AI assistant
ARKADE DEVELOPERS LIMITED Legal Proceedings Report 2026
59919_rns_2026-05-02_46c582ed-306f-42d7-be65-2939940b1185.pdf
Legal Proceedings Report
Open in viewerOpens in your device viewer
CIN: L45200MH1986PLC039813
ARKADE DEVELOPERS LTD.
Ref No.: ADL/SE/26-27/5
Date: May 02, 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,
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Imposition of Penalty
We hereby inform that, the Company has received an order for appeal filed by the Company, from Assistant Commissioner (Appeals Thane), Central Goods and Services Tax and Central Excise Thane Commissionerate, towards tax demand and penalty under applicable provisions of the CGST 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
MANGIL
AL JAIN
Amit Mangilal Jain
Chairman & Managing Director
DIN: 00139764
Encl. As above
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.
Annexure A
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name of the Authority | Assistant Commissioner, Division III, Central Goods and Services Tax and Central Excise Appeals, Thane Commissionerate. |
| 2. | Nature and details of the action(s) taken or order(s) passed | Imposition of tax Demand of Rs 1,14,62,603/- and penalty of Rs. 11,46,260/- under applicable provisions of the CGST Act, 2017. |
| 3. | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | The order dated April 30, 2026, was received by the Company late evening on April 30, 2026 |
| 4. | Details of the violation(s)/contravention(s) committed or alleged to be committed | The GST dept. has disallowed Input Tax Credit (ITC) for certain transactions for the period FY 19-20, FY 20-21 and FY 21-22. |
| 5. | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | There is no material impact on financial & operational activities of the Company. The Company is in the process of taking necessary legal opinion and considering filing an appeal. |
a
Arkade House, Next to Children's Academy,
A.S.Marg, Ashok Nagar, Kandivali (E),
Mumbai 400 101, Maharashtra, India
022 40033785 | 022 28874742
f 022 28874742
w www.arkade.in