Arshiya Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on March 27, 2026
ARSHIYA · price
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Arshiya Limited, a company under Corporate Insolvency Resolution Process (CIRP), has informed the exchanges about its 44th Annual General Meeting scheduled for Friday, March 27, 2026, at 3:00 PM via Video Conferencing. The company entered CIRP on April 23, 2024, after NCLT admitted Punjab National Bank's petition for an alleged default of Rs. 193.24 crore, where Arshiya stood as corporate guarantor for its subsidiary Arshiya Northern FTWZ Limited. Mr. Pankaj Mahajan is acting as the Resolution Professional, and the Board of Directors remains suspended. The AGM will consider adopting standalone FY 2024-25 financials, take note of non-preparation of consolidated financials (due to subsidiaries also being under CIRP), and approve the appointment of M/s Loveneet Handa and Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30). The book closure period runs from March 21, 2026, to March 27, 2026.
This is a procedural AGM notice for a company deep in insolvency, so it carries no positive operational signal. Shareholders should note that consolidated financials are unavailable, director rotation is suspended, and the company's future is contingent on the resolution plan being approved by the NCLT. Existing equity holders face significant uncertainty, as the CIRP process can lead to resolution, liquidation, or restructuring that may dilute or cancel current shareholdings.