NSEAction(s) taken or orders passed10 Jul 2026 · 10 Jul 2026, 06:47 pm

Action(s) taken or orders passed

Arkade Developers Limited · ARKADE

✦ AI Summary▼ NegativeRegulatory

Arkade Developers Limited has received an order from the Assistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate, towards tax demand under applicable provisions of the GST Act, 2017. The company has received the order on July 10, 2026, for FY 2022-23, and is in the process of taking necessary legal opinion and considering filing an appeal.

Analysis Scores

Earnings Impact2/10
Growth Catalyst5/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment4/10

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Arkade Developers Limited has informed the Exchange about Action(s) taken or orders passed under GST Act 2017

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ARKADE_10072026184726_Order_on_GST.pdf

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Ref No.: ADL/SE/26-27/25 Date: July 10, 2026 To, To, The Manager The Manager Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Scrip Code -544261 NSE Symbol :ARKADE Dear Sir/Madam, Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We hereby inform that, the Company has received an order, from Assistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate, towards tax demand under applicable provisions of the GST Act, 2017. This disclosure as required under Schedule III of SEBI (LODR) Regulations, 2015, is placed at Annexure A. You are requested to take the above information on your records. Thanking You, For Arkade Developers Limited Amit Mangilal Jain Chairman & Managing Director DIN: 00139764 Encl. As above Annexure A Sr. Particulars Details 1. Name of the Authority Assistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate. 2. Nature and details of the action(s) Imposition of tax Demand of Rs 13,73,857/- under taken or order(s) passed applicable provisions of the GST Act, 2017. 3. Date of receipt of direction or The order dated July 09, 2026, was received by the order, including any ad-interim or Company on July 10, 2026 for FY 2022-23. interim orders, or any other communication from the authority 4. Details of the 1. Availment of ITC for certain transactions violation(s)/contravention(s) 2. GST Payable on TDRs committed or alleged to be 3. Interest on availment of ITC for certain committed transactions 5. Impact on financial, operation or There is no material impact on financial & other activities of the listed entity, operational activities of the Company. The quantifiable in monetary terms to Company is in the process of taking necessary legal the extent possible opinion and considering filing an appeal.