Arkade Developers Limited has informed the Exchange that Record date for the purpose of Dividend is 01-Aug-2025.
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Awaiting price reaction for this filing.
The board of Arkade Developers approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with a clean (unmodified) limited review opinion from statutory auditors Mittal & Associates. Revenue from operations grew about 27% year-on-year to Rs. 15,944.58 lakhs, but profit after tax dipped roughly 5% to Rs. 2,875.53 lakhs versus Rs. 3,022.14 lakhs in Q1 FY25, with EPS at Rs. 1.55. The board declared a 1st interim dividend of Re. 1 per equity share (10% of face value) for FY 2025-26, with a record date of August 1, 2025 and payment on or before August 12, 2025. Notably, promoter Amit Mangilal Jain and executive directors Arpit Vikram Jain and Sandeep Ummedmal Jain are waiving their dividend entitlement to boost value for other shareholders. Of the Rs. 38,106.50 lakhs net IPO proceeds raised in September 2024, Rs. 30,394.98 lakhs has been utilised, with Rs. 7,711.52 lakhs (about 20%) still parked in bank fixed deposits.
Positive signal for retail shareholders: a dividend declaration within the first quarter of listing (post-September 2024 IPO) and promoters forgoing their share reflect management confidence. Revenue growth is strong, though the mild PAT decline may temper near-term excitement; stock could see short-term interest on the dividend record date.