Arshiya Limited has Submitted to the Exchange, the audited Financial Results (Standalone) along with the Audit Report thereon for the Quarter and Financial year ended March 31, 2025.
ARSHIYA · price
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Arshiya Limited reported standalone revenue of Rs 1,494.85 lakhs for FY2025, marginally higher than Rs 1,376.65 lakhs in FY2024. However, the company recorded a massive net loss of Rs 1,09,446.03 lakhs (vs Rs 1,17,495.10 lakhs loss in FY2024), driven by exceptional items of Rs 1,06,820.66 lakhs representing admitted financial creditor claims under CIRP. The balance sheet shows negative equity of Rs 1,44,030.12 lakhs with current liabilities exceeding current assets by Rs 2,51,396.26 lakhs. Statutory auditors M/s ARTHA & Associates issued a Disclaimer of Opinion citing 12 material reasons including unresolved revenue of Rs 31,497.19 lakhs from Ascendas without executed contracts, recoverability concerns on inter-company balances, non-recognition of interest on financial liabilities during CIRP, and absence of director approvals. The company is under Corporate Insolvency Resolution Process (CIRP) admitted by NCLT on April 23, 2024, with the Resolution Professional now managing affairs.
The disclaimer of opinion and negative equity of over Rs 1,400 crore signal extreme financial distress. Shareholders face potential value destruction as the company's fate depends entirely on CIRP outcome. The stock is essentially a speculative bet on a resolution plan, with substantial uncertainty around asset valuations and liabilities.