Page 15 - Arvind 2024

FY23-24 was a historic year for the Company from a project addition perspective with cumulative new business development topline potential ~Rs. 4,150 Cr* added during the year. ASL added four projects in Ahmedabad, and one each in Bengaluru and Surat.
ƒ Entered Surat with a ~Rs. 1,100 Cr horizontal multi asset township project, spread over 300 acres
ƒ Acquired a new high rise project in Bengaluru with a top line potential of ~Rs. 400 Cr* comprising a saleable area of 4.6 Lac sq ft
ƒ Signed a 500 acre project in NH 47 South Ahmedabad with a revenue potential of ~Rs. 1,450 Cr*
ƒ Signed a 204-acre project in Bavla South Ahmedabad with a revenue potential of ~Rs. 850 Cr*. Project like Uplands 2.0 and 3.0 were successfully launched in Q2
The Board of Directors recommended a final dividend
of Rs. 2.50 per equity share and special dividend of Rs. 1.00 per equity share, totaling Rs. 3.50 per equity share of Rs. 10 each(i.e. 35%). This marks consecutive years of dividend distribution
Concluded the first platform with HDFC Capital Advisors through HCARE 1 fund. The platform delivered strong returns in two- and-half years of operations
ƒ Added a new horizontal project in Ahmedabad spread over 40 acres
with a top line potential of ~Rs. 250 Cr. Project named Rhythm Of Life
was launched in Q4 FY23-24. Platform 2
THAT WAS
Corporate Overview
Statutory Reports Financial Statements
Successfully provided exit to HDFC Capital for the project Arvind Fruits of Life within a year. This project was housed under
Annual Report 2023-24 | 13