Annual Secretarial Compliance Report Under Regulation 24A of SEBI (LODR) for the Financial Year 2025-26
ARSHIYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arshiya Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, confirming the company remains under Corporate Insolvency Resolution Process (CIRP) since April 23, 2024, initiated by Punjab National Bank for a claimed default of Rs. 193.24 crore. The Practicing Company Secretary identified multiple non-compliances including delayed Share Capital Reconciliation Reports, Shareholding Pattern filings, Corporate Governance Reports, and Financial Results submissions under SEBI LODR Regulations. Additionally, the company failed to maintain the Structured Digital Database required under Insider Trading Regulations. Stock exchanges levied fines of Rs. 17.24 lakh for shareholding pattern delays and Rs. 48.35 lakh for financial results delays. The company attributed all non-compliances to financial constraints during CIRP, preventing timely payments to the Registrar and Transfer Agent. Management has stated that outstanding RTA dues have been cleared and pending filings have been substantially completed.
The stock is under stress due to ongoing CIRP with suspended board powers. While the company has cleared RTA dues and largely regularized filings, shareholders face continued uncertainty pending resolution plan approval. The company continues to operate under Resolution Professional Pankaj Mahajan.