Nature of the Disclosure

This is a regulatory filing submitted to BSE Limited (Scrip Code: 544261) and the National Stock Exchange of India Limited (NSE Symbol: ARKADE) by Arkade Developers Limited. The document discloses the outcomes of the Board of Directors meeting held on May 27, 2026, pursuant to SEBI Listing Regulations 30 and 33. It includes the approval of audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, alongside several other corporate approvals.

Key Quantitative Figures & Financial Results

Standalone Financials (Year Ended March 31, 2026):

  • Revenue from Operations: ₹81,608.81 Lakhs
  • Exceptional Items (Impairment): ₹18,217.09 Lakhs
  • Profit Before Tax (PBT): ₹781.42 Lakhs
  • Profit for the Year (PAT): ₹533.96 Lakhs
  • Total Comprehensive Income: ₹524.98 Lakhs
  • Earnings Per Share (Basic): ₹0.29
  • Paid-up Equity Capital: ₹18,566.36 Lakhs (Face value ₹10/share)
  • Other Equity: ₹69,645.89 Lakhs

Standalone Financials (Q4 Ended March 31, 2026):

  • Revenue from Operations: ₹19,862.64 Lakhs
  • Exceptional Items (Impairment): ₹18,217.09 Lakhs
  • Profit Before Tax (PBT): (₹14,373.89 Lakhs) Loss
  • Profit for the Quarter: (₹10,834.81 Lakhs) Loss
  • Total Comprehensive Income: (₹10,828.19 Lakhs) Loss
  • Earnings Per Share (Basic): (₹5.84) Loss

Consolidated Financials (Year Ended March 31, 2026):

  • Profit Before Tax and Share of Profit/(Loss): ₹790.36 Lakhs
  • Share of Profit/(Loss) from Associates: ₹28.12 Lakhs
  • Exceptional Items (Impairment): ₹18,217.09 Lakhs
  • Profit Before Tax: ₹790.36 Lakhs
  • Profit for the Year (PAT): ₹529.37 Lakhs
  • Owners of the company: ₹537.93 Lakhs
  • Non-controlling interest: (₹8.54 Lakhs)
  • Total Comprehensive Income: ₹520.38 Lakhs
  • Owners of the company: ₹528.94 Lakhs
  • Non-controlling interest: (₹8.54 Lakhs)
  • Earnings Per Share (Basic & Diluted): ₹0.29

Consolidated Financials (Q4 Ended March 31, 2026):

  • Profit Before Tax and Share of Profit/(Loss): (₹14,521.28 Lakhs) Loss
  • Share of Profit/(Loss) from Associates: (₹10.97 Lakhs)
  • Exceptional Items (Impairment): ₹18,217.09 Lakhs
  • Profit Before Tax: (₹14,521.28 Lakhs) Loss
  • Profit for the Quarter: (₹10,956.61 Lakhs) Loss
  • Owners of the company: (₹10,945.06 Lakhs)
  • Non-controlling interest: (₹8.55 Lakhs)
  • Total Comprehensive Income: (₹10,949.99 Lakhs) Loss
  • Owners of the company: (₹10,938.44 Lakhs)
  • Non-controlling interest: (₹8.55 Lakhs)
  • Earnings Per Share (Basic & Diluted): (₹5.90) Loss

Key Balance Sheet Figures (Standalone as of Mar 31, 2026):

  • Total Assets: ₹1,12,704.92 Lakhs
  • Total Equity: ₹88,212.25 Lakhs
  • Inventories: ₹91,011.28 Lakhs
  • Cash and Cash Equivalents: ₹2,321.12 Lakhs
  • Borrowings (Non-Current + Current): ₹9,806.13 Lakhs

Dates of Action

  • Board Meeting: May 27, 2026 (12:00 PM to 4:00 PM)
  • Financial Year End: March 31, 2026
  • Previous Intimation Date: May 22, 2026
  • Auditor Reappointment Effective: May 27, 2026, for FY2026-27
  • FPL Acquisition Date: July 3, 2025
  • FPL Demerger Appointed Date: August 1, 2025
  • NCLT Approval for Demerger: March 16, 2026
  • IPO Listing Date: September 24, 2024
  • Labour Code Notification: November 21, 2025

Parties Involved

  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Statutory Auditors: M/s. Mittal & Associates, Chartered Accountants (FRN: 106456W)
  • Cost Auditors: M/s. Joshi Apte and Associates, Cost Accountants (Firm Reg. No 000240)
  • Internal Auditors: M/s. Amit T. Jain & Co, Chartered Accountants (Firm Reg. No 134333W)
  • Acquired Subsidiary: Filmistan Private Limited (FPL)
  • Other Subsidiaries: Arkade Paradigm, Arkade Realty, Assist 360 Facility Management Private Limited
  • Associates: Atul & Arkade Associates, Bhoomi & Arkade Associates
  • Regulator: National Company Law Tribunal (NCLT), Mumbai Bench

Purpose & Rationale

  • The impairment loss of ₹18,217.09 Lakhs was recognized on the investment in FPL following its demerger. The rationale provided is that the tenancy rights acquired are now extinguished and embedded in the land value at Goregaon, and this component "no longer has the potential to produce future economic benefits." The assessment was based on the current financial position and future cash flow projections of FPL, in accordance with Ind AS 36.
  • The "Arkade Employee Stock Option Plan 2026" was approved to provide share-based employee benefits, subject to shareholder approval as per SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
  • The reappointment of auditors was based on the recommendation of the Audit Committee.

Financial & Operational Impact

  • A significant one-time, non-cash impairment charge of ₹18,217.09 Lakhs was recorded under 'Exceptional Items' for both standalone and consolidated results, directly causing the net loss in Q4 and substantially reducing full-year profitability.
  • The management considers this impairment charge an allowable deduction for income tax purposes, and thus no tax provision has been recognized on it.
  • The company confirmed the entire IPO proceeds of ₹38,106.50 Lakhs (net of expenses) have been fully utilized by March 31, 2026, as per the objects of the issue.
  • The notification of the Labour Codes was assessed to have no material impact on the financial results.

Capital Structure Impact

  • The paid-up equity capital remained unchanged at ₹18,566.36 Lakhs, consisting of shares with a face value of ₹10 each.
  • The approval of the ESOP Plan 2026 indicates a future potential dilution upon issuance of options, subject to shareholder approval.

Forward-Looking Commentary

  • No explicit forward-looking guidance or management commentary on future performance was provided in this disclosure.

#Tags: #ArkadeDevelopers #SEBIRegulation33 #FinancialResults #Impairment #ESOP #RegulatoryCompliance #Negative