Arkade Developers Ltd

AGM details

• AGM held Sep 22, 2026 at 3:00 PM IST via VC/OAVM.
• Concluded at 4:06 PM; 57 members attended.
• Chaired by CMD who led the meeting.

Key resolutions

• Ordinary: Adopt standalone financial statements for year ended Mar 31, 2026.
• Ordinary: Adopt consolidated financial statements for year ended Mar 31, 2026.
• Ordinary: Re-appoint director retiring by rotation (Arpit Vikram Jain).
• Ordinary: Ratify remuneration of Cost Auditors for FY 2026-27.
• Special: Introduce Arkade Employees Stock Option Plan 2026.
• Special: Extend ESOP 2026 benefits to subsidiary employees and directors.

Voting and outcome

• All resolutions deemed passed, subject to requisite majority.

Director changes

• Director Arpit Vikram Jain to be re-appointed.

Auditors

• Cost Auditor remuneration ratified for FY 2026-27.

Meeting Details

• Date and time: 30 September 2026, 09:00 IST onwards.
• Type and mode: Group, in-person site visit.
• Venue: Mumbai metropolitan region.
• Organizer: Valorem Advisors.
• Agenda: Site visits at four Mumbai locations.

Participants

• Key company participant: Chairman & Managing Director.

Purpose

• Intimation of Analyst/Investor site visit.

Additional Notes

• Travel within Mumbai Metropolitan Region arranged by Arkade.

Meeting Details

• Date and time: 16 September 2026, 04:00 pm IST
• Type and mode: Group Meet, Virtual (Zoom)
• Event: Valorem CXO Meet
• Venue: Virtual (Zoom platform)
• Purpose: Investor interaction covering management journey, business, financial highlights
• Participants: Company management (Chairman & Managing Director)
• Registration: Pre-registration required to access Zoom

AGM notice and voting details

• 40th AGM to be held on 22 September 2026 at 3:00 PM IST via VC/AVM.
• Electronic copy of AGM notice and FY25-26 Annual Report sent to registered shareholders.
• Annual Report accessible at arkade.in/annual-reports and via QR code.
• Remote e-voting cut-off date: 15 September 2026.
• Remote e-voting start date/time: 18 September 2026 at 09:00 IST.
• Remote e-voting end date/time: 21 September 2026 at 17:00 IST.
• KYC updation for shareholders to be done via their Depository Participants.
• For assistance, contact RTA at ivote@bigshareonline.com or evoting@bigshareonline.com or call 1800 22 54 22.

Overview

• Standalone BRSR for FY2025-26; main activity is residential/commercial real estate development.
• 10 locations: 9 site plants and 1 office; 100% turnover from real estate.
• Development pipeline over 10 million sq ft; GDV about ₹13,000 crore; REST Advantage framework.
• Assurance: Not Assured.

Key ESG Risks & Opportunities

• Sustainable materials & procurement identified as an opportunity; positive supply-chain impact.
• Biodiversity protection enhances environmental stewardship and asset resilience.
• Product quality and safety improve customer satisfaction and brand value.
• Diversity, equity, and inclusivity initiatives support sustainable growth.
• Green building practices boost asset value and operating efficiency.
• Climate change risk addressed via resilient design and periodic risk assessments.
• Business ethics/governance risks mitigated by Code of Conduct and compliance monitoring.
• Data protection and cybersecurity risk mitigated by IT governance and controls.
• Water management risk mitigated by reuse and efficient use of resources.
• REST Advantage framework guides sustainability across new projects.

Governance & Policy Highlights

• ESG oversight through Board-led ESG Committee plus CSR, Risk, and Stakeholders Committees.
• Policies include anti-bribery, whistleblower, human rights, and equal opportunity.
• ISO 45001 and ISO 9001 certifications; policy framework on ESG disclosed online.
• No material penalties or major compliance breaches reported.
• CSR spending exceeded target with outlay of ₹350.01 lakhs.
• Policies accessible at arkade.esg-sustainability and policy portals.

Social Responsibility & Workforce

• Total employees 262; 256 permanent, 6 others; male 201, female 61.
• All site workers employed via contractors; no direct payroll workers.
• Board female representation: 16.7%; KMP female representation: 50%.
• Health benefits: PF 64%, ESI 8%; gratuity 100%.
• Well-being spend: 0.09% of revenue; CSR initiatives support 1,500 site workers weekly.
• LTIFR: 0; total worker injuries 9; no fatalities.

Environmental Performance

• Energy: total non-renewable energy 5,807.42 GJ; no disclosed renewable share.
• GHG: Scope1 21.98 tCO2e; Scope2 1,116.06 tCO2e; total 1,138.04 tCO2e.
• GHG intensity: 0.000000139 tCO2e per Rs turnover; PPP-adjusted 0.00000284.
• Water: 53,480.5 kl withdrawal; third-party water source; intensity 0.00000655 per Rs turnover.
• Waste: total 13,908.53 t; C&D waste 13,424.92; non-hazardous 483.61; landfilling 17,619 t.
• No zero-liquid-discharge mechanism; not located in ecologically sensitive areas.

Stakeholder Engagement & Complaints

• Key groups engaged: investors, shareholders, employees, customers, suppliers, contractors.
• Engagement channels include meetings, reports, CSR outreach, and digital platforms.
• Shareholders: 1 complaint filed FY2025-26; 0 pending; FY2024-25: 53 filed; all resolved.
• Customers: 3 complaints filed FY2025-26; 3 pending; 7 resolved; 2 at appeal.
• Employees/workers: 22 complaints filed FY2025-26; 1 pending; various health/safety and working conditions issues.
• Grievance mechanisms include whistleblower policy, POSH ICC, and multiple reporting channels online.

Other Notable Metrics

• Sustainable sourcing: ~75.29% of inputs from suppliers under sustainable sourcing.
• MSME procurement: 57.79% of inputs; 94.25% sourced from within India.
• RPTs: purchases from related parties 28.37%; investments 25.89%.
• Awareness programs for value chain partners: 19 programs; 100% coverage.
• No life cycle assessments conducted; evaluation planned for future projects.

AGM Details

• 40th AGM on 22 September 2026 at 03:00 PM via VC/OAVM.
• Deemed venue: Arkade House, Kandivali East, Mumbai.
• Voting cut-off date: 15 September 2026.
• Remote e-voting window: 18–21 September 2026.

Key Resolutions

• Ordinary: adopt standalone financial statements for FY 2025-26.
• Ordinary: adopt consolidated financial statements for FY 2025-26.
• Ordinary: re-appoint Arpit Vikram Jain as Director, liable to retire by rotation.
• Ordinary: ratify remuneration of Cost Auditors for FY 2026-27.
• Special: Arkade ESOP 2026 introduction and implementation.
• Special: Extend Arkade ESOP 2026 benefits to subsidiaries' employees and directors.

Director Changes

• Arpit Vikram Jain to be re-appointed as Whole-time Director; liable to retire by rotation.
• Remuneration last drawn: Rs 100 Lakhs.

Auditor Approvals

• Ratify Cost Auditor remuneration for FY 2026-27: Rs 82,600; M/s Joshi Apte & Associates.
• Board authorized to file ROC forms and take necessary actions.

ESOP Approvals

• Arkade ESOP 2026 approved; up to 200,000 options; 0.11% cap.
• ESOP extended to present and future subsidiary employees and directors (excluding independent directors).
• ESOP implemented directly by the Company; no trust.

Financial highlights

• Consolidated revenue from operations: ₹81,640.18 Lakhs (₹816.4 Cr) FY26.
• Total consolidated income: ₹82,816.07 Lakhs FY26.
• EBITDA: ₹189.1 Cr; EBITDA Margin 23.2% FY26.
• Net Profit After Tax: ₹5.3 Cr; PAT Margin 0.63% FY26.
• Net debt to equity: 0.08x; promoter holding 71.14%.
• IPO proceeds fully utilized; net proceeds ₹38.07 Cr.
• Dividends: interim ₹1 per share; ₹1495.19 Lakhs waived; no final dividend.
• Promoter Group holding: 71.14% as on 31 March 2026.
• AGM: 40th AGM on 22 Sep 2026 via VC/OAVM.

Strategic progress & acquisitions

• Filmistan acquisition: 100% stake; completed 3 Jul 2025 for ₹170 Cr; tenancy rights merged.
• Deployed Filmistan demerger scheme; NCLT approvals in 2025/2026; effective 25 Mar 2026.
• Goregaon Filmistan land parcel: 4.11 acres; GDV ₹3,500 Cr.
• Thane Kasarvadavali: 6.28 acres; GDV ₹2,000 Cr.
• Woollen Mills, Bhandup West: 3.5 acres; GDV ₹1,000 Cr; MOU to acquire.
• Ashok Nagar, Kandivali East redevelop rights: 3 acres; GDV ₹1,100 Cr.
• Assist 360 Facility Management formed; to provide integrated facility management.
• Arkade Evoke launched; OC for Arkade Eden achieved ahead of schedule.
• ISO Certifications: ISO 9001:2015; ISO 45001:2018; REST framework emphasis.

Capital structure & liquidity

• IPO proceeds: gross ₹41,000 Lakhs; net ₹38.07 Cr; fully utilized by 31 Mar 2026.
• Total borrowings: ₹9,806.13 Lakhs; cash: ₹2,373.90 Lakhs; net debt ₹7,432.24 Lakhs.
• Paid-up equity capital: ₹18,566.36 Lakhs; promoter holding ~71%.
• Credit rating: IND BBB+ / Stable; monitoring agency Crisil appointed for IPO proceeds.
• Dividend policy: interim dividend ₹1 per share; final dividend not recommended.

Governance & ESG

• ISO certifications: 9001:2015 and 45001:2018; pursuing ISO 14001.
• REST Advantage: Rejuvenation, Eco-Friendliness, Sustainability, Technology across projects.
• CSR spend ₹350.01 Lakhs; Care Per Sq. Ft. model supporting Tata Memorial Hospital and NAB.
• Board: 6 directors; 3 Independent; female Independent Director on board.
• ESOP: 2025 plan grants 2,40,000 options; ESOP 2026 proposed with 2,00,000 options.

Dividend & shareholder information

• 1st interim dividend ₹1 per equity share; 1495.19 Lakhs waived.
• Board not recommending final dividend for FY25-26.
• 40th AGM scheduled Sep 22, 2026 via VC/OAVM.
• Promoter stake remains a controlling share at ~71%.

Outlook & risks

• India real estate: premiumisation drives long-term demand; upgrade cycles persist.
• MMR expansion: redevelopment-led growth amid limited land supply; strong infrastructure backdrop.
• Risks: rising input costs, interest rate volatility, macro shocks, regulatory changes.
• ESG and sustainability: continued emphasis on REST, green building standards.

Operations & delivery framework

• In-house project management enables end-to-end control and timely delivery.
• Asset-light model supports disciplined capital allocation with low net debt.
• Redevelopment-first strategy balances greenfield with redevelopment for growth.
• Land acquisitions and redevelopment rights expand premium housing pipeline.

OC receipt for Vile Parle project

• OC received for Arkade's residential project at Vile Parle on 24 August 2026.
• Project completed per approved plans and local building regulations.