Arkade Developers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
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Arkade Developers Limited has informed the exchanges that its 39th Annual General Meeting will be held on Wednesday, September 24, 2025 at 3:00 PM via video conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY 2024-25 and re-appointment of Amit Mangilal Jain (Chairman & Managing Director, holding 66.60% of shares), who retires by rotation. Special business covers appointment of M/s AVS & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), ratification of Rs. 82,600 remuneration for cost auditor M/s Joshi Apte & Associates for FY 2025-26, and a special resolution to amend the ESOP 2025 plan by raising the option pool from 40,000 to 2,40,000 options (about 0.13% of post-issue capital). Remote e-voting opens on September 20 and closes on September 23, 2025, with September 17, 2025 as the cut-off date.
This is a routine AGM notice with standard agenda items. The key point for shareholders is the proposal to expand the ESOP pool six-fold, which will result in a small dilution (around 0.13%) but is aimed at retaining talent. Promoter Amit Jain's re-appointment and the change of secretarial auditor to AVS & Associates are governance items with no material impact on the stock.