Former CSO linked to fraud; FIR filed, around Rs 2 crore alleged gain

Fraud confirmedRegulatory & Legal View source PDF Explain this filing

ARKADE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.5%Reaction day

₹132.68

prior close

₹133.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+4.1% vs market

Residential Commercial Projects peers, median of 65sector+0.3%+4.3% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.3 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.8

10m

+3.3

15m

+3.1

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.5+0.5+4.1+0.3+4.3

Next day

+6.2-0.1+6.4-0.9+7.2

+6.2+1.0+5.2-0.2+6.4

+5.5+2.3+3.2+0.9+4.7

+4.8+2.8+2.0+0.7+4.1

+4.5+4.1+0.4+0.1+4.4

+5.5+4.5+1.0+0.0+5.5

15d

-3.7+4.8-8.5-0.9-2.8

-7.8+6.4-14.2-1.8-6.0

-7.8+5.5-13.3-5.5-2.3

-19.0-1.7-17.3-11.7-7.2

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arkade Developers disclosed fraud by former Chief Sales Officer Amita Singh. Allegations include diversion of customer transactions through broker entities, wrongful gain via brokerage and vendor deals, and forging a Director's signature on car parking sale agreements. FIR registered at Samata Nagar Police Station. Alleged wrongful gain estimated around Rs 2 crore. Employee terminated on 17 June 2026. Company strengthened internal controls and says no material adverse impact on business or financials.

Likely market impact

Possible short-term negative sentiment. Company states no material impact; monitor investigation outcome and any further disclosures.