Arshiya FY25 audit draws Disclaimer of Opinion with 11 qualifications

Going ConcernQualified OpinionPat NegativeResults RestatedContingent Liabilities IncreasedDebt Equity ThresholdResults View source PDF

ARSHIYA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Arshiya Limited, under Corporate Insolvency Resolution Process (CIRP) since April 2024, filed its Audit Qualifications statement for FY ending March 31, 2025. The statutory auditor issued a Disclaimer of Opinion citing 11 issues, including disputed revenue of Rs 1,497 lakhs from Ascendas, unrecovered subsidiary loans of Rs 57,539 lakhs, corporate guarantees of Rs 1,22,350 lakhs, unaccrued interest on borrowings, restatement of demerger, and pending trade balance confirmations. The company reported total income of Rs 1,495 lakhs, net loss of Rs 1,09,446 lakhs, and negative net worth of Rs 1,44,030 lakhs.

Likely market impact

Disclaimer of Opinion, negative net worth of Rs 1,44,030 lakhs, and ongoing CIRP signal extreme financial distress and serious risk for shareholders.