Arkade Developers MD, chairman and AGM
NSE: ARKADEBSE: 544261RealtySmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹106.10.
28 Oct: open ₹106.60, high ₹107.84, low ₹104.82
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,985 Cr1,127th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.14
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- −2.7%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹182 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 16.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 14.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.06
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,44,08828.5% delivered
Arkade Developers' chairperson and managing director is Amit Mangilal Jain, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 22 Sep 2026.
Arkade Developers board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorAmit Mangilal Jain
- Company Secretary and Compliance OfficerSheetal Solani
6 directors3 independent3 executive
- Amit Mangilal Jain · Chairperson and managing directorExecutive · joined Dec 1995 · reappointed Jun 2023 · 1 listed board · 1 committee seat
- Arpit Vikram JainExecutive · joined Feb 2016 · reappointed Jun 2023 · 1 listed board · 1 committee seat
- Sandeep U JainExecutive · joined Jan 2025 · reappointed Jan 2025 · 1 listed board · 1 committee seat
- Neha HuddarIndependent · joined Aug 2023 · reappointed Aug 2023 · 37 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 3 as chair
- Abhishek DevIndependent · joined Nov 2023 · reappointed Nov 2023 · 34 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sumesh MishraIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Ketu Amit Jain, left 24 Jan 2025: Others
- Hiren Mohanlal Tanna, left 13 Nov 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 Aug 20265 of 6 present3 independent · 75 days in between
- 27 May 20266 of 6 present3 independent
Audit Committee
Chair Neha Huddar
Abhishek Dev, Arpit Vikram Jain
- 11 Aug 20263 of 3 present2 independent · 75 days in between
- 27 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Abhishek Dev
Neha Huddar, Sumesh Mishra, Amit Mangilal Jain
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Neha Huddar
Amit Mangilal Jain, Sandeep U Jain
No meeting listed in the filing.
Risk Management Committee
Chair Arpit Vikram Jain
Amit Mangilal Jain, Abhishek Dev
- 11 Aug 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Amit Mangilal Jain
Arpit Vikram Jain, Abhishek Dev
No meeting listed in the filing.
ESG Committee
Chair Arpit Vikram Jain
Amit Mangilal Jain, Sandeep U Jain, Abhishek Dev
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Mittal & AssociatesPeer-review certificate valid to May 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Arkade Developers AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Arkade Developers dividend history
Annual general meeting, 22 Sep 2026
57,256 shareholders on the register on 15 Sep 2026; present: 1 promoter and 56 others; votes counted by Vijay Yadav / AVS & Associates.The company's voting result
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%
- To appoint a director in place of Mr. Arpit Vikram Jain (DIN: 06899631), who retires by rotation at this Annual General Meeting and being eligible offer himself for re-appointment.Ordinary99.87% for0.13% against
Against: promoters 0.00% · institutions 16.62% · other public 0.00%
Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%
- Ratification of remuneration of Cost Auditors for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%
- Introduction and Implementation of Arkade Employees Stock Option Plan (ESOP) 2026Special99.21% for0.79% against
Against: promoters 0.00% · institutions 99.39% · other public 0.00%
Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%
- Approval for extending of benefits of Arkade Employee Stock Option Plan 2026 to employees/Directors of Subsidiary CompaniesSpecial99.21% for0.79% against
Against: promoters 0.00% · institutions 99.39% · other public 0.00%
Turnout: all 81.30% · promoters 97.75% · institutions 85.16% · other public 39.47%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 24 Sep 2025, 6 resolutions
67,670 shareholders on the register on 17 Sep 2025; present: 1 promoter and 63 others; votes counted by Mr. Vijay Yadav / M/s AVS and Associates.The company's voting result
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.75% · promoters 97.74% · institutions 30.93% · other public 38.96%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.75% · promoters 97.74% · institutions 30.93% · other public 38.96%
- To appoint a director in place of Mr. Amit Mangilal Jain (DIN: 00139764), who retires by rotation at this Annual General Meeting and being eligible offer himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.75% · promoters 97.74% · institutions 30.93% · other public 38.96%
- To appoint M/s AVS & Associates (FRN: P2016MH54900) as the Secretarial Auditor for a period of five years.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 80.74% · promoters 97.74% · institutions 30.93% · other public 38.96%
- Ratification of remuneration of Cost Auditors for the Financial Year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.74% · promoters 97.74% · institutions 30.93% · other public 38.96%
- To amend ‘Arkade Developers Employees Stock Option 2025’.Special99.86% for0.14% against
Against: promoters 0.00% · institutions 85.06% · other public 0.03%
Turnout: all 80.74% · promoters 97.74% · institutions 30.93% · other public 38.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Apr 2025, 2 resolutions
82,725 shareholders on the register on 14 Mar 2025; votes counted by CS Deepti Joshi / Deepti Joshi and Associates.
- Appointment of Mr. Sandeep Jain (DIN: 02231601) as Whole Time Director of the Company and remuneration payable to himSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 80.58% · promoters 97.74% · institutions 5.95% · other public 39.04%
- Introduction and Implementation of Arkade Developers Employees Stock Option Plan (ESOP) Scheme 2025.Special99.96% for0.04% against
Against: promoters 0.00% · institutions 100.00% · other public 0.00%
Turnout: all 80.58% · promoters 97.74% · institutions 5.95% · other public 39.04%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 25 Jan 2025, 1 resolution
94,765 shareholders on the register on 20 Dec 2024; votes counted by CS Deepti Joshi / Deepti Joshi and Associates.The company's voting result
- TO CONSIDER AND APPROVE THE APPOINTMENT OF MR. SUMESH ASHOK MISHRA (DIN: 02453513) AS INDEPENDENT DIRECTOR OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 77.40% · promoters 93.67% · institutions 0.00% · other public 41.11%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 22 Sep 2026, 1 fund house
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundThe overall dilution of the scheme for 200,000 options is ~0.11% on the expanded capital base as on 30 June 2026. The vesting appears to be time-based. The exercise price per option shall be the face value or any other price which shall not be less than the face value as on grant date. If exercise price per option is the face value of Rs. 10.0 as on grant date, it will represent a 91.4% discount to the current market price of Rs. 116.0 as on 16 September 2026. We do not favor schemes where there is no clarity on the exercise price, or the exercise price is at a significant discount (>20%) to market price. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to market price. If the stock options are granted at a significant discount, there is no alignment between the interests of investors and those of employees. We believe as good practice companies should grant stock options at market price, or the options should have a performance-based vesting with clearly defined performance parameters and targets. In the absence of this, we are unable to support the resolution.
0 for1 against - Item 6, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundThrough resolution #6, the company seeks approval to extend grant to employees/whole-time directors of subsidiaries. Our view on this resolution is linked to resolution #5. We do not support the resolution.
0 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyAssistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate.Since 10 Jul 2026
Imposition of tax Demand of Rs 13,73,857/- under applicable provisions of the GST Act, 2017
1. Availment of ITC for certain transactions 2. GST Payable on TDRs 3. Interest on availment of ITC for certain transactions
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2024, checked by CRISIL Ratings Ltd. | 410.00 | Funds to be incurred in the development of our ongoing project (Arkade NEST, Prachi CHSL and C- unit) (Funding Development Expenses) | 250.00 | 250.00 | No |
| Public IssuesSep 2024, checked by CRISIL Ratings Ltd. | 410.00 | Funding acquisition of yet-to-be identified land for real estate projects and General corporate purpose | 130.08 | 130.08 | No |
| Public IssuesSep 2024, checked by CRISIL Ratings Ltd. | 410.00 | Issue Expenses | 29.93 | 29.93 | No |