This is a regulatory disclosure filed by Arkade Developers Limited with the BSE and NSE, pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company announces the completion of its acquisition of Woollen and Textile Industries Limited (WTIL).
The disclosure references an earlier intimation dated January 29, 2026, regarding board approval for this acquisition. The company has now executed a Share Purchase Agreement (SPA) for the acquisition of 100% of the shares in WTIL, making it a wholly-owned subsidiary of Arkade Developers Limited. The acquisition was completed on November 3, 2026.
Key Details of the Acquisition:
- Target Entity: Woollen and Textile Industries Limited (WTIL)
- Financials of Target (as of March 31, 2026): Net worth was ₹199.91 Crore; Turnover was ₹0.18 Crore.
- Related Party Transaction: The acquisition is confirmed not to be a related party transaction. The promoter/promoter group/group companies have no interest in the acquired entity.
- Industry of Acquired Entity: Real Estate
- Purpose and Impact: The acquisition is intended to facilitate smoother expansion of operations in the real estate sector and will aid in the development and growth of the company's real estate business.
- Regulatory Approvals: No governmental or regulatory approvals were required for this acquisition.
- Completion Date: The acquisition was completed on November 03, 2026, upon execution of the Share Purchase Agreement.
- Form of Consideration: Cash consideration
- Cost of Acquisition: ₹145.51 Crore
- Percentage Acquired: 100% shareholding
Background on Acquired Entity (WTIL):
- Line of Business: Real Estate
- Date of Incorporation: February 10, 1951
- Historical Turnover:
- FY 2023-24: ₹0.73 Crore
- FY 2024-25: ₹0.45 Crore
- FY 2025-26: ₹0.18 Crore
#ArkadeDevelopers #WTIL #M&A #SEBIDisclosure #RegulatoryCompliance #RealEstate