Unaudited Financial Results (Standalone) along with the Limited Review Report thereon for the Quarter ended June 30, 2025.
ARSHIYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arshiya Limited reported a small standalone profit of Rs. 36.78 lakhs for Q1 FY26 (vs loss of Rs. 88.15 lakhs in Q4 FY25 and Rs. 99,759.94 lakhs in Q1 FY25). Revenue from operations was Rs. 450 lakhs. However, the statutory auditor ARTHA & Associates issued a DISCLAIMER of conclusion - the most severe auditor response - citing 18 separate areas where sufficient appropriate evidence could not be obtained. Key issues include: Rs. 1,03,850 lakhs in corporate guarantees not recognized as liabilities, Rs. 450 lakhs revenue recognized without an executed contract or customer acceptance, mass resignation of 50 out of 71 employees between July-August 2024, sub-lease agreements terminated by Ascendas, and inability to verify assets, receivables, payables, and perform required impairment assessments. The company remains under CIRP (Corporate Insolvency Resolution Process) since April 2024, with board powers suspended and vested with Resolution Professional Pankaj Mahajan.
This is an extremely high-risk filing. The auditor disclaimer indicates fundamental reliability concerns about the entire financial statement. The company is insolvent, under CIRP, and faces operational collapse with only 9 employees remaining. Shareholders and creditors should be aware that the company cannot reliably meet obligations, and the equity value is effectively zero pending resolution plan approval.