Arkade Developers Ltd

Arkade Developers Ltd reported a 17% YoY increase in pre-sales, reaching ₹901 crore for FY26, driven by strong residential demand. Total revenue rose by 19% YoY to ₹828 crore. The company's acquisition of Filmistan resulted in a one-time exceptional accounting impact of ₹182 crore. Arkade's project pipeline expanded to a GDV of ₹12,800 crore. The Filmistan development is projected to contribute ₹1,000-1,200 crore to the bottom line over the next 3-5 years.

Arkade Developers Ltd. approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during its board meeting held on May 27, 2026. The board also approved the reappointment of M/s. Joshi Apte and Associates as Cost Auditors and M/s Amit T. Jain & Co as Internal Auditors for FY 2026-2027. Additionally, the "Arkade Employee Stock Option Plan 2026" was approved, subject to shareholder approval. The auditors, M/s. Mittal & Associates, issued an audit report with an unmodified opinion on the financial results.

Arkade Developers Ltd announced its audited financial results for FY26, reporting a 19% increase in total revenue to ₹828 crore compared to ₹695 crore in FY25. Pre-sales for FY26 rose by 17% to ₹901 crore. The company's EBITDA stood at ₹189 crore with a margin of 23%, and net profit was ₹5 crore. Arkade has a strong project pipeline with an estimated GDV of ₹12,800 crore.

Arkade Developers Ltd has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board re-appointed M/s. Joshi Apte and Associates as Cost Auditors and M/s Amit T. Jain & Co as Internal Auditors for FY 2026-2027. The board also approved the “Arkade Employee Stock Option Plan 2026”, subject to shareholder approval. Statutory Auditors, M/s. Mittal & Associates, issued an Audit Report with an unmodified opinion on the financial results.

Arkade Developers Ltd. has secured the cluster redevelopment rights for 9 societies in Kandivali East, Mumbai, with a projected Gross Development Value (GDV) of approximately ₹1,100 crore. The project spans approximately 3 acres and features premium residences across 325,000 sq. ft. saleable area. This initiative aims to transform the neighborhood into a vibrant community with modern amenities and landscaped spaces, reinforcing Arkade’s commitment to quality and community-centric development in the MMR region.

Arkade Developers Ltd has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve the audited financial results (standalone and consolidated) for the fourth quarter and year ended March 31, 2026. The board will also consider approving the "Arkade Employee Stock Option Plan 2026". The trading window has been closed from April 1, 2026, and will remain closed until 48 hours after the financial results are declared.

Arkade Developers Ltd. has released the Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of IPO proceeds. The report indicates no deviations from the IPO's stated objectives. Net proceeds from the IPO were revised to ₹3,800.75 million due to higher than estimated issue expenses.

Arkade Developers Ltd. has received an order from the Assistant Commissioner (Appeals Thane), Central Goods and Services Tax and Central Excise Thane Commissionerate, imposing a tax demand of ₹1,14,62,603 and a penalty of ₹11,46,260 under the CGST Act, 2017. The GST department disallowed Input Tax Credit (ITC) for certain transactions during FY19-20, FY20-21, and FY21-22. The company is evaluating legal options and considering filing an appeal, but anticipates no material impact on its financial or operational activities.

Arkade Developers Ltd. has announced the receipt of the Occupation Certificate (OC) for its residential project situated at Malad West on 30.03.2026. This signifies that the project has been completed in accordance with the approved plans and local building regulations.

Arkade Developers Ltd has received a certified copy of the order on the Scheme of Arrangement between Flimistan Private Limited and Arkade Developers Limited. The scheme, approved by the NCLT, will be effective from 1st August, 2025. Both companies have filed E-Form INC-28 with the ROC. The scheme involves the demerger of Filmistan, a wholly owned subsidiary of Arkade Developers, into Arkade Developers. Filmistan is involved in the manufacturing, production, distribution and exhibition of cinematographic films and pictures, while Arkade Developers is engaged in the redevelopment of existing structures and new development projects including all aspects of real estate development.