This has reference to our application submitted with Reserve Bank of India for cancellation of Certificate of Registration (CoR) dated October 08, 2025 on account of voluntary exit from ....
Awaiting price reaction for this filing.
Aar Shyam India Investment Company has received RBI approval to cancel its Certificate of Registration (CoR) as a Non-Banking Financial Company (NBFC) under Section 45-IA(6) of the RBI Act, 1934, vide RBI's letter dated January 23, 2026. The company had applied on October 8, 2025, seeking voluntary exit from the Non-Banking Financial Institution (NBFI) business, having already stopped NBFI activities effective May 15, 2025. As on July 31, 2025, financial assets were just 21.62% of total assets while financial income was 98.48% of gross income, meaning it no longer met the Principal Business Criteria for an NBFC. Going forward, the company plans to pivot into foodstuffs manufacturing, processing of agriculture/dairy/horticulture/poultry products, and engineering consultation/power distribution businesses, and must change its name and Industrial Activity Code accordingly.
This is a fundamental business model change for the small-cap company — shareholders should note the exit from financial services and the pivot into food processing and engineering, plus a 3-year cooling-off period before any NBFC re-entry is possible. Trading volumes and valuation may be affected as investors reassess the company's new direction; no monetary penalty was imposed by RBI.