Date: November 12, 2026
Board Meeting Outcomes
- The Board approved the incorporation of a wholly owned subsidiary company as per letter dated October 28, 2026
- Ministry of Corporate Affairs approved the incorporation on November 12, 2026
Subsidiary Details
Name: Arkade Estates Private Limited
Date of Incorporation: November 12, 2026
Country of Incorporation: India
Industry: Real Estate (yet to commence business operations)
Business Activity: Development of real estate projects including residential, commercial, mixed use projects etc.
Ownership Structure
- Arkade Estates Private Limited is a Wholly Owned Subsidiary (WOS) of Arkade Developers Ltd
- Arkade Developers Limited holds 100% shares of the Company
Capital Structure
Authorised Share Capital: ₹5,00,000/- (Rupees Five Lakhs only) divided into 50,000 equity shares of ₹10/- each
Subscribed Capital: ₹1,00,000 divided into 10,000 equity shares of ₹10 each
Consideration: 100% subscription to the initial paid-up share capital in cash
Regulatory Approvals
- No regulatory approvals required for the acquisition
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference: SEBI Master Circular No. HO/49/14/14(7) 2025-CFD-POD2/1/3762/2026 dated 30 January 2026