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ARKADE DEVELOPERS LIMITED Earnings Release 2026
59919_rns_2026-05-27_07a8290f-4d6d-4e96-a161-9bbc444226de.pdf
Earnings Release
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CIN: L45200MH1986PLC039813
ARKADE DEVELOPERS LTD.
Ref No.: ADL/SE/26-27/10
Date: May 27, 2026
To,
The Manager
Corporate Relationship Department
BSE Limited
Floor 25, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001
BSE Scrip Code -544261
To,
The Manager
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (East),
Mumbai - 400 051
NSE Symbol :ARKADE
Dear Sir/Madam,
Sub-: Outcome of Board Meeting
Ref: Our Intimation Letter dated May 22, 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, Wednesday, May 27, 2026 has inter-alia:
-
Considered and Approved the audited Standalone and Consolidated Financial Results of the Company for the fourth Quarter and year ended March 31, 2026 duly reviewed by Audit Committee. A copy of the audited Financial Results for the fourth Quarter and year ended March 31, 2026 and Audit Report issued by Statutory Auditors of the Company are enclosed herewith.
-
Declaration w.r.t. the Auditors Report with Unmodified opinion in terms with Regulation 33 (3)(d) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure-A
-
On the recommendation of the Audit Committee, considered and approved the reappointment of M/s. Joshi Apte and Associates, Cost Accountants, (Firm Reg. No 000240) as the Cost Auditors of the Company for FY 2026-2027.
-
On the recommendation of the Audit Committee, considered and approved the reappointment of M/s Amit T. Jain & Co, Chartered Accountants (Firm Reg. No 134333W) as the Internal Auditors of the Company for FY 2026-2027.
The disclosure as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,2026 as updated, in connection with the reappointments in point no. 3 & 4, are provided in Annexure - B.
- Considered and Approved the "Arkade Employee Stock Option Plan 2026" (the scheme), as per the provisions of the Securities and Exchange Board of India (Share Based
a Arkade House, Next to Children's Academy,
A.S.Marg, Ashok Nagar, Kandivali (E),
Mumbai 400 101, Maharashtra, India
t 022 40033785 | 022 28874742
f 022 28874742
w www.arkade.in
CIN: L45200MH1986PLC039813
ARKADE DEVELOPERS LTD.
Employee Benefits and Sweat Equity) Regulations, 2021, subject to the approval of the Shareholders.
The meeting of the Board of Directors of the Company commenced at 12.00 Noon and concluded at 4.00 P.M.
You are requested to take the above information on your records.
Thanking You,
For Arkade Developers Limited
SHEETAL
HARESH
SOLANI
Sheetal Solani
Company Secretary and Compliance Officer
Membership No: A45964
a Arkade House, Next to Children's Academy,
A.S.Marg, Ashok Nagar, Kandivali (E),
Mumbai 400 101, Maharashtra, India
t 022 40033785 | 022 28874742
f 022 28874742
e [email protected]
w www.arkade.in
Annexure-A
Declaration under Regulation 33 (3)(d) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015- Auditors' Report with unmodified opinion
Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that M/s. Mittal & Associates, Chartered Accountants (FRN: 106456W), Statutory Auditors of the Company have issued an Audit Report with unmodified opinion on Audited Financial Results of the Company for the Financial Year ended March 31, 2026.
You are requested to kindly take the above information on records.
a Arkade House, Next to Children's Academy,
A.S.Marg, Ashok Nagar, Kandivali (E),
Mumbai 400 101, Maharashtra, India
t 022 40033785 | 022 28874742
f 022 28874742
e [email protected]
w www.arkade.in
Annexure-B
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
| Sr No. | Particulars | Cost Auditor | Internal Auditor |
|---|---|---|---|
| 1 | Name of the Auditor | M/s. Joshi Apte and Associates, Cost Accountants | M/s. Amit T Jain & Co., Chartered Accountants |
| 2 | Reason for change viz. appointment, resignation, removal, death or otherwise | Reappointment of M/s. Joshi Apte and Associates, Cost Accountants, Firm Reg. No 000240) to audit the Cost Records of the Company for FY 2026-27. | Reappointment of M/s. Amit T Jain & Co., Chartered Accountants (Firm Reg. No 134333W) as the Internal Auditors of the Company for FY 2026-2027. |
| 3 | Date of appointment/cessation and term of appointment (as applicable) | With effect from May 27, 2026, for the Financial Year 2026-27. | With effect from May 27, 2026, for the Financial Year 2026-27. |
| 4 | Disclosure of relationships between directors (in case of appointment of a director) | Not applicable | Not Applicable |
Arkade House, Next to Children's Academy, A.S.Marg, Ashok Nagar, Kandivali (E), Mumbai 400 101, Maharashtra, India
t 022 40033785 | 022 28874742
f 022 28874742
w www.arkade.in
MITTAL & ASSOCIATES CHARTERED ACCOUNTANTS
INDIA
603, Raylon Arcade, RK Mandir Road, Kondivita, JB nagar Andheri (East), Mumbai - 400059 Tel: 9892076888/8689958800 Email: [email protected]
Independent Auditor’s Report on Standalone Financial Results of Arkade Developers Limited for the Quarter and year ended 31st March, 2026 pursuant to the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended.
To
The Board of Directors of Arkade Developers Limited
(Formerly known as Arkade Developers Private Limited)
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying standalone financial results of Arkade Developers Limited (“the Company”) for the quarter and year ended 31 March 2026 (‘the statement’) attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:
i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard and
ii. give a true and fair view in conformity with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2026, the profit and Total Comprehensive Income, Changes in Equity and its Cash Flow for the quarter and the year ended on 31st March 2026.
Basis for opinion
We conducted our audit of the Standalone Financial Results in accordance with the Standards on Auditing (SAs) prescribed under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities” for the Audit of the “Standalone Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Companies Act, 2013 and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the Standalone Financial Results.
Emphasis of Matter:
We draw attention to Note 46 and 47 to the accompanying standalone financial statements regarding the Company's investment in Filmistan Private Limited ("FPL"). During the year, the Company acquired 100% shareholding in FPL and subsequently a Scheme of Arrangement for demerger of the rental business undertaking of FPL into the Company was approved by the Hon'ble National Company Law Tribunal vide order dated 16 March 2026.
Pursuant to management's assessment of the recoverable value of the investment in accordance with Ind AS 36 – Impairment of Assets, the Company has recognised impairment loss/diminution in value of investment amounting to Rs. 18217.09 Lakhs during the quarter and year ended 31st March 2026.
The management has also considered the aforesaid impairment/diminution as allowable deduction under the provisions of the Income-tax Act, 1961 and accordingly no corresponding tax adjustment/provision has been recognised.
Our opinion is not modified in respect of the aforesaid matter.
Management's Responsibilities for The Standalone Financial Results
The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these Standalone Financial Results that give a true and fair view of the financial position, financial performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act read the Companies (Indian Accounting Standards) Rules, 2015, as amended and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial results, the Management and Board of Directors of the Company are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement of Financial Results as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the statement of Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement of Financial Results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a Statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
The standalone financial results include the result for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended
March 31, 2026 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing regulations.
For Mittal & Associates
Chartered Accountants
FRN No. 106456W
Digitally signed
SOURABH by SOURABH BAGARIA
Date: 2026.05.27 16:14:08 +05'30'
BAGARIA
Sourabh Bagaria
Partner
Membership No. 183850
UDIN: 26183850YVWNCO1836
Place: Mumbai
Date: 27th, May 2026
ARKADE
Arkade Developers Limited
Statement of Audited Standalone Financial Results for the Quarter and Year ended March 31, 2026
(Rs. in Lakhs except EPS)
| Particulars | Quarter Ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| March 31, 2026 | Dec 31,2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | ||
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | ||
| REVENUE: | ||||||
| I | Revenue from operations | 19,862.64 | 19,647.26 | 13,144.73 | 81,608.81 | 68,309.62 |
| II | Other Income | 196.35 | 242.35 | 279.97 | 1,195.92 | 1,193.00 |
| III | Total Income | 20,058.99 | 19,889.61 | 13,424.70 | 82,804.73 | 69,502.62 |
| IV | EXPENSES: | |||||
| Cost of Construction | 14,276.70 | 12,510.55 | 28,178.90 | 56,852.15 | 83,732.58 | |
| Change in Inventories | (397.51) | 83.27 | (21,038.03) | (405.61) | (41,815.43) | |
| Employee benefits expense | 1,063.46 | 761.48 | 622.40 | 3,150.32 | 2,394.67 | |
| Finance Cost | 33.47 | 18.12 | 30.85 | 89.08 | 175.36 | |
| Depreciation & Amortisation | 294.42 | 274.02 | 146.39 | 1,022.09 | 490.68 | |
| Other expenses | 945.25 | 911.21 | 935.61 | 3,098.20 | 3,383.54 | |
| Total Expenses (IV) | 16,215.79 | 14,558.65 | 8,876.12 | 63,806.23 | 48,361.40 | |
| V | Profit before Exceptional Items (III - IV) | 3,843.20 | 5,330.96 | 4,548.58 | 18,998.50 | 21,141.22 |
| VI | Exceptional Items | |||||
| Diminution in value of Investment (Refer Note (iii)) | 18,217.09 | - | - | 18,217.09 | - | |
| VII | Profit before Tax - (V-IV) | (14,373.89) | 5,330.96 | 4,548.58 | 781.42 | 21,141.22 |
| VIII | Less: Tax Expenses: | |||||
| - Current Tax | (3,493.10) | 1337.24 | 1,267.33 | 465.42 | 5,536.54 | |
| - Deferred Tax Assets / (Liability) | (46.05) | 82.23 | (45.00) | (102.87) | (79.70) | |
| - Taxation of Earlier Years | 0.07 | (115.17) | (115.10) | (8.86) | ||
| Total Tax Expenses (VIII) | (3,539.08) | 1,304.30 | 1,222.33 | 247.45 | 5,447.98 | |
| IX | Profit/(Loss) for the Period (VII-VIII) | (10,834.81) | 4,026.66 | 3,326.25 | 533.96 | 15,693.24 |
| X | Other Comprehensive Income (OCI) | |||||
| Items that will not be reclassified subsequently to profit or loss | ||||||
| Remeasurement of defined employee benefit plans | (8.85) | 8.02 | (3.72) | 12.01 | 9.53 | |
| Income tax on above | 2.23 | (2.02) | (3.02) | - | ||
| Total other comprehensive loss/(Income) for the Period | (6.62) | 6.00 | (3.72) | 8.99 | 9.53 | |
| XI | Total comprehensive (loss)/income for the Period (IX - X) | (10,828.19) | 4,020.66 | 3,329.97 | 524.98 | 15,683.71 |
| XII | Paid-up Equity Capital (Face value of ₹ 10/- per share) | 18,566.36 | 18,566.36 | 18,566.36 | 18,566.36 | 18,566.36 |
| XIII | Other Equity | 69,645.89 | 69,803.84 | |||
| XIV | Earnings per equity share (Face value of ₹ 10/- per share) | |||||
| (1) Basic (₹) | (5.84) | 2.17 | 1.96 | 0.29 | 9.25 | |
| (2) Diluted (₹) | (5.84) | 2.17 | 1.96 | 0.29 | 9.25 |
For and on behalf of the Board of Directors Arkade Developers Limited
Place: Mumbai
Date: 27 May 2026
400000000000000000000000000000000000000000000000000000000000000000000000
Amit Jain
Chairman & Managing Director
(DIN: 00139764)
Notes to Audited Standalone Financial Results for the Quarter and Year ended Mar 31, 2026
i. The above audited Standalone financial results for the Quarter and Year ended Mar, 31 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 27th May 2026. The statutory auditors have expressed an unmodified audit opinion. The standalone financial results are prepared in accordance with the Indian Accounting Standard as prescribed under Section 133 of the Companies Act, 2013.
ii. During the Year ended 31 March, 2026, the Board of Directors of the Company in their meeting held on 3rd July, 2025 have approved the execution of a Share Purchase Agreement (SPA) for the acquisition of 100% shares in Filmistan Private Limited (FPL) having consideration of Rs. 170.00 Crores, pursuant to which FPL has become the wholly owned subsidiary of the Company.
iii. During the year ended March 31, 2026, pursuant to the Approval of Scheme of Arrangement by The Hon'ble National Company Law Tribunal ("NCLT"), Mumbai Bench, vide its order dated 16 March 2026, the Filmistan Private Limited (FPL) has demerged the Rental business alongwith Tenancy rights of the land at Goregaon and transferred it to Arkade Developers Limited (ADL) on a going concern basis from the Appointed Date i.e. 1 August 2025.
Post demerger, Balance Sheet of ADL contains no separate tenancy right asset; the economic cost of acquiring the tenancy is embedded within the land at Goregaon and the investment in FPL. To the extent that the investment in FPL represents the now extinguished tenancy rights, that component no longer has the potential to produce future economic benefits.
Accordingly, the Company has assessed the recoverability of its investment in FPL based on current financial position and future cash flow projections of the subsidiary. The impairment loss on Diminution in value of investment has been written off / recognized in the Statement of Profit and Loss under the head "Exceptional Items" comprises an amount of Rs. 18,217.09 lakhs in accordance with the requirements of Ind AS 36 – Impairment of Assets. (Note no. 46 and 47 of the standalone financial statements)
iv. During the FY 2024-25, the company has completed an Initial Public Offer ("the IPO") of fresh issue of 3,20,37,601 equity shares with a face value of INR 10 each at an issue price of INR 128 per share (includes 1,62,601 equity shares issued to eligible employees with a face value of INR 10 each at an issue price of INR 123 per share) aggregating to Rs. 41000.00 lakhs. The equity shares of the Company were listed on National Stock Exchange of India Limited ("NSE") and on BSE Limited ("BSE") on September 24, 2024. The details of IPO proceeds of Rs. 38106.50 lakhs (net of share issue expenses). The entire IPO proceeds have been fully utilised by March 31, 2026, in accordance with the objects of the issue.
v. On November 21, 2025, the Government of India notified the four Labour Codes, Including the Code on Wages, 2019. The company has carried out actuarial valuation as on 31 December 2025 and 31 March 2026 considering uniform definition of "wages" as per codes on Wages and the company assessed and identified no material impact on the financial results of the company.
vi. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures up to the third quarter of the respective financial year.
vii. The Company operates only in one operating segment i.e. "Real Estate Development", hence does not have any reportable segments as per Ind As 108 "Operating Segments".
Place: Mumbai
Date: 27 May 2026
For and on behalf of the Board of Directors
Arkade Developers Limited
Amit Jain
Chairman & Managing Director
(DIN: 00139764)
ARKADE
Arkade Developers Limited
Statement of Audited Standalone assets and liabilities as at March 31, 2026
(Rs. in Lakhs)
| Particulars | As at Mar 31, 2026 | As at Mar 31, 2025 |
|---|---|---|
| Audited | Audited | |
| Assets | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 3,805.61 | 1,646.55 |
| (b) Intangible assets | 49.48 | 44.00 |
| (c) Capital work-in-progress | 473.95 | - |
| (d) Intangible assets under development | 36.18 | - |
| (e) Right-of-use assets | 160.18 | 187.49 |
| (f) Financial assets | ||
| (i) Investments | 1,937.89 | 1,879.58 |
| (ii) Other financial assets | 488.96 | 388.55 |
| (g) Non-current tax assets (net) | 1,255.61 | 216.95 |
| (h) Deferred tax assets (net) | 234.85 | 131.98 |
| (i) Other non-current assets | 22.06 | 19.10 |
| Total non-current assets | 8,464.77 | 4,514.20 |
| Current assets | ||
| (a) Inventories | 91,011.28 | 90,605.67 |
| (b) Financial assets | ||
| (i) Investments | 5,547.27 | 12,023.71 |
| (ii) Trade receivables | 2,409.77 | 3,474.85 |
| (iii) Cash and cash equivalents | 2,321.12 | 2,168.39 |
| (iv) Bank balances other than (iii) above | 172.50 | 11,230.13 |
| (v) Loans | 27.49 | 16.21 |
| (vi) Other financial assets | 1,109.08 | 212.62 |
| (c) Other current assets | 1,641.64 | 788.18 |
| Total current assets | 1,04,240.15 | 1,20,519.76 |
| Total assets | 1,12,704.92 | 1,25,033.96 |
| Equity and liabilities | ||
| Equity | ||
| (a) Equity share capital | 18,566.36 | 18,566.36 |
| (b) Other equity | 69,645.89 | 69,803.84 |
| Total equity | 88,212.25 | 88,370.20 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 9,226.54 | 7,489.58 |
| (ii) Lease liabilities | 64.65 | 100.24 |
| (b) Provisions | 577.47 | 352.10 |
| Total non-current liabilities | 9,868.66 | 7,941.92 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 579.59 | 3,831.37 |
| (ii) Lease liabilities | 35.59 | 43.10 |
| (iii) Trade payables | ||
| - Total outstanding dues to micro and small enterprises | 873.48 | 1,105.21 |
| - Total outstanding dues of creditors other than micro and small enterprises | 3,494.80 | 3,487.28 |
| (iv) Other financial liabilities | 1,720.47 | 2,871.83 |
| (b) Other current liabilities | 7,763.88 | 16,406.79 |
| (c) Provisions | 156.20 | 551.07 |
| (d) Current tax liabilities (net) | - | 425.19 |
| Total current liabilities | 14,624.01 | 28,721.84 |
| Total equity and liabilities | 1,12,704.92 | 1,25,033.96 |
For and on behalf of the Board of Directors
Arkade Developers Limited
Place: Mumbai
Date: 27 May 2026
Handi Devellipal
A
Amit Jain
Chairman & Managing Director
(DIN: 00139764)
ARKADE
Statement of Audited Standalone Cash Flow for the Year ended March 31, 2026
(Rs. In Lakhs)
| Particulars | For the year ended | |
|---|---|---|
| Mar 31, 2026 | Mar 31, 2025 | |
| Audited | Audited | |
| Cash flows from operating activities | ||
| Profit before tax | 781.41 | 21,141.22 |
| Adjustments for: | ||
| Finance costs | 89.08 | 175.36 |
| Interest income | (303.92) | (928.32) |
| Loss/(Gain) on disposal of property, plant and equipment (net) | 1.88 | (0.92) |
| Fair value (gain) on investments (net) | (47.76) | (90.48) |
| Share based Payment expenses | 20.34 | - |
| Loss / (gain) on sale of current investments (net) | (323.72) | (112.97) |
| Depreciation and amortisation expenses | 1,022.09 | 490.68 |
| Operating profit before working capital changes | 1,239.40 | 20,674.57 |
| Adjustments for: | ||
| (Increase)/decrease in operating assets | ||
| Trade receivables | 1,065.08 | (2,669.62) |
| Inventories | (405.61) | (41,815.43) |
| Other financial assets (Non-Current and Current) | (1,018.97) | (130.01) |
| Loans | (11.28) | (5.07) |
| Other assets (Non-Current and Current) | (856.43) | 572.14 |
| Increase/(decrease) in operating liabilities | ||
| Trade payables | (224.21) | 763.30 |
| Provisions (Non-Current and Current) | (169.49) | 246.17 |
| Other financial liabilities (Non-Current and Current) | (1,151.36) | 2,419.06 |
| Other current liabilities | (8,642.91) | 3,519.29 |
| Changes in Working Capital | (11,415.18) | (37,100.17) |
| Cash generated from operations | (10,175.78) | (16,425.60) |
| Income taxes paid (Net of Refund) | (1,814.15) | (5,284.40) |
| Net cash generated by operating activities | (11,989.93) | (21,710.00) |
| Cash flows from investing activities | ||
| (Investment in) / Proceeds from Bank Deposits | 11,057.63 | (11,074.34) |
| (Investment) / withdrawal from investments in subsidiary & associates firms | (58.31) | (50.25) |
| (Investment in) / Proceeds from current investments | 6,847.92 | (11,820.26) |
| (Increase)/decrease of Capital Work in Progress | (510.13) | (914.10) |
| Purchase of property, plant and equipment and other intangible assets | (3,120.52) | - |
| Interest Income | 285.35 | 928.32 |
| Proceeds from disposal of property, plant and equipment and other intangible assets | 0.00 | 3.51 |
| Net cash used in investing activities | 14,501.94 | (22,927.12) |
| Cash flows from financing activities | ||
| Proceeds from fresh issue of Shares | 43,000.00 | |
| Share issue expenses | (338.82) | (2,653.72) |
| Dividend Paid | (361.44) | - |
| Proceeds from borrowings | 14,679.17 | 18,515.32 |
| Repayment of borrowings | (16,193.99) | (14,135.41) |
| Payment of Lease Liabilities | (56.94) | (56.94) |
| Interest paid | (75.25) | (156.99) |
| Net cash (used in) / generated by financing activities | (2,347.27) | 44,512.26 |
| Add / Less : (Loss)/Gain on remeasurement of the defined benefit plan | (12.01) | (9.53) |
| Net increase/ (decrease) in cash and cash equivalents | 152.73 | (134.38) |
| Cash and cash equivalents at the beginning of the period | 2,168.39 | 2,302.77 |
| Cash and cash equivalents at the end of the period | 2,321.12 | 2,168.39 |
| Reconciliation of cash and cash equivalents with the Balance Sheet: | ||
| Cash and cash equivalents at end of the period | 2,321.12 | 2,168.39 |
40000000000000000000000000000000000000000000000000000000000000000000000
Amit Jain
MITTAL & ASSOCIATES CHARTERED ACCOUNTANTS
INDIA
603, Raylon Arcade, RK Mandir Road, Kondivita, JB nagar Andheri (East), Mumbai - 400059 Tel: 9892076888/8689958800 Email: [email protected]
Independent Auditor’s Report on Consolidated Financial Results of Arkade Developers Limited for the Quarter and year ended 31st March, 2026 pursuant to the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended.
To
The Board of Directors of Arkade Developers Limited
(Formerly known as Arkade Developers Private Limited)
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of Consolidated financial results of Arkade Developers Limited (“Holding company”) and its subsidiaries (holding Company and its subsidiaries together referred to as “the Group”) and its associates, for the quarter and year ended March 31st, 2026 and the statement of consolidated assets and liabilities and the consolidated cash flow statement as at and for the year ended on that date (hereinafter referred to as the "Consolidated Financial Results"), attached herewith, being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate audited financial statements of the subsidiaries, the aforesaid consolidated financial results:
i. includes the results of the following entities:
a. Arkade Paradigm – Subsidiary
b. Arkade Realty – Subsidiary
c. Filmistan Private Limited – Subsidiary (w.e.f. 03.07.2025)
d. Assist 360 Facility Management Private Limited – Subsidiary (w.e.f. 03.12.2025)
e. Atul & Arkade Associates – Associates
f. Bhoomi & Arkade Associates - Associates
ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act"), and other accounting principles generally accepted in India, of consolidated net profit and other total comprehensive income and other financial information of the Group for the quarter and year ended March 31, 2026
Basis for opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended (the Act). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Group, in accordance with the “Code of Ethics” issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter” paragraph below, is sufficient and appropriate to provide a basis for our audit opinion on the Consolidated Financial Results.
Emphasis of Matter:
We draw attention to Note 46 and 47 to the accompanying consolidated financial statements regarding the group’s tenancy right asset. During the year, the Holding Company acquired 100% shareholding in Filmistan Private Limited (“FPL”) and subsequently a Scheme of Arrangement for demerger of the rental business undertaking of FPL into the Holding Company was approved by the Hon’ble National Company Law Tribunal vide order dated 16 March 2026.
Pursuant to management’s assessment of the recoverable value of the tenancy right asset in accordance with Ind AS 36 – Impairment of Assets, the Group has recognised impairment loss/diminution in value of tenancy right asset amounting to Rs. 18217.09 Lakhs during the quarter and year ended 31st, March 2026.
The management has also considered the aforesaid impairment/diminution as allowable deduction under the provisions of the Income-tax Act, 1961 and accordingly no corresponding tax adjustment/provision has been recognised.
Our opinion is not modified in respect of the aforesaid matter.
Management’s Responsibilities for the Consolidated Financial Results
The Statement has been prepared on the basis of consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of Consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group and the consolidated statement of assets and liabilities and the consolidated statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used
for the purpose of preparation of the consolidated financial results by the Board of Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Management and Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of
Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the group are also responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated financial results as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group of which we are the independent auditors to express an opinion on the Consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Master Circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
- We did not audit annual financial statements of 2 subsidiaries included in the statement, whose financial statement reflect total assets of Rs. 51.09 Lakhs (Before consolidation adjustment), as on 31 March 2026, total revenue of Rs. 31.37 Lakhs (Before consolidation adjustment), total net profit after tax of Rs. 3.96 Lakhs (Before consolidation adjustment) and total comprehensive income of Rs. 3.96 Lakhs (Before consolidation adjustment) for the period from 03 July 2025 to 31 March 2026 in case of Filmistan private Limited and from 03 December 2025 to 31 March 2026 in case of Assist 360 Facility Management Private Limited, and net cash flow inflow of Rs. 47.56 Lakhs (Before consolidation adjustment) for the period considered from statement. These financials statement have been audited by other auditors and their reports, vide which they have issued an unmodified conclusion have been furnished to us by the management and our conclusion on the statement, in so far as it relates to the amounts and disclosure included in respect of these subsidiaries, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the statement is not modified in respect of the above matter.
Further, we did not audit annual financial statements of 2 subsidiaries and 2 associates, whose (subsidiaries) financial information / financial result reflects total assets (before consolidation adjustments) of Rs. 48.04 Lakhs as at 31 March 2026 and total revenues (before consolidation adjustments) of Rs. Nil and Nil, total net profit / (loss) (before consolidation adjustments) of Rs. (28.53) Lakhs and Rs. (28.45) Lakhs and total comprehensive loss (before consolidation adjustments) of Rs. (28.53) Lakhs and Rs. (28.45) Lakhs, for the quarter ended 31 March 2026 and year ended 31 March 2026 respectively, and cash outflows (net) (before consolidation adjustments) of Rs. 1.75 Lakhs from 1 April 2025 to 31 March 2026, as considered in the statement which have been audited by their respective independent auditors. These annual financial statements have been audited by other auditors whose audit reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries / associates is based solely on the audit reports of such other auditors and the procedures performed by us as stated in para above.
- The Statement includes the result for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing regulations.
For Mittal & Associates
Chartered Accountants
FRN No. 106456W
SOURABH
BAGARIA
Digitally signed by
SOURABH
BAGARIA
Date: 2026.05.27
16:09:40 +05'30'
Sourabh Bagaria
Partner
Membership No. 183850
UDIN: 26183850BORBZD6426
Place: Mumbai
Date: 27th, May 2026
ARKADE
Statement of Audited Consolidated Financial Results for the Quarter and Year ended March 31, 2026
(Rs. in Lakhs except EPS)
| Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| March 31, 2026 | Dec 31,2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | |
| REVENUE: | |||||
| I Revenue from operations | 19,657.57 | 19,672.54 | 13,144.73 | 81,640.18 | 68,309.62 |
| II Other Income | 248.85 | 232.39 | 289.57 | 1,175.89 | 1,150.86 |
| III Total Income | 19,906.42 | 19,904.93 | 13,434.30 | 82,816.07 | 69,460.48 |
| IV EXPENSES: | |||||
| Cost of Construction | 14,276.70 | 12,510.55 | 28,178.89 | 56,852.15 | 83,732.58 |
| Change in Inventories | (397.51) | 83.27 | (21,038.02) | (405.61) | (41,815.43) |
| Employee benefits expense | 1,073.77 | 763.10 | 622.40 | 3,163.83 | 2,394.67 |
| Finance Cost | 33.46 | 18.13 | 30.85 | 89.08 | 175.36 |
| Depreciation & Amortisation | 294.42 | 274.02 | 146.39 | 1,022.09 | 490.68 |
| Other expenses | 918.80 | 932.86 | 935.61 | 3,115.18 | 3,388.89 |
| Total Expenses (IV) | 16,199.64 | 14,581.93 | 8,876.11 | 63,836.74 | 48,366.75 |
| V Profit before tax and share of profit / (loss) from associates (III - IV) | 3,706.78 | 5,323.00 | 4,558.18 | 18,979.33 | 21,093.72 |
| Share of profit / (loss) from associates | (10.97) | 11.58 | (9.56) | 28.12 | 47.10 |
| VI Exceptional Items | |||||
| Diminution in value of Tenancy rights (Refer Note (iii)) | 18,217.09 | - | - | 18,217.09 | - |
| VI Profit before tax | (14,521.28) | 5,334.58 | 4,548.62 | 790.36 | 21,140.82 |
| VII Less: Tax Expenses: | |||||
| - Current Tax | (3,532.46) | 1,338.17 | 1,267.33 | 465.42 | 5,536.54 |
| - Deferred Tax Assets / (Liability) | (46.05) | 82.23 | (45.00) | (102.87) | (79.70) |
| - Taxation of earlier period | 13.84 | (115.40) | - | (101.56) | (8.86) |
| Total Tax Expenses (VII) | (3,564.67) | 1,305.00 | 1,222.33 | 260.99 | 5,447.98 |
| VIII Profit/(Loss) for the year (VI - VII) | (10,956.61) | 4,029.58 | 3,326.26 | 529.37 | 15,692.84 |
| (i) Owners of the company | (10,945.06) | 4,029.58 | 3,326.26 | 537.93 | 15,693.24 |
| (ii) Non controlling interest | (8.55) | 0.00 | 0.03 | (8.54) | (0.40) |
| IX Other Comprehensive Income (OCI) | |||||
| Items that will not be reclassified subsequently to profit or loss | |||||
| Remeasurement of defined employee benefit plans | (8.85) | 8.02 | (3.72) | 12.01 | 9.53 |
| Income Tax relating to above item | 2.23 | (2.02) | - | (3.02) | - |
| Total other comprehensive loss/(Income) for the Period (IX) | (6.62) | 6.00 | (3.72) | 8.99 | 9.53 |
| (i) Owners of the company | (6.62) | 6.00 | (3.72) | 8.99 | 9.53 |
| (ii) Non controlling interest | |||||
| X Total comprehensive (loss)/income for the Period (VIII - IX) | (10,949.99) | 4,023.58 | 3,330.01 | 520.38 | 15,683.31 |
| (i) Owners of the company | (10,938.44) | 4,023.58 | 3,329.98 | 528.94 | 15,693.23 |
| (ii) Non controlling interest | (8.55) | 0.00 | 0.03 | (8.54) | (0.40) |
| XI Paid-up Equity Capital (Face value of ₹ 10/- per share) | 18,566.36 | 18,566.36 | 18,566.36 | 18,566.36 | 18,566.36 |
| XII Other Equity | 69,649.85 | 69,803.84 | |||
| XIII Earnings per equity share (Face value of ₹ 10/- per share) | |||||
| (1) Basic (₹) | (5.90) | 2.17 | 1.96 | 0.29 | 9.25 |
| (2) Diluted (₹) | (5.90) | 2.17 | 1.96 | 0.29 | 9.25 |
Place: Mumbai
Date: 27th May,2026
Amit Jain
Chairman & Managing Director
(DIN: 00139764)
Notes to Audited Consolidated Financial Results for the Quarter and Year ended March 31, 2026
i. The above audited consolidated financial results for the Quarter and Year ended Mar, 31 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 27th May 2026. The statutory auditors have expressed an unmodified audit opinion. The standalone financial results are prepared in accordance with the Indian Accounting Standard as prescribed under Section 133 of the Companies Act, 2013.
ii. During the Year ended 31 March, 2026, the Board of Directors of the Company in their meeting held on 3rd July, 2025 have approved the execution of a Share Purchase Agreement (SPA) for the acquisition of 100% shares in Filmistan Private Limited (FPL) having consideration of Rs. 170.00 Crores, pursuant to which FPL has become the wholly owned subsidiary of the Company.
iii. During the year ended March 31, 2026, pursuant to the Approval of Scheme of Arrangement by The Hon'ble National Company Law Tribunal ("NCLT"), Mumbai Bench, vide its order dated 16 March 2026, the Filmistan Private Limited (FPL) has demerged the Rental business alongwith Tenancy rights of the land at Goregaon and transferred it to Arkade Developers Limited (ADL) on a going concern basis from the Appointed Date i.e. 1 August 2025.
Post demerger, Balance Sheet of ADL contains no separate tenancy right asset; the economic cost of acquiring the tenancy is embedded within the land at Goregaon and the investment in FPL. To the extent that the investment in FPL represents the now extinguished tenancy rights, that component no longer has the potential to produce future economic benefits.
Accordingly, the Group has assessed the recoverability of its investment in FPL based on current financial position and future cash flow projections of the subsidiary. The impairment loss on Diminution in value of Investment has been written off / recognized in the Statement of Profit and Loss under the head "Exceptional Items" comprises an amount of Rs. 18,217.09 lakhs in accordance with the requirements of Ind AS 36 – Impairment of Assets. (Note no. 46 and 47 of the Consolidated financial statements)
iv. During the FY 2024-25, the company has completed an Initial Public Offer ("the IPO") of fresh issue of 3,20,37,601 equity shares with a face value of INR 10 each at an issue price of INR 128 per share (includes 1,62,601 equity shares issued to eligible employees with a face value of INR 10 each at an issue price of INR 123 per share) aggregating to Rs. 41000.00 lakhs. The equity shares of the Company were listed on National Stock Exchange of India Limited ("NSE") and on BSE Limited ("BSE") on September 24, 2024. The details of IPO proceeds of Rs. 38106.50 lakhs (net of share issue expenses). The entire IPO proceeds have been fully utilised by March 31, 2026, in accordance with the objects of the issue.
v. On November 21, 2025, the Government of India notified the four Labour Codes, including the Code on Wages, 2019. The company has carried out actuarial valuation as on 31 December 2025 and 31 March 2026 considering uniform definition of "wages" as per codes on Wages and the company assessed and identified no material impact on the financial results of the company.
vii. The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures up to the third quarter of the respective financial year.
viii. The Group operates only in one operating segment i.e. "Real Estate Development", hence does not have any reportable segments as per Ind As 108 "Operating Segments".
ix. The Group Comprises the following subsidiaries and associates:
- Arkade Paradigm (Subsidiary)
- Arkade Realty (Subsidiary)
- Filmistan Private Limited (Wholly owned subsidiary)
- Assist 360 Facility Management Private Limited (Wholly owned subsidiary)
- Atul & Arkade Realty (Associate)
- Bhoomi & Arkade Associates (Associate)
x. Financial results of Arkade Developers Limited (Standalone)
| Particulars | Quarter Ended | Year ended | |||
|---|---|---|---|---|---|
| March 31, 2026 | Dec 31,2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | |
| Revenue from operations | 19,862.64 | 19,647.26 | 13,144.73 | 81,608.81 | 68,309.62 |
| Exceptional Items | 18,217.09 | - | - | 18,217.09 | - |
| Profit before tax | (14,373.89) | 5,330.96 | 4,548.58 | 781.42 | 21,141.22 |
| Profit/(Loss) for the quarter/year | (10,834.81) | 4,026.66 | 3,325.55 | 533.96 | 15,693.24 |
Place: Mumbai
Date: 27th May,2026
ARKADE
Statement of Audited Consolidated Assets and Liabilities as at March 31, 2026
(Rs. in Lakhs)
| Particulars | As at Mar 31, 2026 | As at Mar 31, 2025 |
|---|---|---|
| Audited | Audited | |
| Assets | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 3,805.61 | 1,646.55 |
| (b) Intangible assets* | 68.77 | 44.00 |
| (c) Capital WIP | 473.95 | - |
| (d) Intangible assets under development | 36.18 | - |
| (e) Right-of-use assets | 160.18 | 187.49 |
| (f) Financial assets | ||
| (i) Investments | 1,850.27 | 1,821.83 |
| (ii) Other financial assets | 488.95 | 388.55 |
| (g) Non-current tax assets (net) | 1,255.61 | 216.95 |
| (h) Deferred tax assets (net) | 234.86 | 131.98 |
| (i) Other non-current assets | 22.06 | 19.10 |
| Total non-current assets | 8,396.45 | 4,456.45 |
| Current assets | ||
| (a) Inventories | 91,011.28 | 90,605.67 |
| (b) Financial assets | ||
| (i) Investments | 5,547.27 | 12,023.71 |
| (ii) Trade receivables | 2,403.58 | 3,476.81 |
| (iii) Cash and cash equivalents | 2,373.90 | 2,172.47 |
| (iv) Bank balances other than (ii) above | 172.50 | 11,233.42 |
| (v) Loans | 19.58 | 16.21 |
| (vi) Other financial assets | 1,109.71 | 212.62 |
| (c) Other current assets | 1,687.36 | 864.43 |
| Total current assets | 1,04,325.18 | 1,20,605.34 |
| Total assets | 1,12,721.64 | 1,25,061.79 |
| Equity and liabilities | ||
| Equity | ||
| (a) Equity share capital | 18,566.36 | 18,566.36 |
| (b) Other equity | 69,649.85 | 69,803.84 |
| Total attributable to owners of the parent company | 88,216.21 | 88,370.20 |
| Total attributable to Non-Controlling Interest | (0.12) | 22.83 |
| Total Equity | 88,216.08 | 88,393.03 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 9,226.55 | 7,489.58 |
| (ii) Lease liabilities | 64.65 | 100.24 |
| (iii) Other financial liabilities | - | - |
| (b) Provisions | 577.66 | 173.82 |
| (c) Deferred Tax Liabilities (Net) | ||
| Total non-current liabilities | 9,868.86 | 7,763.64 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 579.59 | 3,831.37 |
| (ii) Lease liabilities | 35.59 | 43.10 |
| (iii) Trade payables | ||
| - Total outstanding dues to small and micro enterprises | 867.29 | 1,105.21 |
| - Total outstanding dues of creditors other than small and micro enterprises | 3,494.87 | 3,487.28 |
| (iv) Other financial liabilities | 1,739.04 | 2,871.83 |
| (b) Other current liabilities | 7,764.11 | 16,411.79 |
| (c) Provisions | 156.22 | 729.35 |
| (d) Current tax liabilities (net) | - | 425.19 |
| Total current liabilities | 14,636.70 | 28,905.12 |
| Total equity and liabilities | 1,12,721.64 | 1,25,061.79 |
- Refer Note (iii), (iv) and (v)
For and on behalf of the Board of Directors Arkade Developers Limited
Date: 27th May, 2026
4000000000000000000000000000000000000000000000000000000000000000000000
Amit Jain
Statement of Audited Consolidated Cash Flow for the quarter and year ended March 31 2026
| Particular | For the year ended | |
|---|---|---|
| Mar 31, 2026 | Mar 31, 2025 | |
| Audited | Audited | |
| Cash flows from operating activities | ||
| Profit before tax | 790.38 | 21,140.82 |
| Adjustments for: | ||
| Finance costs | 89.08 | 175.36 |
| Interest income | (292.14) | (928.48) |
| Loss/(Gain) on disposal of property, plant and equipment (net) | 1.88 | (0.92) |
| Fair value (gain) on investments (net) | (47.76) | (90.48) |
| Share based Payments | 20.34 | - |
| Loss / (gain) on sale of current investments (net) | (323.72) | (112.97) |
| Depreciation and amortisation expenses | 1,022.09 | 490.67 |
| Operating profit before working capital changes | 1,260.14 | 20,674.02 |
| Adjustments for: | ||
| (Increase)/decrease in operating assets | ||
| Trade receivables | 1,073.23 | (2,669.62) |
| Inventories | (405.61) | (41,815.43) |
| Other financial assets (Non-Current and Current) | (1,019.59) | (126.88) |
| Loans | (3.37) | (5.07) |
| Other assets (Non-Current and Current) | (825.88) | 507.57 |
| Increase/(decrease) in operating liabilities | ||
| Trade payables | (230.33) | 763.19 |
| Provisions (Non-Current and Current) | (169.29) | 246.17 |
| Other financial liabilities (Non-Current and Current) | (1,132.79) | 2,414.06 |
| Other current liabilities | (8,647.68) | 3,524.29 |
| Changes in Working Capital | (11,361.32) | (37,161.71) |
| Cash generated from operations | (10,101.18) | (16,487.70) |
| Income taxes paid (Net of Refund) | (1,827.71) | (5,284.40) |
| Net cash generated by operating activities | (11,928.88) | (21,772.10) |
| Cash flows from investing activities | ||
| (Investment in) / Proceeds from Bank Deposits | 11,060.92 | (11,077.63) |
| (Investment) / withdrawal from investments in subsidiary & associates firms | (28.45) | (8.43) |
| (Investment in) / Proceeds from current investments | 6,847.92 | (11,820.26) |
| Purchase of property, plant and equipment and other intangible assets | (3,139.82) | (914.10) |
| Interest Income | 273.57 | 928.48 |
| Proceeds from disposal of property, plant and equipment and other intangible assets | - | 3.51 |
| Net cash used in investing activities | 15,014.13 | (22,888.44) |
| Cash flows from financing activities | ||
| Proceeds from issue of equity instruments | - | 43,000.00 |
| Dividend Paid | (361.44) | |
| Share issue expenses | (338.82) | (2,653.72) |
| Proceeds from borrowings | 14,679.17 | 18,515.32 |
| Repayment of borrowings | (16,193.99) | (14,135.41) |
| Payment of Lease Liabilities | (56.94) | (56.94) |
| Interest paid | (75.25) | (156.99) |
| Change in Non-Controlling Interest | (14.42) | 0.00 |
| Net cash (used in) / generated by financing activities | (2,361.68) | 44,512.25 |
| (Loss)/Gain on remeasurement of the defined benefit plan | (12.01) | (9.53) |
| Net increase/ (decrease) in cash and cash equivalents | 201.43 | (157.81) |
| Cash and cash equivalents at the beginning of the period | 2,172.47 | 2,330.27 |
| Cash and cash equivalents at the end of the period | 2,373.90 | 2,172.47 |
| Reconciliation of cash and cash equivalents with the Balance Sheet: | ||
| Cash and cash equivalents at end of the period | 2,373.90 | 2,172.47 |
Date: 27th May, 2026
B
Amit Jain