Arkade Developers terminates Chief Sales Officer after investigation

1 min read Updated on 19 Jun 2026, 12:47 AM

Reviewed by

Jubin VScanX News Team

AI Summary

Arkade Developers terminated Mrs. Amita Singh, Chief Sales Officer, effective June 17, 2026, following an internal investigation into professional misconduct and breach of fiduciary duties. The company stated it has secured its systems and does not anticipate a material impact on operations.

*this image is generated using AI for illustrative purposes only.

Arkade Developers terminated the services of Mrs. Amita Singh, its Chief Sales Officer, effective June 17, 2026, following an internal investigation into serious professional misconduct. The company took the action after a review found evidence of a breach of company policies, breach of fiduciary duties, and unauthorized handling and transmission of confidential information. The termination was enacted to protect the interests of the company.

Details of the Termination

The internal review concluded that the employee engaged in acts prejudicial to the interests of the company. Consequently, the board decided to cease the employment of the senior management personnel immediately upon the finalization of the investigation findings on June 17, 2026. The company stated it has taken immediate steps to secure its systems, data, customer information, and business operations, and does not anticipate any material impact on its ongoing operations arising from the termination. The matter is presently under further review, and the company reserves its rights to initiate legal and other proceedings as may be considered appropriate in accordance with law.

Disclosure of Particulars

The following table outlines the key details regarding the change in senior management personnel:

Particulars	Details
Name of Senior Management Personnel	Mrs. Amita Singh
Designation	Chief Sales Officer
Reason for Change	Termination of employment pursuant to findings of internal review/investigation relating to misconduct, breach of Company policies, breach of fiduciary duties, unauthorized handling and transmission of confidential information and other acts prejudicial to the interests of the Company
Date of Cessation/Termination	17 June 2026

Historical Stock Returns for Arkade Developers

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.88%	+2.31%	+0.06%	-14.95%	-41.65%	-31.08%

Who will be appointed as the interim Chief Sales Officer to maintain business continuity?

What specific legal actions does the company plan to take against the former executive?

Will the unauthorized transmission of confidential information impact client trust or future sales?

Read Next Article

Arkade Developers appoints Sanoj Sivadasan Pacha as VP Sales

0 min read Updated on 19 Jun 2026, 12:35 AM

Reviewed by

Ashish TScanX News Team

Add as a preferred
source on Google

AI Summary

Arkade Developers Ltd has appointed Sanoj Sivadasan Pacha as Vice President – Sales, effective June 18, 2026, to strengthen its senior management team. Pacha holds an MBA from ICFAI University of Tripura and brings 23 years of experience to the role. The disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015.

*this image is generated using AI for illustrative purposes only.

Arkade Developers Ltd has appointed Sanoj Sivadasan Pacha as Vice President – Sales, effective June 18, 2026. The appointment strengthens the company's senior management team to oversee its sales operations.

Pacha brings 23 years of experience to the role. He holds a Master of Business Administration degree from ICFAI University of Tripura.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015. The filing confirmed there is no directorial relationship requiring disclosure.