Arshiya Limited has informed the Exchange about reasons for Delayed/Non-submission of Audited Financial Results for the Fourth Quarter and Financial Year Ended March 31, 2026.
ARSHIYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arshiya Limited has informed exchanges that it cannot submit its audited standalone and consolidated financial results for Q4 FY2026 due to being under Corporate Insolvency Resolution Process (CIRP) since April 2024. The Resolution Professional, Mr. Pankaj Mahajan, has been appointed by NCLT Mumbai and currently exercises all board powers. The company faced additional disruption when 50 out of 71 employees resigned without notice between July-August 2024 after relocating its registered office. Data collection and consolidation of financials from the holding company and its subsidiary Arshiya Northern FTWZ Limited (also under CIRP) is ongoing, causing further delays.
The company is making efforts to submit results at the earliest, but the insolvency proceedings and operational disruptions indicate significant financial distress that shareholders should be aware of.