Announced Tue, 23 Jun · 17:48 IST
Independent Director resigns from Arshiya Limited under CIRP
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 Parkash, Non-Executive Independent Director of Arshiya Limited, has resigned. He had originally tendered his resignation on 4 September 2024, but it could not be processed then because the company is under Corporate Insolvency Resolution Process (CIRP). The Resolution Professional has now formally acknowledged the resignation with effect from 18 February 2026. He cited inability to devote sufficient time as he resides in Dubai. No other details disclosed.
Likely market impact
Minor governance change. Company remains under CIRP, managed by Resolution Professional. No material impact expected on operations.