Arshiya Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results for the quarter ended on 31st December, 2025.
ARSHIYA · price
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Arshiya Limited has informed the exchanges that it cannot file its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, within the SEBI-prescribed timeline. The company remains under the Corporate Insolvency Resolution Process (CIRP) since the NCLT Mumbai order dated April 23, 2024, with Mr. Pankaj Mahajan acting as the Resolution Professional and the Board of Directors' powers suspended. It has cited major operational disruptions as reasons for the delay, including the relocation of its registered office in April 2024, the sudden resignation of 50 out of 71 employees in late July/early August 2024, and difficulties in collecting financial data from subsidiaries. Notably, its subsidiary Arshiya Northern FTWZ Limited (ANFL) is also under a separate CIRP, which is further delaying the consolidation of accounts.
Persistent insolvency proceedings nearly two years after the NCLT order, combined with continued failure to file timely results, signal deep operational and financial distress, which is likely to weigh on investor confidence and the stock price. Shareholders should expect heightened uncertainty around the company's resolution plan and potential recovery.