Board Meeting Details

The Board of Directors meeting was held on Wednesday, October 28, 2026, commencing at 11:30 AM and concluding at 5:00 PM.

Key Decisions and Approvals

1. Financial Results Approval

The Board considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. The results were reviewed by the Audit Committee and include Limited Review Report from statutory auditors Mittal & Associates.

2. Wholly Owned Subsidiary Incorporation

The Board approved the incorporation of a Wholly Owned Subsidiary (WOS) of the Company. Disclosures as required under SEBI Listing Regulations will be submitted post-incorporation.

3. Management Change

Ms. Sheetal Solani (Membership No.: A45964), Company Secretary and Compliance Officer, will go on maternity leave effective November 30, 2026. The Board approved the appointment of Ms. Maria S John (Membership No.: A75666) as Interim Company Secretary and Compliance Officer effective December 1, 2026. This appointment is limited to secretarial and compliance functions and does not constitute appointment as a Key Managerial Personnel (KMP).

Financial Performance Highlights (Standalone)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹1,446.50 lakhs (vs ₹2,615.43 lakhs in Q2 FY25) - 45% decrease
  • Total Income: ₹1,468.75 lakhs (vs ₹2,630.14 lakhs in Q2 FY25)
  • Profit before tax: ₹332.33 lakhs (vs ₹600.42 lakhs in Q2 FY25) - 45% decrease
  • Net profit: ₹247.65 lakhs (vs ₹446.66 lakhs in Q2 FY25) - 45% decrease
  • Basic EPS: ₹1.35 (vs ₹2.41 in Q2 FY25)
  • Diluted EPS: ₹1.35 (vs ₹2.41 in Q2 FY25)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹2,916.21 lakhs (vs ₹4,209.89 lakhs in H1 FY25) - 31% decrease
  • Total Income: ₹2,955.42 lakhs (vs ₹4,285.61 lakhs in H1 FY25)
  • Profit before tax: ₹594.73 lakhs (vs ₹982.43 lakhs in H1 FY25) - 39% decrease
  • Net profit: ₹439.79 lakhs (vs ₹734.21 lakhs in H1 FY25) - 40% decrease
  • Basic EPS: ₹2.38 (vs ₹3.95 in H1 FY25)
  • Diluted EPS: ₹2.38 (vs ₹3.95 in H1 FY25)

Comparative Quarterly Performance (Q2 FY27 vs Q1 FY27)

  • Revenue from operations: ₹1,446.50 lakhs (vs ₹1,469.70 lakhs in Q1 FY27) - 2% decrease
  • Total Income: ₹1,468.75 lakhs (vs ₹1,486.66 lakhs in Q1 FY27)
  • Profit before tax: ₹332.33 lakhs (vs ₹262.40 lakhs in Q1 FY27) - 27% increase
  • Net profit: ₹247.65 lakhs (vs ₹192.14 lakhs in Q1 FY27) - 29% increase

Financial Position (Standalone as at September 30, 2026)

Assets

  • Total assets: ₹11,730.97 lakhs (vs ₹11,270.49 lakhs as at March 31, 2026)
  • Non-current assets: ₹917.97 lakhs
  • Current assets: ₹10,813.00 lakhs (including inventories of ₹9,017.65 lakhs)
  • Cash and cash equivalents: ₹80.56 lakhs (vs ₹232.11 lakhs as at March 31, 2026)

Equity and Liabilities

  • Total equity: ₹9,268.27 lakhs
  • Paid-up equity capital: ₹1,856.64 lakhs (face value ₹10 per share)
  • Other equity: ₹7,411.63 lakhs
  • Non-current liabilities: ₹530.38 lakhs
  • Current liabilities: ₹1,932.32 lakhs

Cash Flow (Standalone H1 FY27)

  • Net cash from operating activities: ₹894.07 lakhs
  • Net cash used in investing activities: ₹(620.04) lakhs
  • Net cash used in financing activities: ₹(428.05) lakhs
  • Net decrease in cash: ₹(151.55) lakhs

Consolidated Financial Performance

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹1,446.50 lakhs
  • Profit before tax: ₹332.73 lakhs
  • Net profit: ₹248.06 lakhs
  • Basic EPS: ₹1.35
  • Diluted EPS: ₹1.35

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹2,916.21 lakhs
  • Profit before tax: ₹593.79 lakhs
  • Net profit: ₹438.84 lakhs
  • Basic EPS: ₹2.38
  • Diluted EPS: ₹2.38

Subsidiaries and Associates

The Group comprises:

  • Subsidiaries: Arkade Paradigm, Arkade Realty, Filmistan Private Limited (wholly owned), Assist 360 Facility Management Private Limited (wholly owned)
  • Associates: Atul & Arkade Realty, Bhoomi & Arkade Associates

Accounting Notes

  • During Q2 FY27, the Company allocated employee costs of ₹1.89 crore directly to inventory for real estate projects
  • The Company operates in one segment: Real Estate Development
  • Figures have been regrouped where necessary for current period classification