Arkade Developers logo

Arkade Developers MD, chairman, board of directors and AGM

NSE: ARKADEBSE: 544261RealtySmall Cap

Last close ₹104.50down ₹3.87 (3.57%)BSE ₹104.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹108.37.

52-week range of traded prices to 23 Oct 2026
₹92.62Low, 30 Mar 2026₹175.99High, 3 Nov 2025
Market cap
₹1,940 Cr1,127th largest listed
P/E
Lossover the last 12 months
P/B
2.2
Dividend yield
Nonein the last 12 months
ROE
−0.5%
ROE without one-offs
20.1%
ROCE
17.5%
Debt to equity
0.11
Volume, NSE
1,95,22035.0% delivered

Arkade Developers board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorAmit Mangilal Jain
  • Company Secretary and Compliance OfficerSheetal Solani

6 directors3 independent3 executive

  • Amit Mangilal Jain · Chairperson and managing directorExecutive · joined Dec 1995 · reappointed Jun 2023 · 1 listed board · 1 committee seat
  • Arpit Vikram JainExecutive · joined Feb 2016 · reappointed Jun 2023 · 1 listed board · 1 committee seat
  • Sandeep U JainExecutive · joined Jan 2025 · reappointed Jan 2025 · 1 listed board · 1 committee seat
  • Neha HuddarIndependent · joined Aug 2023 · reappointed Aug 2023 · 37 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 3 as chair
  • Abhishek DevIndependent · joined Nov 2023 · reappointed Nov 2023 · 34 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sumesh MishraIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Ketu Amit Jain, left 24 Jan 2025: Others
  • Hiren Mohanlal Tanna, left 13 Nov 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Aug 20265 of 6 present3 independent · 75 days in between
    • 27 May 20266 of 6 present3 independent
  • Audit Committee

    Chair Neha Huddar

    Abhishek Dev, Arpit Vikram Jain

    • 11 Aug 20263 of 3 present2 independent · 75 days in between
    • 27 May 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Abhishek Dev

    Neha Huddar, Sumesh Mishra, Amit Mangilal Jain

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Neha Huddar

    Amit Mangilal Jain, Sandeep U Jain

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Arpit Vikram Jain

    Amit Mangilal Jain, Abhishek Dev

    • 11 Aug 20263 of 3 present1 independent
  • Corporate Social Responsibility Committee

    Chair Amit Mangilal Jain

    Arpit Vikram Jain, Abhishek Dev

    No meeting listed in the filing.

  • ESG Committee

    Chair Arpit Vikram Jain

    Amit Mangilal Jain, Sandeep U Jain, Abhishek Dev

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s. Mittal & AssociatesPeer-review certificate valid to May 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Arkade Developers AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Arkade Developers dividend history

Annual general meeting, 22 Sep 2026

57,256 shareholders on the register on 15 Sep 2026; present: 1 promoter and 56 others; votes counted by Vijay Yadav / AVS & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%

  3. To appoint a director in place of Mr. Arpit Vikram Jain (DIN: 06899631), who retires by rotation at this Annual General Meeting and being eligible offer himself for re-appointment.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 16.62% · other public 0.00%

    Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%

  4. Ratification of remuneration of Cost Auditors for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%

  5. Introduction and Implementation of Arkade Employees Stock Option Plan (ESOP) 2026
    Special
    99.21% for0.79% against

    Against: promoters 0.00% · institutions 99.39% · other public 0.00%

    Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%

  6. Approval for extending of benefits of Arkade Employee Stock Option Plan 2026 to employees/Directors of Subsidiary Companies
    Special
    99.21% for0.79% against

    Against: promoters 0.00% · institutions 99.39% · other public 0.00%

    Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2025, 6 resolutions

67,670 shareholders on the register on 17 Sep 2025; present: 1 promoter and 63 others; votes counted by Mr. Vijay Yadav / M/s AVS and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 80.75% · promoters 97.74% · institutions 30.93% · other public 38.96%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 80.75% · promoters 97.74% · institutions 30.93% · other public 38.96%

  3. To appoint a director in place of Mr. Amit Mangilal Jain (DIN: 00139764), who retires by rotation at this Annual General Meeting and being eligible offer himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 80.75% · promoters 97.74% · institutions 30.93% · other public 38.96%

  4. To appoint M/s AVS & Associates (FRN: P2016MH54900) as the Secretarial Auditor for a period of five years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 80.74% · promoters 97.74% · institutions 30.93% · other public 38.96%

  5. Ratification of remuneration of Cost Auditors for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 80.74% · promoters 97.74% · institutions 30.93% · other public 38.96%

  6. To amend ‘Arkade Developers Employees Stock Option 2025’.
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 85.06% · other public 0.03%

    Turnout: all 80.74% · promoters 97.74% · institutions 30.93% · other public 38.96%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Apr 2025, 2 resolutions

82,725 shareholders on the register on 14 Mar 2025; votes counted by CS Deepti Joshi / Deepti Joshi and Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sandeep Jain (DIN: 02231601) as Whole Time Director of the Company and remuneration payable to him
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.58% · promoters 97.74% · institutions 5.95% · other public 39.04%

  2. Introduction and Implementation of Arkade Developers Employees Stock Option Plan (ESOP) Scheme 2025.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 80.58% · promoters 97.74% · institutions 5.95% · other public 39.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Jan 2025, 1 resolution

94,765 shareholders on the register on 20 Dec 2024; votes counted by CS Deepti Joshi / Deepti Joshi and Associates.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE APPOINTMENT OF MR. SUMESH ASHOK MISHRA (DIN: 02453513) AS INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.40% · promoters 93.67% · institutions 0.00% · other public 41.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyAssistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate.Since 10 Jul 2026

    Imposition of tax Demand of Rs 13,73,857/- under applicable provisions of the GST Act, 2017

    1. Availment of ITC for certain transactions 2. GST Payable on TDRs 3. Interest on availment of ITC for certain transactions

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesSep 2024, checked by CRISIL Ratings Ltd.410.00Funds to be incurred in the development of our ongoing project (Arkade NEST, Prachi CHSL and C- unit) (Funding Development Expenses)250.00250.00No
Public IssuesSep 2024, checked by CRISIL Ratings Ltd.410.00Funding acquisition of yet-to-be identified land for real estate projects and General corporate purpose130.08130.08No
Public IssuesSep 2024, checked by CRISIL Ratings Ltd.410.00Issue Expenses29.9329.93No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.