BSEBoard Meeting11 Aug 2026 · 11 Aug 2026, 04:50 pm
Approval of Unaudited Financials for the quarter ended June 30, 2026
Arkade Developers Ltd · 544261
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Arkade Developers Ltd has approved its unaudited financial results for the quarter ended June 30, 2026, which show a revenue from operations of Rs. 14,697.04 lakhs and a total income of Rs. 14,866.63 lakhs. The company's management has been accused of diverting customer transactions, and an FIR has been registered with the authorities. The auditor's review report highlights this matter, but concludes that nothing has come to their attention that causes them to believe the financial results contain material misstatements.
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Earnings Impact6/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk4/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Arkade Developers Ltd - 544261 - Board Meeting Outcome for Approval Of Unaduited Financials For The Quarter Ended June 30, 2026
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Ref No.: ADL/SE/26-27/30
Dat: August 11, 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, Bandra (East),
Mumbai - 400 001 Mumbai - 400 051
BSE Scrip Code -544261 NSE Symbol :ARKADE
Dear Sir/Madam,
Sub-: Outcome of Board Meeting
Ref: Our Intimation Letter dated August 06, 2026
With reference to the above intimation, we wish to inform you that pursuant to Regulation 30 and
Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirement) Regulations, 2015, the Board of Directors of the Company at their Meeting held on,
Tuesday, August 11, 2026 has:
1. Considered and Approved the Unaudited Standalone and Consolidated Financial Results
of the Company for the Quarter ended June 30, 2026 duly reviewed by Audit Committee.
A copy of the unaudited Financial Results for the quarter ended June 30, 2026 and Limited
Review Report issued by Statutory Auditors of the Company are enclosed herewith.
The meeting of the Board of Directors of the Company commenced at 12.00 Noon and concluded
at 4.15 P.M.
You are requested to take the above information on your records.
Thanking You,
For Arkade Developers Limited
Sheetal Solani
Company Secretary and Compliance Officer
Membership No: A45964
MITTAL & ASSOCIATES B-603, Raylon Arcade,
RK Mandir Road,
CHARTERED ACCOUNTANTS Kondivita, JB nagar
Andheri (East), Mumbai –400059
Tel : 8689958800
Email : audit@mittal-associates.com
Limited Review Report on unaudited Standalone Financial Results of Arkade Developers
Limited for the quarter ended 30 June 2026, pursuant to the Regulation 33 and 52 of SEBI
(Listing Obligation and Disclosures Requirements) Regulations, 2015 (as amended)
The Board of Directors of
Arkade Developers Limited
1. We have reviewed the accompanying statement of unaudited standalone financial results (“the
Statement”) of Arkade Developers Limited (“the Company”) for the quarterended 30 June 2026,
attached herewith, being submitted by the Company pursuant to the requirement of Regulation
33 and 52 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as
amended (“Listing Regulations”).
2. Management responsibility
This Statement is the responsibility of the Company's Management and approved by the
Company’s Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial
Reporting” (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read with
relevant rules issued thereunder and other accounting principles generally accepted in India and
other accounting principles generally accepted in India and in compliance with Regulation 33
and 52 of the Listing Regulations.
3. Auditor’s responsibility
Our responsibility is to express a conclusion on the Statement based on our review
We conducted our review of the Statement in accordance with the Standard on Review
Engagement (SRE) 2410 ‘Review of Interim Financial Information Performed by the
Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India.
This standard requires that we plan and perform the review to obtain moderate assurance as to
whether the Statement is free from material misstatement. A review of internal financial
information consists of making inquiries, primarily of the Company’s personnel responsible for
financial and accounting matters and applying analytical and other review procedures. A review
is substantially less in scope than an audit conducted in accordance with standards on Auditing
and consequently does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do not express an audit
opinion.
4. Emphasis of Matter
We draw attention to Note iv to the Statement of Unaudited Financial Results, which describes
the alleged diversion of customer transactions, alleged wrongful financial gain through brokerage
and vendor-related transactions and alleged forgery of agreements relating to additional car
parking transactions involving a former employee of the Company. An FIR has been registered
with the appropriate authorities, and the matter is presently under investigation. The ultimate
outcome of the matter and its consequential financial impact, if any, cannot presently be
determined.
Our conclusion is not modified in respect of this matter.
5. Conclusion
Based on our review as stated in paragraph 3 above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with the
recognition and measurement principles laid down in the aforesaid Indian Accounting Standard
and other accounting principles generally accepted in India has not disclosed the information
required to be disclosed in terms of the Listing Regulations, including the manner in which it is
to be disclosed, or that it contains any material misstatement.
For Mittal & Associates
Chartered Accountants
Firm's Registration Number: 106456W
Digitally signed by
SOURABH SOURABH
BAGARIA
BAGARIA
Date: 2026.08.11
16:21:20 +05'30'
Sourabh Bagaria
Partner
Membership No. 183850
UDIN: 26183850DRWMLU2892
Place: Mumbai
Date: August 11, 2026
KADE
Arkade Developers Limited
Statement of Unaudited Standalone Financial Results for the Quarter ended June 30, 2026
(Rs. in Lakhs except EPS)
Quarter Ended Year Ended
Particulars June 30, 2026 March 31 2026 June 30 2025 March 31 2026
I 1 1
(Unaudited) (Audited) (Unaudited) (Audited)
REVENUE:
I Revenue from operations 14,697.04 19,862.64 15,944.58 81,608.81
II Other Income 169.59 196.35 610.14 1,195.92
Ill Total Income 14,866.63 20,058.99 16,554.72 82,804.73
IV EXPENSES:
Cost of Construction 10,411.25 14,276.70 22,707.96 56,852.15
Change in Inventories 15.03 (397.51) (11 ,373.7 0) (405.61)
Employee benefits expense 908.94 1,063.46 635.43 3,150.32
Finance Cost 20.59 33.47 21.50 89.08
Depreciation & Amortisation 317.90 294.42 192.87 1,022.09
Other expenses 568.88 945.25 550.51 3,098.20
Total Expenses (IV) 12,242.59 16,215.79 12,734.57 63,806.23
v Profit before Exceptional Items (Ill • IV) 2,624.04 3,843.20 3,820.15 18,998.50
VI Exceptional Items
Diminution in value of Investment (Refer Note (iii)) 18,217.09 18,217.09
VII Profit before Tax· (V-IV) 2,624.04 (14,373.89) 3,820.15 781.42
VIII Less: Tax Expenses:
-Current Tax 697.44 (3,493.10) 1,009.97 465.42
-Deferred Tax Assets I (Liability) 83.15 (46.05) (65.35) (102.87)
-Taxation of Earlier Years (77.90) 0.07 (115.10)
Total Tax Expenses (VIII) 702.69 {3,539.08) 944.62 247.45
IX Profit/(Loss) for the Period (VII-VIII) 1,921.35 (1 0,834.81) 2,875.53 533.96
X Other Comprehensive Income (OCI)
Items that will not be reclassified subsequently to profit or loss
Remeasurement'of defined employee benefit plans 3.00 (8.85) 2.38 12.01
Income tax on above (0.75) 2.23 (3.02)
Total other comprehensive loss/(lncome) for the Period 2.25 (6.62) 2.38 8.99
XI Total comprehensive (loss)fincome for the Period (IX· X) 1,919.10 (10,828.19) 2,873.15 524.98
XII Paid-up Equity Capital (Face value off 10 /· per share) 18,566.36 18,566.36 18,566.36 18,566.36
XIII Other Equity 69,645.89
XIV Earnings per equity share (Face value off 10/· per share)
(1) Basic(~) 1.03 (5.84) 1.55 0.29
(2) Diluted (~) 1.03 (5.84) 1.55 0.29
For and on behalf of the Board of Directors
Arkade Developers Limited
Am it Jain
Chairman & Managing Director
Place: Mumbai (DIN: 00139764)
Pate : 11th August 2026
Notes to Unaudited Standalone Financial Results for the quarter ended June 30, 2026
The above Unaudited Standalone financial results for the Quarter endedJun, 30 2026 have been reviewed by the Audit Committee and approved by the Board of
Directors at its meeting held on 11th Aug 2026. The statutory auditors have expressed an unmodified audit
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