Independent Director Mr. Ved Prakash resigns from Arshiya board
ARSHIYA · price
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Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), confirmed that Non-Executive Independent Director Mr. Ved Prakash (DIN: 02988628) has stepped down effective February 18, 2026. He originally submitted his resignation in September 2024, but the company board was suspended under Insolvency and Bankruptcy Code rules, so Resolution Professional Pankaj Mahajan only formally recorded his exit now. Reason cited: he lives in Dubai and cannot devote enough time. He holds no other listed company directorships.
Routine director exit with minimal impact. The company is under insolvency and run by the Resolution Professional, so board changes have limited effect on shareholders.