To, Date: -12/02/2024

Dear Sir / Madam,

Sub: Outcome of Board Meeting held on 12 th February, 2024 ISIN-

Meeting start Time: - 4.00 pm

Meeting end Time: - 4.30 pm

In the meeting of the Board of Directors of the Company members considered the following proposal: -

• 1. Considered, discussed and adopted the Un-Audited Financial Results under regulation 33 of listing agreement for Quarter ended December 31 st, 2023.
• 1. Board authorize Managing Director of the Company to sign Un-Audited Financial Results under regulation 33 of listing agreement for Quarter ended December 31 st , 2023.
• 1. Considered and approved the related party disclosure submitted by the auditor for disclosure under regulation 23(9) for the quarter ended 31 st December, 2023.
• 1. Considered and approved appointment of Mr. Pramod Deshpande as the Chairman of Audit Committee.
• 1. Considered and discussed the proposal to raise funds through issuance of Non- Convertible Debentures (NCD) of value 700,000,000/- with ICICI Venture Fund Management for Arihant Superstructures Limited
• 1. Considered and discussed the proposal to grant Corporate Guarantee/ be Co- Borrower for the proposal to avail Term loan of Rs. 1,400,000,000/- (Rupees One Hundred and Forty Crore only) by the subsidiary Arihant Ashiyana Private Limited from HDFC Bank Limited

• 1. Considered and discussed the proposal to avail Term loan of Rs. 385,000,000/- (Rupees Thirty-Eight Crore Fifty Lakhs only) for Arihant Superstructures Limited.
• 1. No other matter for discussion the meeting was concluded with vote of thanks.

Kindly take it on record.

Thanking You,

FOR ARIHANT SUPERSTRUCTURES LIMITED

Ashokkumar Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.02.12 16:44:35 +05'30'

Ashokkumar Chhajer Chairman & Managing Director DIN: 01965094

To, Date:- 12/02/2024

Dear Sir / Madam,

Sub: Submission of Financial Result as per Regulation 33(3)(a) Financial Results of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir,

As per Regulation 33(3) (a) Financial Results of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby by submit the Un-Audited Standalone and Consolidated Financial results for the Quarter ended 31 st December, 2023.

Kindly take note of the above.

Thanking you,

Yours faithfully,

FOR ARIHANT SUPERSTRUCTURES LIMITED

Ashokkumar Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.02.12 16:44:59 +05'30'

Ashokkumar Chhajer Chairman & Managing Director DIN: 01965094

${\bf ARIHANT\; SUPBRSTRUCTURES\; LIMITED}$ ${\bf CIN: L51900MH1983PLCO29643}$ Regd Office: Arihant Aura, B-Wing, 25th Floor, Plot No. 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai - 400 705
Tel: 022 – 62493333 Fax: 022 – 624933

Unaudited Standalone Financial Results for the Quarter and Nine Months Ended December 31, 2023

*Company has issued 20,50,000 share warrants on 20.12.2023 which will be converted into 20,90,000 equity shares.

$\alpha$ is

The above unaudited standalone Financial Results for the quarter a.nd nine months ended December 31,202 which aie published in accordance with Regulation 33 of the SEBI (Listing obligations & DisclDsur Requirements) Regulations, 2015 have been reviewed by the Audit Committee ard app;oved by the Board Directorc at their rcspective meeting held on February 12, 2024. T]'e statutory audito.s of the comDanv ha carried out the limited rcview of above financial results of the company and expressed an unmodilied

The company had issued and allotted wa:rrant on a preferential basis up to 2O9OOOO (Twenty Lskhs Thousand only) fully convertible wair€-nts (,'War:rar:1ts,] to the peNon being €r individusl/entity not be to the Promoter Category {"Proposed W.rrant Allottee.), based on the r€ceipt of in_principle .pprouJ oi Seplember, sth, 2023 under Regulation 28(1) of Securities and Exchange Board of India eagJ 1 llisting obligations and Disclosurc Requirements) Regulations, 2015 for each convertibte into, or e'rchangeable far, an option of the Pmposed Warrant Allottee, in one or more tra.nches! one Equity Sha.re (pari_ pissu) of l: value of INR lo/- each, for cash at a.n issue price of INR 18o.071l- pei warmnt linctuaing a pr;mium ot INR 770.077/- per ws''a',t) which is more than the price as deterrnined by the Board in accordance with the pricing guidelines prescribed under chapter v of the SEBI ICDR Regulations {"warr€nt Issue price') for an amount not exceeding INR 50,00,oo'o00 (Indian Rupees Fifty crores), a''d to issue fresh Equity shares on the conversion of wairants on such terms and conditions as may be determined by the Board in accorda.nce wi the provisions of Chapter V of the SEBI ICDR Regulaiions or other applicabte laws.

As the compary's business activity ratls within a singre business segment vi. 'Development of Real Estate Property', the unaudited standalone findrciat results are reflective of the information required by Ind As ¹⁰⁸ "OpeIating segments".

In terms of the Accounting Policy for revenue recog4ition, €stimates of rcvenues and costs are reviewed periodicaly by the management and the impact of any cha.nge in such estimates €re recognized in the period in which such changes are determined.

Figures for Previous Period/year have been regrouped/re-a_rranged and rc-classitieat wherever.re confirm to current perjod's classilicarion. ^

Date I Febru,,ry L2,2024 e: Nal'l Mumbat cI : L51900MH1983H6O29643

{ChalfmaD & Managtng Dtr€ctot}

^ ;)

ARIHANT SUPERSTRUCTURES LIMITED

CIN: L51900MH1983PLC029643

$\operatorname{Regd}$ Office: Arihant Aura, B-Wing, 25th Floor, Plot No. 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai - 400 705

Tel: 022 - 62493333 Fax: 022 - 62493334 E-Mail: [email protected]

Unaudited Consolidated Financial Results for the Quarter & Nine Month Ended December 31, 2023

Notes:

1 The Unaudited Consolidated Financial Results for the quarter and nine months ended December 31, 2023 which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on February 12, 2024. The statutory auditors of the Company have carried out the limited review of above financial results of the Group and expressed an unmodified conclusion, except for M/s Dwellcons Private Limited the accounts of which were not subjected under limited review.

2 The Standalone Financial Results for the quarter and nine months ended December 31, 2023 are summarized below and detailed have been submitted to the BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com), where the equity shares of the Company are listed.

3 The above stated figures are in accordance with the principles and procedures of Indian Accounting Standards ("Ind AS") as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013, wherein Standalone Net Worth as at 31.12.2023 and Profit After Tax (PAT) for the quarter ended 31.12.2023 of Holding and Subsidiaries are as follows -

4 The Subsidiaries considered in the Consolidated Financial Statements as at December 31, 2023 are namely Arihant Abode Ltd (60%), Arihant Vatika Realty Pvt. Ltd (60%), Arihant Gruhnirman Pvt. Ltd (60%), and Arihant Aashiyana Pvt. Ltd (60%), Dwellcons Pvt. Ltd (100%).

5 The company had issued and allotted warrant on a preferential basis up to 2090000 (Twenty Lakhs Ninety Thousand only) fully convertible warrants ("Warrants") to the person being an individual/entity not belonging to the Promoter Category ("Proposed Warrant Allottee"), based on the receipt of inprinciple approval on September, 5th, 2023 under Regulation 28(1) of Securities and Exchange Board of India Page 1 (Listing Obligations and Disclosure Requirements) Regulations, 2015 for each convertible into, or exchangeable for, at an option of the Proposed Warrant Allottee, in one or more tranches, one Equity Share (pari- passu) of face value of INR 10/- each, for cash at an issue price of INR 180.071/- per Warrant (including a premium of INR 170.071/per Warrant) which is more than the price as determined by the Board in accordance with the pricing guidelines prescribed under Chapter V of the SEBI ICDR Regulations ("Warrant Issue Price") for an amount not exceeding INR 50,00,00,000 (Indian Rupees Fifty Crores), and to issue fresh Equity Shares on the conversion of Warrants on such terms and conditions as may be determined by the Board in accordance with the provisions of Chapter V of the SEBI ICDR Regulations or other applicable laws.

6 As the Company's business activity falls within a single business segment viz. 'Development of Real Estate Property', the unaudited consolidated financial results are reflective of the information required by Ind AS 108 "Operating segments".

7 In terms of the Accounting Policy for revenue recognition, estimates of revenues and costs are reviewed periodically by the management and the impact of any change in such estimates are recognized in the period in which such changes are determined.

8 Figures for Previous Period/year have been regrouped/re-arranged and re-classified wherever considered to confirm to current period's classification.

Date: February 12, 2024 Place: Navi Mumbai

CIN: L51900MH1983PLC029643

Statement of Related Party Transactions
Period from :- 01-10-2023 to 31-12-2023

Arihant Superstructures Ltd.

Unsecured Loan Taken by the Company

Loans & Advances(Asset) given by the Company

Deposit Against Office

Digitally signed by

Ashokkumar Ashokkumar

Bhanwarlal

Chhajer

Chhajer

The Exer 2024.02.12

16:45:27 +05'30'

To, Date: - 12/02/2024

Sub: Declaration pursuant to Regulation 33(d) of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

I, Ashokkumar Chhajer, Chairman & Managing Director of ARIHANT SUPERSTRUCTURES LIMITED (CIN:) ("the Company"), hereby declare that M/s. Ummed Jain & Co., Chartered Accountants, (FRN: 119250W), the Statutory Auditors of the Company have issued an Limited Audit Report with unmodified opinion on the Un-Audited financial result (standalone and consolidated) of the Company for the Quarter ended 31 st December, 2023. This declaration is given pursuant to Regulation 33(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended read with circular number ClR/CFD/CMD/SB/ZOlS dated May 27, 2016.

Kindly take note of the above.

Thanking you,

Yours faithfully,

FOR ARIHANT SUPERSTRUCTURES LIMITED

Ashokkumar Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.02.12 16:45:42 +05'30'

Ashokkumar Chhajer Chairman & Managing Director DIN: 01965094

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of Arihant Superstructures Limited Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report To, The Board of Directors Arihant Superstructures Limited

• 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Arihant Superstructures Limited ("the Company") for the quarter ended December 31, 2023 (the 'Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI Regulations, (the "Listing Obligation and Disclosure Requirements) Regulation 2015, as amended (the "Listing Regulations").
• 1. The Company's management is responsible for the preparation of the statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ('Ind AS 34') "Interim Financial Reporting" prescribed under section 133 of Companies act, 2013 as amended, read with relevant rules and regulations issued thereunder and other accounting principles generally accepted in India and in compliance with regulation 33 of the Listing Regulations as amended. The statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the statement based on our review.
• 1. We conducted our review of the Statement in Accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of Interim Financial Information consists of making inquiries, primarily of persons responsible for financial and accounting matter, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under section 133 of The Companies Act, 2013 as amended, read with other relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Ummed Jain & Co. Chartered Accountants Firm Registration No.: 119250W

Irons

Ummed M. Jain Partner Membership No.: 070863 UDIN: 24070863BKEHHD7498 Place: Mumbai Date: February 12,2024

51, Snehdhara, Jeevan Vikas Kendra Marg Andheri (E), Mumbai - 400 069 Tel.: 022-26827498 9323600966, 8890033333 [email protected] [email protected]

Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of Arihant Superstructures Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report To. The Board of Directors Arihant Superstructures Limited

• We have reviewed the accompanying Statement of Unaudited Consolidated Financial 1. Results of Arihant Superstructures Limited ("the Holding") and its subsidiaries (the Holding and its subsidiaries together referred to as 'the Group'), for the quarter ended December 31, 2023, (the "Statement") attached herewith, being submitted by the Holding pursuant to the requirements of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations").
• The Holding Company's management is responsible for the preparation of the statement 2. in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ('Ind AS 34') "Interim Financial Reporting" prescribed under section 133 of Companies act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with regulation 33 of Listing Regulations. The statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the statement based on our review.
• We conducted our review of the Statement in Accordance with the Standard on Review 3. Engagements (SRE) 2410, "Review of Interim Financial Information Performed by Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of Interim Financial Information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

performed Circular No. procedures in accordance with the We also CIR/CFD/CMD1/44/2019 dated March 29. 2019 issued by the Securities and Exchange

Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

• The Statement includes the results of the following entities: $4.$

• Arihant Abode Limited:

• Arihant Vatika Realty Private Limited;

• Arihant Aashiyana Private Limited;

• $\triangleright$ Arihant Gruhnirman Private Limited;
• $\triangleright$ Dwellcons Private Limited
• Based on our review conducted and procedures performed as above, nothing has 5. come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under section 133 of The Companies Act, 2013 as amended, read with other relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• The accompanying statement includes unaudited Financial Statements of 6. Dwellcons Private Limited which have not been reviewed by their auditors and have been approved and furnished to us by the management and our conclusion on the statement, in so far based on un-reviewed financials. According to information and explanations given to us by Management, these financials are not material to the group. The company was taken over by Arihant Superstructures Limited on 21 December 2023 as 100% Subsidiary.

For Ummed Jain & Co. Chartered Accountants Firm Registration No.: 119250W

Ummed M. Jain Partner Membership No.: 070863 UDIN: 24070863BKEHHE5494 Place: Mumbai Date: February 12, 2024