Arkade Developers Limited has informed the Exchange about allotment of Equity Shares by its Subsidiary Company due to conversion of Loan to Equity Shares.
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Arkade Developers' wholly-owned subsidiary, Filmistan Private Limited, has allotted 7,415 equity shares of Re. 1 each at an issue price of Rs. 17,000 (including a premium of Rs. 16,999 per share) by way of conversion of a loan into equity. Arkade's shareholding in the subsidiary has risen from 1,00,000 shares to 1,07,415 shares, but its ownership percentage remains at 100%. The shares were allotted on September 26, 2025, and the demat credit process has been initiated. The new shares appear to have been issued to Arkade itself, as it was the lender to the subsidiary.
This is an internal capital restructuring with no dilution for Arkade shareholders and no change in its 100% stake in the subsidiary. It strengthens Filmistan's balance sheet by replacing debt with equity, but is unlikely to have any material impact on Arkade's stock price.