logo
Arvind SmartSpaces appoints Priyansh Kapoor as Whole Time Director & CEO for five years

Arvind SmartSpaces appoints Priyansh Kapoor as Whole Time Director & CEO for five years

Business Upturn2 days ago
By Aditya Bhagchandani Published on July 21, 2025, 18:44 IST
Arvind SmartSpaces Limited announced on July 21, 2025, that its Board of Directors has approved the appointment of Mr. Priyansh Kapoor as Whole Time Director & CEO, effective from August 9, 2025, for a term of five years. The appointment is subject to shareholders' approval, as per applicable provisions of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company communicated this development to the BSE and NSE, citing the recommendation of its Nomination and Remuneration Committee. The appointment was disclosed in compliance with Regulation 30 of the SEBI Listing Regulations. Brief profile of Mr. Priyansh Kapoor:
Mr. Kapoor brings over 16 years of experience in leadership roles, mainly in the real estate sector. He began his career at Godrej Properties Limited (GPL) in sales and marketing, rising to become General Manager – Sales & Marketing. Later, he joined The Wadhwa Group as Head of Sales, Marketing & CRM, driving significant growth. In 2019, he moved to Godrej Housing Finance as Head of Business Development & Strategy and, since 2020, has been CEO – Mumbai Zone at GPL, where he contributed to making GPL the second-largest residential developer in MMR by booking value.
He holds a Post Graduate Diploma in Management from Xavier Institute of Management.
The company also confirmed that Mr. Kapoor is not related to any other director of Arvind SmartSpaces and is not debarred from holding office under any SEBI or other authority's order.
For further details, the company has submitted the prescribed disclosure as per SEBI regulations.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Last day to buy shares of Cholamandalam Investment & Finance, CG Consumer, Hero MotoCorp, and others to be eligible for dividend
Last day to buy shares of Cholamandalam Investment & Finance, CG Consumer, Hero MotoCorp, and others to be eligible for dividend

Business Upturn

timean hour ago

  • Business Upturn

Last day to buy shares of Cholamandalam Investment & Finance, CG Consumer, Hero MotoCorp, and others to be eligible for dividend

This week marks an important window for investors looking to secure dividends from several prominent Indian companies. Shares of Cholamandalam Investment & Finance, Crompton Greaves Consumer Electricals, and Hero MotoCorp among others will trade ex-dividend this week, as per data from BSE. The ex-dividend date is the day when the stock starts trading without the value of its next dividend. Investors who purchase shares on or after the ex-dividend date are not eligible for the declared dividend, while those who own the stock before this date remain entitled to it. Here's a day-wise list of notable companies whose shares will turn ex-dividend this week: Monday, July 21, 2025 Acceleratebs India Anupam Rasayan India OCCL Orient Bell Shree Cement Thangamayil Jewellery Windlas Biotech Tuesday, July 22, 2025 Happy Forgings Hind Rectifiers Menon Pistons SIL Investments Siyaram Silk Mills Strides Pharma Science Voltamp Transformers Wires & Fabriks SA Wednesday, July 23, 2025 Aditya Birla Sun Life AMC Advanced Enzyme Technologies Banswara Syntex Bhatia Communications & Retail D B Corp EL CID Investments Greaves Cotton Heritage Foods K P R Mill Mahindra Logistics Metal Coatings India NESCO Novartis India Pidilite Industries Precision Camshafts Route Mobile Sonata Software Thursday, July 24, 2025 Cholamandalam Investment & Finance Company Crompton Greaves Consumer Electricals Hero MotoCorp 20 Microns Birlanu Bliss GVS Pharma Fiem Industries Hatsun Agro Product IVP Paushak Privi Speciality Chemicals Radico Khaitan Sanco Trans TCPL Packaging Friday, July 25, 2025 Some of the major names: 3M India Abbott India Akzo Nobel India Arvind Divis Laboratories Fortis Healthcare GMM Pfaudler Info Edge (India) Jubilant Ingrevia KEC International Life Insurance Corporation of India (LIC) Lupin Nelcast Union Bank of India Zydus Lifesciences Investors aiming to receive these dividends should ensure they purchase shares at least one trading day before the ex-dividend date. This is crucial because settlement in India follows the T+1 cycle, which means shares bought on the ex-date won't reflect in your account in time to qualify. With many blue-chip and mid-cap companies declaring dividends this season, market watchers see it as an opportunity for investors to lock in steady returns. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Paytm shares in focus today after strong Q1 results; first operationally-led profit since listing
Paytm shares in focus today after strong Q1 results; first operationally-led profit since listing

Business Upturn

timean hour ago

  • Business Upturn

Paytm shares in focus today after strong Q1 results; first operationally-led profit since listing

Shares of One 97 Communications Ltd, the parent of Paytm, are expected to remain in focus in today's trade after the company posted a consolidated net profit of ₹123 crore for Q1 FY26, marking its first operationally-led quarterly profit since listing. For the quarter ended June 30, 2025, Paytm reported a turnaround from a net loss of ₹839 crore a year ago, supported by robust lending business and tighter control on costs, particularly marketing and employee expenses. The company also delivered a positive EBITDA of ₹72 crore, compared to an EBITDA loss in both Q4 FY25 and Q1 FY25, aided by operating leverage and improved contribution margins. Revenue from operations stood at ₹1,918 crore, growing 28% year-on-year, while total income rose to ₹2,159 crore. Contribution profit grew 52% YoY to ₹1,151 crore, with contribution margins improving to 60%, up from 50% a year earlier. The number of subscription-based merchant devices hit an all-time high of 1.3 crore during the quarter, as the company optimised device costs and improved sales productivity. Paytm's financial services revenue doubled YoY to ₹561 crore, led by strong growth in merchant loans and improved collection efficiency. In comparison to Q2 FY25, where Paytm posted a net profit of ₹153 crore due to a one-time gain from selling its entertainment ticketing business, the ₹123 crore profit this quarter reflects core operational strength, as it benefited from lower ESOP charges and AI-driven efficiency gains. On July 22, Paytm shares closed 3.5% higher at ₹1,053 on the BSE. The stock's movement today will be closely watched as investors react further to the company's improved fundamentals and outlook. Paytm ended the quarter with a healthy cash balance of ₹12,872 crore, up by ₹4,764 crore over the past year, aided by monetisation of non-core assets. The company continues to focus on expanding its merchant base, digital financial services, and AI-led innovations. With its payments business stabilising and merchant loans gaining traction despite RBI's tighter rules on unsecured lending, Paytm appears to be on a path of sustainable profitability. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Indian Infotech & Software board approves Rs 46.45 crore rights issue; record date set for July 28
Indian Infotech & Software board approves Rs 46.45 crore rights issue; record date set for July 28

Business Upturn

time11 hours ago

  • Business Upturn

Indian Infotech & Software board approves Rs 46.45 crore rights issue; record date set for July 28

Mumbai-based Indian Infotech and Software Limited has announced the details of its upcoming rights issue, following the board meeting held on July 22, 2025. The company aims to raise up to ₹46.45 crore through the issue of fully paid-up equity shares. The proposed rights issue involves the issuance of 42.23 crore equity shares at an issue price of ₹1.10 per share (including a premium of ₹0.10), with a face value of ₹1 each. The issue is in line with earlier approvals and has now received in-principle approval from BSE. Advertisement Key highlights of the rights issue: Particulars Details Type of securities Fully paid-up equity shares Mode of issuance Rights issue Total shares to be issued 42,23,47,590 equity shares Issue price ₹1.10 per share (₹1 face value + ₹0.10 premium) Issue size ₹46,45,82,349 Record date July 28, 2025 Rights entitlement ratio 1 equity share for every 3 equity shares held Issue opens on August 6, 2025 Market renunciation ends August 8, 2025 Issue closes on August 13, 2025 (subject to extension, max 30 days) Outstanding shares before issue 126.70 crore equity shares Outstanding shares after full subscription 168.93 crore equity shares The board also approved the Letter of Offer, Abridged Letter of Offer, Entitlement Letter, and the Application Form for the rights issue. The rights entitlement will be credited in demat accounts of eligible shareholders prior to the issue opening date. The board has delegated necessary authorities to the Managing Director, CFO, and Company Secretary for handling documentation and filings related to the issue, including coordination with stock exchanges, depositories, and registrars. BSE, in its in-principle approval, emphasized compliance with all applicable SEBI regulations, proper disclosures in offer documents, and operational requirements such as dispatch of letters and basis of allotment. The board meeting for these decisions commenced at 6:30 PM and concluded at 7:30 PM on July 22, 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store