Arshiya explains delay in Q3 FY25 results filing under insolvency process
ARSHIYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arshiya Limited, under Corporate Insolvency Resolution Process (CIRP), clarified to NSE the delay in submitting Q3 FY25 standalone results and non-submission of consolidated results. The company cited procedural challenges, limited administrative resources, and CIRP-related constraints as reasons for missing SEBI LODR filing timelines. Consolidated results were not filed because certain subsidiaries are also under CIRP and could not finalize accounts. Pankaj Mahajan is the Resolution Professional appointed by NCLT Mumbai Bench.
Shows continued compliance stress due to insolvency. Risks of further exchange action remain; shareholders should watch for NCLT resolution progress and timely filings.