Announced Tue, 23 Jun · 17:55 IST
Independent Director Mr Ved Prakash ceases on Arshiya board
Management Changes View source PDF
ARSHIYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹1.08
prior close
₹1.08
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-2.8+0.9+1.9+0.0-0.9+0.9-5.6-12.0——
Up moveDown movePending
AI summary
Mr Ved Prakash, Non-Executive Independent Director of Arshiya Limited, has ceased on the board with effect from 18 February 2026. He had originally resigned in September 2024, citing his residence in Dubai and inability to devote sufficient time. The company, currently under Corporate Insolvency Resolution Process (CIRP), formally acknowledged the resignation through Resolution Professional Pankaj Mahajan.
Likely market impact
Independent director exit during CIRP; board powers are already suspended, so limited operational impact. Investors should watch ongoing insolvency proceedings.