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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Arkade Developers Ltd

Arkade Developers Completes 100% Acquisition of Woollen and Textile Industries for Rs. 145.51 Crore

M&A ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 03 Nov 2026, 12:09 PM IST  ·  BSE ID: 1d0c477b-60d5-47a0-9d36-592eeeb98fce
View Original BSE Filing (PDF)
💡
In Simple Terms
Arkade Developers purchased all shares of Woollen and Textile Industries, a real estate company, for Rs. 145.51 Crore.
🤖 AI Summary
  • Arkade Developers completed 100% share acquisition of Woollen and Textile Industries Limited (WTIL) for Rs. 145.51 Crore.
  • WTIL, now a wholly-owned subsidiary, operates in the real estate industry, incorporated on February 10, 1951.
  • WTIL reported a net worth of 199.91 Crore and turnover of 0.18 Crore as of March 31, 2026.
  • The acquisition, completed on November 03, 2026, required no regulatory approvals and was a cash consideration.
  • The stated object is to facilitate smoother expansion of Arkade Developers' real estate business operations.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Cost of acquisition
Rs. 145.51 Crore
Percentage of shareholding acquired
100%
WTIL Net worth (as on March 31, 2026)
199.91 Crore
WTIL Turnover (FY26)
0.18 Crore
WTIL Turnover (FY25)
0.45 Crore
WTIL Turnover (FY24)
0.73 Crore
🏢 How This Affects the Company
📈
Business Impact
The acquisition of WTIL is intended to facilitate the expansion of Arkade Developers' real estate operations, adding a new wholly-owned subsidiary to its portfolio.
💰
Financial Impact
Arkade Developers incurred a cash consideration of Rs. 145.51 Crore for the 100% acquisition. WTIL's net worth was 199.91 Crore as of March 31, 2026, and its turnover was 0.18 Crore.
⚙️
Operational Impact
The company integrated WTIL, an entity focused on real estate, into its operational structure, aligning with its stated goal of business development and growth.
⚠️
Risk Impact
The filing does not indicate an increase or decrease in regulatory or operational risks; no governmental approvals were required for this transaction.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this acquisition completion disclosure.
👤
Who Is Affected
Existing shareholders of Arkade Developers are affected by the company's deployment of Rs. 145.51 Crore in cash for the acquisition of WTIL.
🔍
Management Signal
The acquisition signals management's intent to expand operations and capabilities within the real estate sector by integrating a wholly-owned subsidiary.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 results — review financial integration of acquired entity.
Future disclosures on WTIL's operational progress and revenue contribution.
Arkade Developers' investor calls — seek details on acquisition strategy and synergy.
MEDIUM RISK The acquired entity, WTIL, has a historically low and declining turnover, presenting an integration and profitability risk.
💡 Investor Takeaway
Arkade Developers has completed the 100% acquisition of Woollen and Textile Industries Limited (WTIL) for a cash consideration of Rs. 145.51 Crore. WTIL, a real estate entity, had a net worth of 199.91 Crore and turnover of 0.18 Crore as of March 31, 2026.
⚖️ Strengths & Concerns

✅ Positives

  • Completion of 100% acquisition provides full control over Woollen and Textile Industries Limited for Rs. 145.51 Crore.
  • Acquisition aims to facilitate smoother expansion of real estate operations, aligning with core business strategy.

⚠️ Concerns

  • WTIL reported low turnover of 0.18 Crore as of March 31, 2026, despite a net worth of 199.91 Crore.
  • Previous year turnover for WTIL also showed a declining trend: 0.73 Crore (2023-24) to 0.45 Crore (2024-25).
📅 Company Track Record
Arkade Developers had previously intimated on January 29, 2026, about Board approval for the acquisition of Woollen and Textile Industries Limited. This filing confirms the completion of that acquisition. A prior filing on March 25, 2026, also noted the receipt of a court-certified order for a Scheme of Arrangement, with implementation terms then undisclosed.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total cost of acquisition for Woollen and Textile Industries Limited?
Arkade Developers Limited acquired 100% shares of Woollen and Textile Industries Limited for a cash consideration of Rs. 145.51 Crore.
What is the business of the acquired entity, Woollen and Textile Industries Limited?
Woollen and Textile Industries Limited (WTIL) is in the business of Real Estate, as per the disclosure.
What was the turnover of Woollen and Textile Industries Limited in FY26?
Woollen and Textile Industries Limited reported a turnover of 0.18 Crore for the fiscal year ending March 31, 2026.
When was the acquisition of Woollen and Textile Industries Limited completed?
The acquisition of Woollen and Textile Industries Limited was completed on November 03, 2026, through the execution of a Share Purchase Agreement.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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