Arkade Developers Limited has informed the Exchange regarding 'Disclosure Under SEBI (PIT) Regulations, 2015'.
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Awaiting price reaction for this filing.
Arkade Developers' promoter and Managing Director, Mr. Amit Mangilal Jain, purchased 1,00,000 equity shares (0.05% of paid-up capital) from the open market on March 12, 2026. The shares were bought on the NSE at an average price of Rs. 108.34, amounting to a total transaction value of approximately Rs. 1.08 crore. Following this acquisition, his holding increased from 12,37,57,808 shares (66.66%) to 12,38,57,808 shares (66.71%) of the company. The disclosure was filed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The promoter increasing his stake, even modestly, signals continued confidence in the company. However, the size of the purchase (0.05%) is very small and is unlikely to materially impact the stock price or shift the overall promoter holding significantly.