Submission of Unaudited Financial Results (Standalone) along with the Limited Review Report thereon for the Quarter and half year ended September 30, 2025.

Arshiya Limited is under Corporate Insolvency Resolution Process (CIRP) since April 23, 2024, with powers of the Board suspended and vested in Resolution Professional Pankaj Mahajan. The company posted total income of Rs. 927.57 lakhs for H1 FY26 vs Rs. 1,087.77 lakhs in H1 FY25, with a net loss of Rs. 114.37 lakhs. The auditors from M/s ARTHA & Associates have issued a Disclaimer of Conclusion (not a qualified or adverse opinion), citing 18 fundamental concerns arising from CIRP constraints. Key issues include inability to verify Rs. 56,819.04 lakh PPE and Rs. 57,538.95 lakh investments for impairment, corporate guarantees of Rs. 1,03,850 lakh not recognized as liability, Rs. 900 lakh revenue from Ascendas Panvel FTWZ raised without executed contract, non-recognition of interest on post-CIRP financial liabilities, and mass employee attrition (50 of 71 employees resigned in July-August 2024). Subsidiaries ANFTWZ and NCR Rail Infrastructure are also under CIRP, preventing consolidation. The company's equity stands deeply negative at Rs. (1,44,144.50) lakh as of September 30, 2025.