Arkade developers Limited has achieved a significant milestone by receiving two prestigious ISO certifications from SGS United Kingdom Ltd. The company announced this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on March 24, 2026.

ISO Certifications Received

The company has been awarded two important certifications that demonstrate its commitment to quality and safety standards:

Certification Timeline

The certifications were formally received by Arkade Developers Limited on March 23, 2026 at 5:01 p.m. The announcement was made to the stock exchanges the following day, ensuring compliance with regulatory disclosure requirements.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to both major Indian stock exchanges where the company is listed:

• BSE Limited: Scrip Code 544261
• National Stock Exchange of India Limited: Symbol ARKADE

Significance of ISO Certifications

The ISO 9001:2015 certification validates the company's quality management systems, while the ISO 45001:2018 certification confirms its commitment to occupational health and safety management. These internationally recognized standards demonstrate Arkade Developers' dedication to maintaining high operational standards and ensuring workplace safety.

The announcement was signed by Amit Mangilal Jain, Managing Director (DIN: 00139764), confirming the company's formal communication of this achievement to stakeholders and regulatory authorities.

Arkade Developers has received regulatory approval for its corporate restructuring initiative as the National Company Law Tribunal (NCLT) Mumbai Bench sanctioned the scheme of arrangement between Filmistan Private Limited and Arkade Developers Limited on March 16, 2026. The approval marks a significant milestone in the company's strategic reorganization of its business operations.

Scheme Details and Structure

The NCLT order sanctions the demerger of rental business operations from Filmistan Private Limited (demerged company) to Arkade Developers Limited (resulting company) on a going concern basis. The scheme provides for the transfer and vesting of the demerged undertaking along with various consequential and incidental matters.

Business Operations and Rationale

Filmistan Private Limited operates in manufacturing, production, distribution and exhibition of cinematographic films and pictures, along with rental business activities in India. Arkade Developers Limited is engaged in redevelopment of existing structures and new development projects, covering all aspects of real estate development from land identification and acquisition to planning, execution, construction and marketing of commercial and residential projects.

The scheme aims to achieve several strategic objectives:

• Streamline management and control of leasehold property rights by integrating them within the resulting company that already owns the underlying land
• Create unified ownership framework resulting in administrative efficiencies and rationalized operations
• Position the resulting company to explore future business opportunities with integrated ownership structure
• Benefit shareholders, creditors and stakeholders of both companies without prejudicing their interests

Regulatory Compliance and Approvals

The NCLT noted that both companies' boards approved the scheme in their respective meetings held on September 29, 2025. The Regional Director Western Region filed a report dated February 11, 2026, with various observations that were satisfactorily addressed by the applicant companies through an affidavit in rejoinder dated February 17, 2026.

Financial Restructuring

The scheme addressed concerns regarding Filmistan Private Limited's negative net worth as of March 31, 2025. Arkade Developers Limited, with a net worth of Rs. 88370.20 lakhs as of March 31, 2025, infused capital of Rs. 1260.55 lakhs into Filmistan Private Limited on September 26, 2025, through conversion of outstanding loan amounts, making the demerged company's net worth positive.

Implementation Timeline

The scheme will become effective from the date of filing the certified copy of the NCLT order with the Registrar of Companies. Arkade Developers Limited has committed to update the stock exchanges once the scheme becomes effective. The company must file the certified copy along with E-Form INC-28 within 30 days of receiving the order from the tribunal registry.