Arshiya Limited has informed the Exchange regarding Change in Auditors of the company.
ARSHIYA · price
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Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has appointed Mr. Loveneet Handa (Proprietor of M/s Loveneet Handa & Associates, Practicing Company Secretaries) as its Secretarial Auditor for FY 2023-24 and re-appointed him for FY 2024-25. The appointment was made on February 25, 2026 by the Resolution Professional, Mr. Pankaj Mahajan, exercising the powers of the Board (which is currently suspended under the IBC). This is to ensure statutory compliance during the insolvency period. The appointment will be placed before the Committee of Creditors for ratification in a forthcoming meeting.
This is a routine compliance appointment of a secretarial auditor (not statutory auditor) during the insolvency process. No material impact on shareholders or stock price is expected, though it highlights the company's ongoing CIRP status and governance actions being taken by the Resolution Professional.