In a regulatory filing dated April 21, 2025, Arkade Developers Limited formally notified both the BSE and NSE of the results of its Postal Ballot, which concluded on April 19, 2025. This filing complies with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of voting results following a resolution put to shareholder approval.

The Postal Ballot sought shareholder approval on two significant resolutions:

1. Appointment of Mr. Sandeep Jain (DIN: 02231601) as Whole Time Director of Arkade Developers Limited, including approval for the remuneration payable to him.

2. Introduction and Implementation of the Arkade Developers Employees Stock Option Plan (ESOP) Scheme 2025.

These resolutions were proposed as Special Resolutions, meaning they required a supermajority for approval.

The company appointed CS Deepti Joshi, Partner at M/s Deepti Joshi and Associate, Company Secretaries, as the Scrutinizer to oversee the remote e-voting process. The e-voting was conducted remotely to ensure wider participation of shareholders without the need for physical presence. The Scrutinizer submitted her detailed report dated April 21, 2025, which was attached to the filing.

Background and Resolution Details

1. Appointment of Mr. Sandeep Jain as Whole Time Director

The Board had earlier approved the appointment of Mr. Sandeep Jain, who has held multiple leadership roles in the real estate and infrastructure sector. His designation as Whole Time Director (WTD) comes at a time when the company is planning significant expansion. The resolution also detailed his remuneration structure, benefits, and tenure terms.

2. Arkade Developers ESOP Scheme 2025

The second resolution pertained to the launch of an employee stock option plan for the year 2025, titled Arkade Developers ESOP Scheme 2025. This scheme is designed to:

• Retain and reward existing employees,

• Attract new talent,

• Encourage employee ownership in the company’s long-term growth.

The scheme includes provisions for:

• Number of options to be granted,

• Vesting periods and exercise conditions,

• Price determination and administration guidelines.

The special resolution for the ESOP required a higher level of shareholder consent, which was successfully achieved through the e-voting process.

Voting Process and Outcome

The remote e-voting period was open in accordance with statutory timelines and allowed shareholders to cast their votes electronically on both resolutions. Once concluded on April 19, 2025, the scrutinizer reviewed the results and determined that both resolutions had received the requisite majority.

The report submitted by CS Deepti Joshi confirms that:

• The appointment of Mr. Sandeep Jain as WTD was approved.

• The ESOP Scheme 2025 was approved by the shareholders.

This successful passage of resolutions highlights shareholder confidence in the company’s strategic direction and governance practices.

Compliance and Communication

The company, in line with corporate governance norms, submitted the voting results and scrutinizer’s report to the stock exchanges:

• BSE Limited (Scrip Code: 544261)

• National Stock Exchange of India Limited (NSE Symbol: ARKADE)

The submission was made under reference number ADL/SE/25-26/5 by Ms. Sheetal Solani, Company Secretary and Compliance Officer of Arkade Developers Limited. The company reasserted its commitment to transparency, stakeholder engagement, and adherence to SEBI regulations.

Implications for the Company

The approval of these resolutions is a pivotal step for Arkade Developers as it transitions further into its next growth phase. The appointment of a seasoned professional like Mr. Sandeep Jain is expected to bring operational strength and leadership depth to the company.

Simultaneously, the ESOP Scheme 2025 is seen as a strategic move to incentivize talent and promote a sense of ownership among employees. Such schemes have been widely adopted across the industry to improve employee retention and align long-term goals.

Forward Strategy

Looking ahead, Arkade Developers is expected to:

• Accelerate project execution under its new leadership structure.

• Use the ESOP Scheme to drive performance-linked culture among teams.

• Continue its practice of prompt and transparent disclosures, in alignment with SEBI LODR norms.

By securing shareholder support through an e-voting-based Postal Ballot, the company has effectively engaged its investors and taken strides in strategic human capital management.

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