Arkade developers Limited has received the Occupation Certificate (OC) for its residential project at Malad West, marking a significant milestone in the company's development portfolio. The certificate was received on March 30, 2026, as announced through a regulatory filing to stock exchanges.

Project Completion Details

The company informed both BSE and NSE about this development through an official communication dated March 31, 2026. The project has been completed in full compliance with approved architectural plans and local building regulations, ensuring adherence to statutory requirements.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to disclose material events and developments that could impact investor decisions.

Significance for Stakeholders

The receipt of the Occupation Certificate represents the final regulatory approval required for the residential project. This certification confirms that the development meets all safety, structural, and regulatory standards set by local authorities. The OC enables the company to proceed with possession and handover activities to prospective buyers.

The project completion adds to Arkade Developers' portfolio of delivered residential developments in Mumbai's western suburbs. Malad West remains a key micro-market for residential real estate development, offering connectivity and infrastructure advantages to homebuyers.

Arkade Developers Limited has completed the filing of Form INC-28 with the Registrar of Companies, Mumbai, on March 25, 2026, marking a significant milestone in its corporate restructuring initiative. This filing follows the National Company Law Tribunal's (NCLT) approval of the scheme of arrangement between the company and its wholly-owned subsidiary, Filmistan Private Limited.

NCLT Approval and Scheme Details

The Mumbai Bench of the NCLT approved the demerger scheme on March 16, 2026, under Sections 230 to 232 of the Companies Act, 2013. The scheme involves the transfer of Filmistan Private Limited's "Demerged Undertaking" to Arkade Developers Limited on a going concern basis.

Scope of Demerged Undertaking

The demerged undertaking encompasses Filmistan's rental business activities, specifically comprising:

• Tenancy rights over land located at Village Pahadi, Goregaon (West), Taluka Borivali, District Mumbai Suburban
• Various specialized structures erected on the property
• Related equipment, assets, and corresponding liabilities
• Management and operational rights pertaining to the business

The transfer includes all movable and immovable properties, tangible and intangible assets, contracts, agreements, licenses, approvals, and other rights associated with the rental business operations.

Strategic Rationale and Benefits

The scheme is designed to achieve several strategic objectives as part of Arkade Developers' overall growth strategy in the real estate sector:

• Streamlined Management: The demerger will consolidate leasehold rights of the property with the underlying land already owned by Arkade Developers, creating a unified ownership framework
• Administrative Efficiency: Integration within a single entity will rationalize operations and achieve administrative efficiencies
• Future Opportunities: Unified ownership positions the company to better explore remaining business opportunities
• Stakeholder Benefits: The arrangement serves the best interests of shareholders, creditors, and other stakeholders of both companies

Share Capital Structure

The share capital details of both companies as of the appointed date reveal the subsidiary relationship:

Filmistan Private Limited (Demerged Company)

Arkade Developers Limited (Resulting Company)

Regulatory Compliance and Next Steps

The scheme has received all necessary regulatory approvals, with the NCLT noting that no objections were received during the approval process. The Regional Director (Western Region) provided satisfactory observations, and all concerns raised were adequately addressed by the applicant companies.

Key compliance aspects include:

• Protection of creditor and employee interests
• Compliance with accounting standards and tax regulations
• Adherence to SEBI listing obligations and disclosure requirements
• Proper transfer of assets, liabilities, and legal proceedings

The effective date of the scheme will be determined upon completion of all conditions specified in the arrangement, with the appointed date retrospectively set as August 1, 2025. This corporate restructuring initiative represents Arkade Developers' continued focus on optimizing its real estate operations and positioning for future growth opportunities.