Arkade Developers is progressing with the demerger of its wholly-owned subsidiary, Filmistan Private Limited.

The National Company Law Tribunal has now cleared a significant step by waiving shareholder and creditor meetings for both entities.

This advancement in the corporate restructuring process aims to create a more focused business structure or unlock value for shareholders.

The demerger still requires remaining regulatory approvals.

This strategic move could enhance operational clarity for both companies.