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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Awaiting price reaction for this filing.
Arshiya Limited has informed the exchanges that its 43rd Annual General Meeting will be held on Friday, March 27, 2026, at 12:30 PM via Video Conference. This AGM covers the Financial Year 2023-24 and was delayed because the company is currently under the Corporate Insolvency Resolution Process (CIRP), which was admitted by NCLT Mumbai on April 23, 2024, after Punjab National Bank filed for default of about Rs. 193.24 crore. Mr. Pankaj Mahajan is acting as the Resolution Professional, and the Board of Directors remains suspended. The AGM will mainly seek adoption of the audited standalone financial statements for FY 2023-24, take note that consolidated financial statements could not be prepared because some subsidiaries are also under CIRP, and note that director rotation is not applicable during CIRP. Voting will be conducted electronically through NSDL, with the remote e-voting window running from March 24 to March 27, 2026.
This is a procedural, compliance-driven filing rather than a value-changing event. Shareholders get a chance to vote on delayed FY 2023-24 accounts, but the underlying message remains that the company is still resolving its insolvency and no resolution plan has been finalised yet, which keeps significant uncertainty around the stock.