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 of M/s Loveneet Handa & Associates as its new Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030. The appointment was approved by shareholders at the company's 44th Annual General Meeting held on March 27, 2026, in compliance with the Companies Act 2013 and SEBI Listing Regulations. Mr. Handa is a Fellow Company Secretary with over 14 years of experience spanning secretarial, legal, insolvency, and regulatory matters, and is also a registered Insolvency Professional. The effective start date of April 1, 2025 is nearly a year before the AGM approval, indicating retrospective formalization of the appointment.
This is a routine compliance-driven appointment and is unlikely to move the stock. The choice of an auditor with strong CIRP and NCLT experience is consistent with the company's ongoing insolvency process, and the retrospective start date is common in such situations.