00,00,000 | 10,000.00 |
| Preference Shares of Rs. 10/- each | 1,50,00,000 | 1,500.00 |
Total Authorised Share Capital |
11,50,00,000 |
11,500.00 |
Issued, Subscribed and Fully Paid-up Share Capital |
||
| Equity Shares of Rs. 10/- each | 4,32,49,991 | 4,325.00 |
Total Issued, Subscribed and Fully Paid-up Share Capital |
4,32,49,991 |
4,325.00 |
During the year, the Board of Directors, at its meeting held on June 14, 2025, allotted 20,90,000 equity shares of Rs.10 each at an issue price of Rs.180.071 per share (including a premium of Rs.170.071) to Warrant holders upon conversion of Share Warrants; the allotment was made for cash upon receipt of the remaining exercise price of Rs.135.053 per warrant (being 75% of the total exercise price), aggregating to Rs.28.23 crore. Consequently, the Companys paid-up equity share capital increased from 4,11,59,991 to 4,32,49,991 equity shares. The Company had received Listing and Trading Approval from Stock Exchanges for the equity shares issued on account of the conversion of warrants.
The Company has not issued any further issue, including ESOPs, Sweat Equity, Equity to any shareholder during the financial year.
The company continued to remain listed on BSE and NSE during the year and till date of this report.
SUBSIDIARY COMPANIES
The Company has 5 (Five) unlisted subsidiaries Companies and 1 (One) LLP, the details of which are stated below:
2025-26
| Name of the Material Subsidiaries | Name of Non-Material Subsidiaries |
| Arihant Abode Limited | Arihant Gruhniman Private Limited |
| Arihant Vatika Realty Private Limited | Dwellcons Private Limited |
| Arihant Aashiyana Private Limited | Mandar Constructions Projects LLP |
A statement containing the salient features of financial statements of subsidiaries of the Company in the prescribed Form AOC-1 forms a part of Consolidated Financial Statements in compliance with Section 129(3) and other applicable provisions, if any, of the Act read with Rules as set out in attached ANNEXURE-II to this report.
In accordance with Section 136 of the Act, the audited financial statements, including the Consolidated Financial Statement and related information of the Company and the financial statements of each of the subsidiary companies, are available on our website. The necessary disclosures in respect of the material subsidiaries are displayed under the Corporate Governance on the website of the company.
BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Composition of the Board
The Board of Directors comprise of eminent and experienced professionals in the Industry. The current composition of the Board of Directors as on date of the report are as follows:
| Sr. No. Name of the Directors | DIN | Designation | Date of Appointment |
| 1. Ashokkumar B. Chhajer | 01965094 | Chairman & Managing Director | 15.01.2024 |
| 2. Parth Chhajer | 06646333 | Joint Managing Director | 23.07.2022 |
| 3. Bhavik Chhajer | 08475397 | Joint Managing Director | 24.05.2025 |
| 4. Nimish Shah | 03036904 | Whole-time Director | 13.04.2025 |
| 5. Pramod Deshpande | 10204931 | Independent Director | 10.08.2023 |
| 6. Abodh Khandelwal | 07807394 | Independent Director | 23.06.2025 |
| 7. Sheetal Bhilkar | 02979850 | Independent Director | 09.10.2025 |
| 8. Dr. Raghuveer Singh Rajpurohit | 11650118 | Independent Director (Additional Director) | 21.07.2026 |
Appointment, Re-appointment and Resignation of Directors
Mr. Bhavik Ashokkumar Chhajer (DIN: 08475397) was appointed as an Additional Whole-time Director of the company w.e.f. May 24, 2025 and the members approved the appointment through postal ballot on August 19, 2025.
Mr. Abodh Khandelwal (DIN: 07807394) was appointed as an Independent Director for a first (1st) term of the five (5) Years w.e.f. June 23, 2025 and the members approved the appointment through postal ballot on August 19, 2025.
Ms. Sheetal Bhilkar (DIN: 02979850) was appointed as an Independent Director for a first (1st) term of the five (5) Years w.e.f. October 09, 2025 and the members approved the appointment through postal ballot on December 23, 2025.
During the year under review, the designation of Mr. Parth Chhajer (DIN: 06646333) and Mr. Bhavik Chhajer (DIN: 08475397) was changed to Joint Managing Director with effect from May 15, 2026. The members approval for the same is being sought at this AGM.
During the year under review, Ms. Namrata Thakker (DIN: 08478260) resigned as an Independent Director of the Company w.e.f. May 07, 2026.
Dr. Raghuveer Singh Rajpurohit (DIN: 11650118) was appointed as an Independent Director for a first (1st) term of the five (5) Years w.e.f. July 21, 2026 subject to approval of the members in the ensuing 43rd Annual General Meeting.
The Board expresses its sincere appreciation for the valuable services and contribution rendered by Ms. Namrata Thakker during her association with the Company.
The Board of Directors recommend the re-appointment and change in designation of Mr. Parth Chhajer (DIN: 06646333) and Mr. Bhavik Chhajer (DIN: 08475397) as the Joint Managing Director of the Company and approval of remuneration payable to him for a term of 5 (Five) years, subject to the members approval at the forthcoming Annual General Meeting.
The Board of Directors further recommend the regularization of appointment of Dr. Raghuveer Singh Rajpurohit (DIN: 11650118) as non-executive Independent Director of the Company to hold office for a first term of 5 (five) consecutive years commencing from July 21, 2026 to July 20, 2031 (both days inclusive), and that he shall not be liable to retire by rotation and that he shall be paid sitting fees as approved by the Board and reimbursement of expenses (if any) as may be permissible under the law from time to time.
There are no changes in the composition of Board of Directors except as mentioned above.
Director Retiring by Rotation
As per the provisions of Section 152 of the Companies Act, 2013, Mr. Nimish Shah (DIN: 03036904), Whole-Time Executive Director of the Company, is liable to retire by rotation from the Board and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting of the Company.
Pursuant to Regulation 36 of the Listing Regulations and Secretarial Standard-2, a detailed profile of the Directors seeking appointment/reappointment is provided in the Notice of the ensuing Annual General Meeting of the Company.
Key Managerial Personnel
The Key Managerial Personnel of the Company, as on the date of this Report are as follows:
| Name | Designation | Date of Appointment | Date of resignation |
| Mr. Ashokkumar B. Chhajer | Chairman & Managing Director | 15.01.2024 | - |
| Mr. Parth Chhajer | Joint Managing Director | 23.07.2022 | - |
| Mr. Bhavik Chhajer | Joint Managing Director | 24.05.2025 | - |
| Mr. Nimish Shah | Whole-time Director | 13.04.2025 | - |
| Mr. Dhiraj Jopat | Chief Financial Officer | 22.05.2023 | 04.08.2025 |
| CS Manoj Dhande | Company Secretary & Compliance Officer | 03.02.2025 | - |
| Mr. Udit Kasera | Chief Financial Officer | 12.08.2025 | - |
Declaration of Independent Directors
The Company has received the following declarations from all the Independent Directors confirming that:
Certificate on Disqualification of Directors
The Company has received a certificate from D. A. Kamat & Co., Company Secretaries pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the Listing Regulations, confirming that none of the Directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as Directors of companies by the SEBI, Ministry of Corporate Affairs, or any such other statutory authority. The same forms part of the Corporate Governance Report forming part of this Annual Report.
MEETINGS OF BOARD OF DIRECTORS
The Board of Directors, during Financial Year 2025-26 met 5 (Five) times i.e. May 24, 2025, June 14, 2025, August 12, 2025, November 12, 2025 and February 10, 2026. The Board of Directors meets at regular intervals to discuss the business and compliance matters of the Company. The details of the Meetings of the Board of Directors and the Committees of the Board of Directors and their respective constitution are stated in the Corporate Governance Report attached which forms a part of this Boards Report.
The Board has constituted the following Mandatory and Non-Mandatory Committees of the Board of Directors:
| Mandatory Committees | Non-Mandatory Committee |
| Audit Committee | Executive Committee |
| Nomination & Remuneration Committee | Disinvestment Committee |
| Stakeholders Relationship Committee | Fund Raising Committee |
| Corporate Social Responsibility Committee | Insider Trading Compliance Committee |
| Risk Management Committee |
The Company Secretary of the Company is the Secretary to each of these Committees.
During the year under review, all the recommendations made by the Audit Committee were approved by the Board of Directors.
Separate Meeting of Independent Directors is conducted during every year, in terms of the requirements of Schedule IV to the Companies Act, 2013 and Regulation 25(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Further, the Board of Directors have adopted various policies on the functioning and running of the Board of Directors as mandated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and which are also available on the website of the Company at www.asl.net.in.
VIGIL MECHANISM
The Company has a robust vigil mechanism through its Whistle Blower Policy approved and adopted by Board of Directors of the Company in compliance with the provisions of Section 177(10) of the Act and Regulation 22 of the Listing Regulations.
The Policy also provides protection to the directors, employees and business associates who report unethical practices and irregularities. Any incidents that are reported are investigated and suitable action is taken in line with the Whistle Blower Policy. The Whistle Blower Policy of the Company can be accessed at website of the Company at www.asl.net.in.
NOMINATION AND REMUNERATION POLICY
The salient features of the Nomination and Remuneration Policy of the Company are set out in the Corporate Governance Report which forms part of this Annual Report. The said Policy of the Company, inter alia, provides that the Nomination and Remuneration Committee shall formulate the criteria for appointment & re-appointment of Directors on the Board of the Company and persons holding Senior Management positions in the Company, including their remuneration, evaluation and other matters as provided under Section 178 of the Act and Listing Regulations. The copy of the Policy can be found under the Investors section on http://www.asl.net.in.
REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL, SENIOR MANAGEMENT AND EMPLOYEES
The remuneration paid to the Directors and Key Managerial Personnel is in accordance with the Nomination and Remuneration Policy formulated in accordance with Section 178 of the Act and Regulation 19 of the Listing Regulations and within the Statutory limits under the Companies Act, 2013.
The information required under Section 197 of the Act read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of Directors/employees of the Company is set out in ANNEXURE-I to this Report.
PERFORMANCE EVALUATION
The Nomination and Remuneration Policy of the Company empowers the Nomination and Remuneration Committee to formulate a process for effective evaluation of the performance of Individual Directors, Committees of the Board and the Board as a whole.
The Board formally assesses its own performance based on parameters which, inter alia, include performance of the Board on deciding long term strategy, rating the composition and mix of Board members, discharging of governance and fiduciary duties, handling critical and dissenting suggestions, etc.
The parameters for the performance evaluation of the Directors include contribution made at the Board meeting, attendance, instances of sharing best and next practices, domain knowledge, vision, strategy, engagement with senior management, etc.
The Chairperson(s) of the respective Committees based on feedback received from the Committee members on the outcome of performance evaluation exercise of the Committee, shares a report to the Board.
The Independent Directors at their separate meeting review the performance of: non-independent directors and the Board as a whole, Chairperson of the Company after taking into account the views of Executive Director and non-executive directors, the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.
Based on the outcome of the performance evaluation exercise, areas have been identified for the Board to engage itself with and the same would be acted upon. The details of the evaluation process are set out in the Corporate Governance Report which forms a part of this Annual Report.
FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS
All new independent directors inducted into the Board are familiarized with the operations and functioning of the Company. The details of the training and familiarization program are provided in the Corporate Governance report and website of the Company at www.asl.net.in.
DIRECTORS RESPONSIBILITY STATEMENT
In terms of Section 134(5) of the Companies Act, 2013, the Directors would like to state that:
RELATED PARTY TRANSACTIONS
All contracts/arrangements/transactions entered into by the Company during the year under review with Related Parties were in ordinary course of business and on arms length basis in terms of provisions of the Act. The Companys Policy on dealing with and Materiality of Related Party Transactions is available on the website of the Company at www.asl.net.in.
All transactions with related parties were reviewed and approved by the Audit Committee and are in accordance with the Policy on dealing with and materiality of Related Party Transactions and the Related Party Framework, formulated and adopted by the Company. During the year under review, the Related Policy Framework was suitably amended to give effect to the changes in the relevant provisions of law.
There are no materially significant related party transactions that may have potential conflict with interest of the Company at large. The details of the related party transactions as per Indian Accounting Standards (IND AS)-24 are set out in Notes to the Standalone Financial Statements of the Company. The company also obtains suitable approval of the members for the materially significant related party transactions, in line with Regulation 24 of the Listing Regulations.
The approval of the materially significant related party transactions for Financial Year 2025-26 is sought at the forthcoming Annual General Meeting of the Company. The same is recommended by the Audit Committee and the Board of Directors along with the requisite information.
The Company in terms of Regulation 23 of the Listing Regulations submits within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards to the stock exchanges.
The said disclosures can be accessed on the website of the Company at www.asl.net.in. Form AOC-2 pursuant to Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is set out in the ANNEXURE-II to this report.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
The Company has constituted the Corporate Social Responsibility (CSR) Committee of the Board in accordance with the provisions of Section 135 of the Companies Act, 2013, read with the Companies (Corporate Social Responsibilities) Rules, 2014, as amended. During the year, the said policy has been reviewed by the Board of Directors of the Company.
For FY 2025-26, the CSR liability of the Company was Rs. 38,99,369/- (Rupees Thirty-Eight Lacs Ninety-Nine Thousand Three Hundred Sixty-Nine Only). The Board has approved carrying forward the excess CSR spent amount of Rs. 2,82,098/- for FY 2025-26. The details of CSR spend is attached in the CSR report attached as ANNEXURE-III.
The CSR policy of the company is displayed on the website of the company on www.asl.net.in. The Company is committed to undertaking its CSR responsibility and initiatives in letter and spirit and will undertake to spend towards effective causes in line with the CSR policy of the company.
The Companys CSR Policy statement and annual report on the CSR activities undertaken during the financial year ended March 31, 2026, in accordance with Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) is set out in ANNEXURE-III to this report.
ANNUAL RETURN
Pursuant to Section 92(3) read with Section 134(3)(a) of Companies Act, 2013, the Annual return as on March 31, 2026 is available on the website of the company on www.asl.net.in.
AUDITORS AND AUDITORS REPORT
Statutory Auditors and their Report
The Company has appointed M/s. K J K & Associates, Chartered Accountants (Firm Registration No. 112159W), were appointed as the Statutory Auditors of the Company with effect from November 12, 2025 to fill the casual vacancy caused by the resignation of the previous Statutory Auditors, M/s. Ummed Jain & Co., Chartered Accountants (Firm Registration No. 119250W), and hold office until the conclusion of this Annual General Meeting.
Accordingly, the Board recommends the appointment of M/s. K J K & Associates, Chartered Accountants (Firm Registration No. 112159W), as the Statutory Auditors of the Company for a term of five consecutive years, to hold office from the conclusion of this Annual General Meeting until the conclusion of the Annual General Meeting to be held in the year 2031 at a remuneration of Rs. 10,00,000/- (Rupees Ten Lacs only) plus applicable taxes and reimbursement of out-of-pocket expenses, as may be mutually agreed upon between the Board of Directors and the said Auditors.
The Statutory Auditors Report being self-explanatory, do not require any reply from the Board of Directors of the Company.
Secretarial Auditors and their Report
The Company has appointed M/s N L Bhatia & Associates, Company Secretaries as the Secretarial Auditors of the Company for the period of 5 (five) years from FY 2025-26 till FY 2029-30 under the provisions of Section 204 of the Companies Act, 2013. The Secretarial Auditors Report for Financial Year 2025-26 is attached as ANNEXURE-IV to this Report.
The Secretarial Compliance Report for the financial year ended March 31, 2026, in relation to compliance of all applicable SEBI Regulations/circulars/guidelines issued thereunder, pursuant to requirement of Regulation 24A of Listing Regulations is on the website of the Company.
The Company has noted the observation of the Secretarial Auditor and has now put a stringent compliance system in place to minimize the penalties and delay in filings. The Company assures its stakeholders that it strives to reduce such delays in future.
The copy of the Secretarial Audit Report is attached as ANNEXURE-IV to this report.
Cost Auditors
The Company is not required to appoint any Cost Auditors or maintain cost records for the Company during the year under review.
Internal Auditors
The Board had appointed M/s. Anjani Goyal & Co. Chartered Accountants as the Internal Auditors for FY 2025-26. The Board appointed M/s. Anjani Goyal & Co. Chartered Accountants as the Internal Audits for Financial Year 2025-26. The remarks of the Internal Auditors Report are placed before the Audit Committee and Board of Directors for their review and process improvement.
INTERNAL FINANCIAL CONTROLS
The Management continuously reviews the Internal Control Systems and procedures for the efficient conduct of the Companys business. The Company adheres to the prescribed guidelines with respect to the transactions, Financial Reporting and ensures that all its assets are safeguarded and protected against losses. The Internal Auditor of the Company conducts the Audit on regular basis and the Audit Committee actively reviews Internal Audit Reports and effectiveness of Internal Control Systems.
Internal Control Systems are implemented to safeguard the Companys assets from loss or damage, to keep constant check on the cost structure, to prevent revenue leakages, to provide adequate Financial and Accounting Controls and implement Accounting Standards.
RISK MANAGEMENT POLICY
The Board of Directors have constituted a Risk Management Committee consisting of the heads of finance, administration and operations of the company. The Risk Management Committee of the Company has been entrusted by the Board with the responsibility of reviewing the risk management process in the Company and ensuring that the risks are brought within acceptable limits.
Mitigation plans to significant risks are well integrated with functional and business plans and are reviewed on a regular basis by the senior leadership. The Company endeavours to continually sharpen its Risk Management systems and processes in line with a rapidly changing business environment. The Company, through its risk management process, aims to contain the risks within its risk appetite.
There are no risks which in the opinion of the Board threaten the existence of the Company. However, some of the risks which may pose challenges are set out in the Management Discussion and Analysis which forms part of this Annual Report.
The Board of Directors of the Company, on the recommendation of the Risk Management Committee has developed risk management policy for the Company to articulate the Companys approach to address the uncertainties in its endeavour to achieve its stated and implicit objectives and the same is available at the website of the Company at www.asl.net.in.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The information required to be furnished pursuant to Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of Companies (Accounts) Rules, 2014 is enclosed as ANNEXURE-V and forms part of this Report.
CORPORATE GOVERNANCE REPORT
In compliance with Regulation 34 of the Listing Regulations, a separate report on Corporate Governance along with a certificate from the Auditors on its compliance is attached to this Report. The same is attached to this Report as ANNEXURE-VI.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis as stipulated under the Listing Regulations is presented in a separate section forming part of this Annual Report.
POLICY ON PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE
As per the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (hereinafter referred to as "Prevention of Sexual Harassment Act"), the Company has formulated a Policy on Prevention of Sexual Harassment at Workplace for prevention, prohibition and redressal of sexual harassment at workplace and an Internal Complaints Committees has also been set up to redress any such complaints received.
The Company is committed to providing a safe and conducive work environment to all of its employees and associates. The Company periodically conducts sessions for employees across the organization to build awareness about the Policy and the provisions of Prevention of Sexual Harassment Act.
The Company has not received any complaints during the Financial Year 2025-26.
Further, the Ministry of Corporate Affairs has introduced an amendment requiring disclosure of POSH compliance in the Boards Report for reports Accordingly, the following disclosure is being made in compliance with the said requirement:
| Sr. No. Particulars | Response |
| 1 Number of Sexual Harassment Complaints received | Nil |
| 2 Number of Complaints disposed off | Not Applicable |
| 3 Number of Cases pending for more than 90 days | Not Applicable |
The composition of the IC Committee is available on the website of the Company.
MATERNITY BENEFIT COMPLIANCE:
The Ministry of Corporate Affairs has introduced an amendment requiring disclosure of POSH compliance in the Boards Report for reports approved in the Board Meeting held on or after July 14, 2025. Accordingly, the following disclosure is being made in compliance with the said requirement under Maternity Benefit Act, 1961:
| Sr. No. Particulars | Response |
| 1 Maternity Leave provisions | Nil |
| 2 Salary and Benefits | Not Applicable |
| 3 Related Employee Entitlements | Not Applicable |
NUMBER OF EMPLOYEES OF ARIHANT SUPERSTRUCTURES LIMITED AS ON THE CLOSURE OF THE FINANCIAL YEAR
| Category | Count |
| Female | 23 |
| Male | 91 |
| Transgender | - |
Total |
114 |
INVESTOR EDUCATION AND PROTECTION FUND (IEPF)
In accordance with the applicable provisions of Companies Act, 2013 (hereinafter referred to as the Act) read with Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 (hereinafter referred to as the IEPF Rules), all unclaimed dividends are required to be transferred by the Company to the IEPF, after completion of seven (7) years. Further, according to IEPF Rules, the shares on which dividend has not been claimed by the shareholders for seven (7) consecutive years or more shall be transferred to the demat account of the IEPF Authority. The details relating to amount of dividend transferred to the IEPF during the FY 2025-26 and corresponding shares on which dividends were unclaimed for seven (7) consecutive years, are provided in the General Shareholders Information section of Corporate Governance report forming part of this Annual Report.
The Company is under process of transfer the unpaid dividend amount and underlying shares to IEPF Account.
CODE OF CONDUCT AND INSIDER TRADING REGULATIONS
The Board of Directors has approved a Code of Conduct which is applicable to the Members of the Board and all Employees in the course of day to day business operations of the Company.
The Code lays down the standard procedure of business conduct which is expected to be followed by the Directors and the designated Employees in their business dealings and in particular on matters relating to integrity in the work place, in business practices and in dealing with Stakeholders.
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated Employees of the Company. The Code requires pre-clearance for dealing in the Companys Shares and prohibits the purchase or sale of Company Shares by the Directors and the designated Employees while in possession of Unpublished Price Sensitive Information in relation to the Company and during the period when the trading window is closed. The Board is responsible for implementation of the Code.
All Directors and the designated Employees have confirmed compliance with the Code, except for the instances as reported to the Stock Exchanges in this regard.
EMPLOYEES:
The employees form an integral part of the success of any Company. The Company on a group level employed as mentioned in the below table employees during the year. The details of employees employed with the Company are as follows:
TOTAL EMPLOYEES FOR THE YEAR
| Company / Entity | MALE | FEMALE | TOTAL |
| Arihant Superstructures Limited (FY 2025-26) | 91 | 23 | 114 |
Subsidiaries |
|||
| Arihant Aashiyana Private Limited (FY 2025-26) | 52 | 17 | 69 |
| Arihant Abode Limited (FY 2025-26) | 88 | 31 | 119 |
| Arihant Vatika Realty Private Limited (FY 2025-26) | 111 | 28 | 139 |
| Dwellcons Private Limited (FY 2025-26) | 2 | 0 | 2 |
| Arihant Gruhniman Private Limited (FY 2025-26) | - | - | - |
Total employees in subsidiaries |
253 |
76 |
329 |
GRAND TOTAL |
344 |
99 |
443 |
OTHER DISCLOSURES:
APPRECIATION
The Board of Directors place on record sincere gratitude and appreciation for all the employees at all levels for their hard work, solidarity, cooperation and dedication during the year. The Board conveys its appreciation for its customers, shareholders, suppliers as well as vendors, Bankers, Business Associates, Regulatory and Government Authorities for their continued support.
| By Order of the Board Arihant Superstructures Limited |
Ashokkumar B. Chhajer Chairman & Managing Director DIN: 0196509 |
| Place: Navi Mumbai Date: 07.08.2026 |
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2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
