Arkade Developers Limited concluded its 40th Annual General Meeting on September 22, 2026, with all six resolutions passed and voting results submitted to stock exchanges on September 24, 2026.

The meeting was held through video conferencing and other audio-visual means, in compliance with Ministry of Corporate Affairs and SEBI circulars. A total of 57 members attended the session, which commenced at 3:00 pm and concluded at 4:06 pm. The scrutinizer's report was issued by CS Vijay Yadav, Partner of M/s AVS & Associates, Practicing Company Secretaries, dated September 23, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was conducted via BIGSHARE, commencing September 18, 2026 at 9:00 am IST and closing September 21, 2026 at 5:00 pm IST. The cut-off date for determining eligible shareholders was September 15, 2026.

Resolutions passed

Shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The Board of Directors' reports and auditors' opinions were received without any qualifications or adverse comments on financial transactions or secretarial matters. The following special business items were also approved: introduction and implementation of the Arkade Employees Stock Option Plan (ESOP) 2026; extension of benefits under the Arkade ESOP 2026 to employees and directors of subsidiary companies. Additionally, members ratified the remuneration of cost auditors for FY27 and re-appointed Mr. Arpit Vikram Jain as a director retiring by rotation.

Voting results summary

Across all six resolutions, total votes polled stood at 15,09,49,250 out of 18,56,63,617 outstanding shares, representing 81.30% participation. The table below summarises the outcome for each resolution.

Category-wise participation

The promoter and promoter group, holding 13,21,79,848 shares, polled 12,91,99,848 votes, representing 97.74% of their holdings, and voted entirely in favour across all resolutions. Public institutional holders, with 14,03,195 shares, polled 11,94,933 votes (85.16% participation). Public non-institutional holders, holding 5,20,80,574 shares, polled 2,05,54,469 votes (39.47% participation). No invalid votes were recorded in any category for any resolution.

Notably, for the re-appointment of Arpit Vikram Jain (Resolution 3), public institutional holders voted 1,98,644 shares against out of 11,94,933 polled, representing 16.62% of their votes. For the two ESOP-related special resolutions (Items 5 and 6), public institutional holders voted 11,87,689 shares against, representing 99.39% of their institutional votes polled, while the promoter group and public non-institutional holders voted overwhelmingly in favour, resulting in both resolutions passing.

Governance and attendance

Mr. Amit Mangilal Jain, Chairman and Managing Director, chaired the meeting. Key personnel present included Whole-time Directors Mr. Arpit Vikram Jain and Mr. Sandeep Ummedmal Jain, along with Independent Directors Mrs. Neha Sunil Huddar, Mr. Abhishek Dev, and Mr. Sumesh Ashok Mishra. The statutory auditors, M/s Mittal & Associates, Chartered Accountants, were represented at the meeting. E-voting results were declared by the scrutinizer, M/s AVS & Associates, and filed with the stock exchange platforms on September 24, 2026.

What the numbers show

The clean audit record for FY26, with no qualifications in either the statutory or secretarial audit reports, reflects strong compliance. The ESOP 2026 resolutions passed despite near-unanimous opposition from public institutional holders, carried by the promoter group's 97.74% participation rate and broad support from non-institutional shareholders. The re-appointment of Arpit Vikram Jain also passed comfortably, with 99.87% of total votes polled in favour, notwithstanding 16.62% opposition from institutional holders.

Arkade , a retail technology and supply chain greenhouse based in Bentonville, Arkansas, marked its one-year anniversary on September 9. The facility supports growth-stage companies seeking access to the region's dense network of major retailers and logistics firms.

Funding and Commercial Milestones

In its inaugural year, Arkade supported 14 member companies that collectively raised $28.8 million in funding, with an additional $15 million currently in the pipeline. Beyond capital acquisition, these startups secured 10 pilots and contracts with prominent industry players, including Walmart, Tyson, and Home Depot.

The initiative, founded by Are Traasdahl, also founder of AI retail data platform Crisp, aims to provide a home base for global innovators. The model allows companies to test products and build relationships before committing to a longer-term US footprint.

Ecosystem Impact and New Leadership

The presence of Arkade has contributed to local economic activity, creating 15 new jobs in Northwest Arkansas across member companies. The hub has hosted 59 events attracting over 650 unique attendees, fostering connections within the retail ecosystem.

Alongside the anniversary announcement, Arkade introduced serial entrepreneur John Collins as its first entrepreneur-in-residence. Collins, who has previously exited OmniiX and Chargeguard, currently serves as CEO of creatorXchange. He joins three program-level partners: Endeavor Heartland, Fuse Accelerator, and Nasdaq Milestone Circles.

First-Year Performance Metrics

What the Numbers Show

The data reveals a strong correlation between physical proximity to corporate headquarters and commercial conversion rates. With 10 pilots secured by just 14 member companies, the average member achieved nearly one pilot contract per year. This suggests that the co-location strategy effectively accelerates the sales cycle for enterprise-ready innovators targeting the specific retail cluster in Northwest Arkansas.