Arkade Developers buys Woollen and Textile for ₹146 crore

Arkade Developers (NSE: ARKADE) has bought 100% of the shares of Woollen and Textile Industries Limited for a cash cost of ₹145.51 crore, and the acquisition was completed on 03 Nov 2026, it said in a filing on 03 Nov 2026. Woollen and Textile Industries, a real estate business, has become a wholly owned subsidiary of Arkade.

Key highlights

• Cost of acquisition: ₹145.51 crore, all cash
• Stake acquired: 100% of the shares
• Completed: 03 Nov 2026 by Share Purchase Agreement
• Net worth of target: ₹199.91 crore as on 31 Mar 2026

The acquisition in numbers

Cost set against the target's net worth

The cash cost of ₹145.51 crore is 72.8% of Woollen and Textile Industries' net worth of ₹199.91 crore as on 31 Mar 2026. The stake bought is the full 100%, so Arkade now holds all of the target's shares.

Turnover has fallen each year

Turnover of the target fell from ₹73 lakh in 2023-24 to ₹45 lakh in 2024-25 and ₹18 lakh in 2025-26, a fall of 75.3% over the two years. The filing describes the business as real estate, and the stated objects are to facilitate smoother expansion of operations in the sector and aid the development and growth of Arkade's real estate business.

Arkade answers No to whether the acquisition is a related party transaction and to whether promoters, the promoter group or group companies have any interest in WTIL.

Context from Arkade's recent results

Arkade's consolidated total income for Q2 FY27 was ₹146.83 crore and net profit ₹24.81 crore, down 44.5% and 45.8% year on year, and its market value was about ₹1,972 crore at the 03 Nov 2026 close. The company refers to an earlier intimation dated 29 Jan 2026 on the board approval for the purchase.

What the acquisition means for Arkade Developers' shareholders

The company now owns all of Woollen and Textile Industries as a wholly owned subsidiary, after a cash purchase of ₹145.51 crore completed on 03 Nov 2026. No regulatory approvals were needed for the deal.

Not stated: how the price was set, where the cash came from, the target's profit or loss, and whether the deal affects Arkade's results. The acquisition is already complete, so the filing sets no further dated step.