Submission of Unaudited Financial Results (Standalone) along with the Limited Review Report thereon for the Quarter and half year ended September 30, 2025.
ARSHIYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arshiya Limited has submitted its Q2/H1 FY26 standalone financial results while under Corporate Insolvency Resolution Process (CIRP) since April 2024. Revenue from operations stood at Rs 900 lakhs for H1 FY26, up from Rs 579.89 lakhs in H1 FY25. The company reported a net loss of Rs 114.37 lakhs for H1 FY26 compared to a massive loss of Rs 99,685.09 lakhs in the previous year. The company's balance sheet shows negative other equity of Rs 1,44,414 lakhs and total equity of Rs 1,44,144.50 lakhs (negative). The statutory auditor M/s ARTHA & Associates has issued a 'Disclaimer of Conclusion' (not a qualified opinion) citing 18 significant matters including inability to verify assets, liabilities, revenue recognition, and ongoing CIRP constraints. Key concerns include Rs 900 lakhs revenue recognized without a signed contract with Ascendas Panvel FTWZ Limited, Rs 1,03,850 lakhs in invoked corporate guarantees, and mass employee attrition (50 of 71 employees resigned in July-August 2024).
This is a highly distressed result filing with extreme uncertainty. The disclaimer of conclusion means investors cannot rely on the financial statements. The company is under CIRP with negative equity, significant contingent liabilities from corporate guarantees to subsidiaries under CIRP, and critical operational disruptions. Shareholders face extreme risk as the outcome depends entirely on the resolution plan approval by NCLT.