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Latest filing: 2026-06-17 15:59
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32 announcements match the current filters (relevance ≥ 5).
Arshiya Ltd Reports ₹1,094 Cr Net Loss for FY25 Amid Audit Disclaimer and CIRP
Arshiya Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), reported a massive net loss of ₹1,094.46 crore for FY25, leading to a negative net worth of ₹1,440.30 crore. The statutory auditors have issued a 'Disclaimer of Opinion' because the suspended directors refused to sign the financial statements, citing disputes over a ₹1,200.04 lakh receivable. Furthermore, the auditors flagged questionable revenue recognition of ₹1,497.19 lakhs without an executed contract and unresolved inter-company loan write-offs. The company's total liabilities now stand at ₹2,884 crore, significantly exceeding its assets.
Key Highlights
Reported a net loss of ₹1,094.46 crore for FY25 with a total turnover of only ₹14.95 crore.
Net worth has completely eroded to negative ₹1,440.30 crore as of March 31, 2025.
Auditors issued a disclaimer of opinion as suspended directors refused to sign financials, questioning a ₹1,200.04 lakh receivable.
Identified ₹1,497.19 lakhs in revenue recognized without a valid contract or customer acceptance.
Company remains under CIRP following an NCLT order dated April 23, 2024, initiated by Punjab National Bank.
👀 What to Watch
Investors should be extremely wary as the company is in insolvency and the financial statements are deemed unreliable by auditors. The massive negative net worth and ongoing legal disputes between the Resolution Professional and erstwhile management indicate a very high risk of total equity wipe-out.
Arshiya Limited Conducts 16th CoC Meeting; Discusses Interim Finance and CIRP Costs
Arshiya Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 16th Committee of Creditors (CoC) meeting on June 3, 2026. The meeting focused on the approval of CIRP costs and the critical need to raise interim finance or corpus funding to sustain the ongoing insolvency process. The Resolution Professional also provided updates on the status of creditor claims and various legal and operational matters. This process is vital for determining the eventual resolution or liquidation of the company.
Key Highlights
The 16th Meeting of the Committee of Creditors (CoC) was held on June 3, 2026, via video conferencing.
Discussions were held regarding the approval of CIRP costs incurred and projected for the Corporate Debtor.
The CoC appraised the proposal for raising interim finance/corpus funding to meet ongoing CIRP requirements.
The Resolution Professional provided an updated status on claims received and the list of creditors.
👀 What to Watch
Equity investors should exercise extreme caution as the CIRP process usually results in significant value erosion or delisting for existing shareholders. Monitor the progress of the resolution plan to understand the potential recovery for different classes of stakeholders.
Arshiya Limited to Hold 16th Committee of Creditors Meeting on June 3, 2026
Arshiya Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has scheduled its 16th Committee of Creditors (CoC) meeting for June 3, 2026. This meeting is a critical part of the insolvency proceedings aimed at resolving the company's outstanding debts. The company is currently managed by a Resolution Professional, Pankaj Mahajan, as per the Insolvency and Bankruptcy Code. Investors should track these meetings as they determine the viability of any resolution plan or potential liquidation.
Key Highlights
16th meeting of the Committee of Creditors (CoC) scheduled for June 3, 2026.
Company is currently under Corporate Insolvency Resolution Process (CIRP).
Notice issued by Resolution Professional Pankaj Mahajan (Registration No: IBBI/IPA-001/IP-P00836/2017-2018/11420).
Compliance with Regulation 30 and Clause 16(g) of Para A of Part A of Schedule III of SEBI (LODR) Regulations.
👀 What to Watch
Investors should closely monitor the outcomes of CoC meetings for updates on the resolution plan. Given the insolvency status, the stock remains high-risk and subject to significant volatility or potential delisting depending on the resolution outcome.
Arshiya Ltd Reports Delayed Q1 FY26 Results Under CIRP; Auditor Issues Disclaimer of Conclusion
Arshiya Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended June 30, 2025, nearly a year behind schedule. The statutory auditor has issued a 'Disclaimer of Conclusion,' stating they were unable to verify the accuracy of the records due to significant manpower constraints and reliance on external accounting teams. The company failed to recognize financial guarantee liabilities of ₹1,03,850 lakhs and did not perform impairment testing on assets worth ₹56,971.87 lakhs. Furthermore, the auditor flagged ₹450 lakhs in revenue recognized without a valid contract, indicating potential overstatement of financial performance.
Key Highlights
Company is under CIRP with powers of the Board suspended and vested in Resolution Professional Pankaj Mahajan.
Auditor issued a Disclaimer of Conclusion, citing inability to obtain sufficient evidence for the financial statements.
Non-recognition of financial guarantee liabilities totaling ₹1,03,850 lakhs despite defaults by subsidiary companies.
Lack of impairment assessment for Property, Plant and Equipment (PPE) with a gross block of ₹56,971.87 lakhs.
Questionable revenue recognition of ₹450 lakhs for the quarter from a party without an executed contract or customer acceptance.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency proceedings and the auditor has explicitly stated they cannot vouch for the accuracy of the financial data. The stock remains highly speculative with significant risks regarding asset valuation and unrecorded liabilities.
Arshiya Ltd Reports Delayed Q1 FY26 Results; Auditor Issues Disclaimer of Conclusion
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended June 30, 2025, with a significant delay. The statutory auditor, M/s ARTHA & Associates, issued a 'Disclaimer of Conclusion,' stating they were unable to obtain sufficient evidence to verify the accuracy of the records. Key financial concerns include the non-recognition of invoked corporate guarantees worth ₹1,038.50 crore and questionable revenue recognition of ₹4.50 crore without a formal contract.
Key Highlights
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP) with powers vested in a Resolution Professional.
Auditor issued a Disclaimer of Conclusion due to significant manpower constraints and inability to verify financial records.
Invoked corporate guarantees totaling ₹1,038.50 crore were not recognized as financial liabilities in the books.
Revenue of ₹4.50 crore was recognized from Ascendas Panvel FTWZ Limited despite the absence of an executed contract or customer acceptance.
Consolidated financial results were not prepared as several subsidiaries are also undergoing insolvency proceedings.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and the auditor has explicitly stated they cannot verify the financial statements. The stock is highly speculative and subject to the final outcome of the NCLT resolution process.
Arshiya Ltd Reports Delayed Q2 FY26 Standalone Results; Auditors Issue Disclaimer of Conclusion
Arshiya Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has submitted its standalone financial results for the quarter ended September 30, 2025, with a significant delay. The statutory auditors have issued a Disclaimer of Conclusion, stating they were unable to obtain sufficient evidence to verify the accuracy of the records. Major concerns include the non-recognition of corporate guarantee liabilities worth Rs. 1,03,850 lakhs and the recognition of Rs. 900 lakhs in revenue without an executed contract. Additionally, consolidated results were not prepared due to insolvency proceedings at the subsidiary level.
Key Highlights
Statutory auditors issued a Disclaimer of Conclusion due to lack of verifiable records and manpower constraints under CIRP.
Corporate guarantees totaling Rs. 1,03,850 lakhs for defaulting subsidiaries were not recognized as financial liabilities.
Revenue of Rs. 900 lakhs was recognized without a formal contract or customer acceptance, potentially overstating income.
No impairment testing was conducted for Property, Plant and Equipment with a gross block of Rs. 56,819.04 lakhs.
Consolidated financial results were not prepared as several subsidiaries are also undergoing insolvency proceedings.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and the financial statements are deemed unreliable by auditors. The equity value remains highly at risk depending on the final outcome of the Resolution Plan under the NCLT.
Arshiya Ltd Reports Delayed Q2 FY26 Standalone Results; Auditors Issue Disclaimer of Conclusion
Arshiya Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended September 30, 2025, with a significant delay. The statutory auditors have issued a 'Disclaimer of Conclusion,' stating they were unable to obtain sufficient evidence to verify the accuracy of the financial records. Major concerns include the non-recognition of corporate guarantee liabilities worth ₹1,038.50 crore and potential overstatement of revenue. No consolidated results were prepared as several subsidiaries are also undergoing insolvency proceedings.
Key Highlights
Company is under CIRP since April 2024, with all powers vested in Resolution Professional Pankaj Mahajan.
Auditors issued a Disclaimer of Conclusion due to significant limitations in records and manpower constraints.
Failed to recognize financial guarantee liabilities of ₹1,038.50 crore despite defaults and invocations by lenders.
Revenue of ₹9 crore for the half-year was recognized without an executed contract or customer acceptance.
No impairment testing was conducted for Property, Plant & Equipment (₹568.19 crore) and Inventory (₹165.06 crore).
👀 What to Watch
Investors should remain extremely cautious as the auditor's disclaimer indicates that the financial statements may not be reliable. The ongoing insolvency process and massive unrecognized liabilities pose a high risk of total equity erosion.
Arshiya Ltd Q1 FY26 Standalone Results: Auditor Issues Disclaimer of Conclusion Amid CIRP
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), reported standalone results for Q1 FY26 with a severe 'Disclaimer of Conclusion' from auditors. The company failed to provide consolidated results as major subsidiaries are also in insolvency. Critical issues include the non-recognition of ₹1,03,850 lakhs in corporate guarantee liabilities and potential revenue misstatement of ₹450 lakhs. Additionally, no impairment testing was conducted for assets with a gross block of ₹56,971.87 lakhs, casting doubt on the carrying value of the company's assets.
Key Highlights
Auditor issued a Disclaimer of Conclusion citing inability to verify completeness and accuracy of records due to CIRP.
Company failed to recognize financial liabilities for invoked corporate guarantees totaling ₹1,03,850 lakhs.
Revenue of ₹450 lakhs recognized for the quarter without an executed contract or evidence of customer acceptance.
No impairment assessment performed on Property, Plant and Equipment (gross block ₹56,971.87 lakhs) and Inventories (₹16,505.97 lakhs).
Consolidated financial results were not prepared due to CIRP constraints at the subsidiary level.
👀 What to Watch
Investors should remain extremely cautious as the company is undergoing insolvency proceedings and the auditor has questioned the reliability of the financial statements. There is a high risk of significant equity erosion or total loss depending on the outcome of the NCLT resolution plan.
Arshiya Ltd Q1 FY26 Results: Auditor Issues Disclaimer Amid Ongoing Insolvency Process
Arshiya Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended June 30, 2025. The statutory auditor issued a 'Disclaimer of Conclusion,' stating they were unable to verify the accuracy of the records due to significant manpower constraints and limitations in data availability. Furthermore, the company failed to provide consolidated results as its subsidiaries are also undergoing insolvency proceedings. The auditor highlighted potential revenue overstatements and unrecorded liabilities exceeding ₹1,000 crore.
Key Highlights
Powers of the Board remain suspended with the company managed by Resolution Professional Pankaj Mahajan.
Auditor issued a Disclaimer of Conclusion citing inability to obtain sufficient evidence for financial verification.
Corporate guarantees totaling ₹1,03,850 lakhs (₹1,038.5 crore) were not recognized as financial liabilities despite defaults.
Revenue of ₹450 lakhs for the quarter was recognized without an executed contract or evidence of customer acceptance.
Consolidated financial results were not prepared due to CIRP constraints at various subsidiary levels.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and the financial statements are deemed unreliable by auditors. The massive unrecorded liabilities and lack of consolidated data make the stock highly speculative and risky.
Arshiya Ltd Delays FY26 Financial Results Due to CIRP and 70% Employee Attrition
Arshiya Limited has informed exchanges of its inability to submit audited financial results for the quarter and year ended March 31, 2026. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) initiated in April 2024, with its Board of Directors suspended. A critical factor in the delay is the resignation of 50 out of 71 employees (approximately 70% of staff) in mid-2024, which severely disrupted accounting and data handover. Additionally, the insolvency of its subsidiary, Arshiya Northern FTWZ Limited, has created significant hurdles in consolidating financial statements.
Key Highlights
Company failed to submit Audited Standalone and Consolidated Financial Results for FY ended March 31, 2026.
Mass resignation of 50 out of 71 employees occurred between July 30 and August 2, 2024, without formal handovers.
The company has been under Corporate Insolvency Resolution Process (CIRP) since the NCLT order dated April 23, 2024.
Consolidation is delayed due to the ongoing CIRP of its subsidiary, Arshiya Northern FTWZ Limited (ANFL).
Resolution Professional Pankaj Mahajan is currently attempting to gather data to finalize the statements.
👀 What to Watch
Investors should remain extremely cautious as the company is in insolvency and lacks basic financial transparency. The massive staff attrition and delayed reporting indicate severe operational instability, making the recovery of equity value highly uncertain.
Arshiya Ltd Reports FY25 Results Under CIRP; Auditor Issues Disclaimer of Opinion
Arshiya Limited has released its standalone financial results for FY25 while undergoing the Corporate Insolvency Resolution Process (CIRP). The statutory auditors have issued a 'Disclaimer of Opinion,' stating they were unable to obtain sufficient evidence to verify the accounts due to significant limitations. Key concerns include the recognition of ₹1,497.19 lakhs in revenue without a formal contract and a disagreement with suspended directors over a ₹1,200.04 lakh receivable. Furthermore, the company failed to prepare consolidated results as its subsidiaries are also facing insolvency proceedings.
Key Highlights
Statutory auditors issued a Disclaimer of Opinion, citing inability to verify the accuracy of the financial statements.
Company recognized ₹1,497.19 lakhs in revenue from Ascendas Panvel FTWZ without an executed contract or customer acceptance.
Suspended directors refused to sign the financial statements, with one director specifically disputing a ₹1,200.04 lakh receivable.
Consolidated financial results were not prepared because key subsidiaries are also undergoing CIRP and have not finalized their accounts.
The company stopped accruing interest on financial liabilities during the CIRP period, which may lead to understated losses.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and its financial data is deemed unreliable by auditors. The ongoing CIRP and lack of consolidated transparency make the stock highly speculative and risky.
Arshiya Ltd Q1 FY25 Results: Auditor Issues Disclaimer Amid CIRP and ₹1,038 Cr Guarantee Risk
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), reported its delayed Q1 FY25 standalone results with a severe 'Disclaimer of Conclusion' from auditors. The auditors highlighted unverified financial guarantees of ₹1,038.5 crore and doubtful recoverability of ₹575.4 crore in subsidiary investments. The company faced a massive human resource crisis with 70% of staff resigning, alongside the termination of critical sub-lease agreements. Consolidated financials were omitted due to similar insolvency proceedings at the subsidiary level.
Key Highlights
Statutory auditors issued a Disclaimer of Conclusion citing inability to verify financial guarantees of ₹1,03,850 lakhs.
Recoverability of ₹57,538.95 lakhs in investments and loans to subsidiary Arshiya Northern FTWZ is highly uncertain.
Severe operational disruption reported after 50 out of 71 employees resigned in mid-2024, including key accounting personnel.
Company received termination notices for key sub-lease and business conducting agreements from Ascendas Panvel FTWZ.
Consolidated financial results were not prepared as major subsidiaries are also undergoing insolvency proceedings.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and the auditor's disclaimer suggests financial statements may not be reliable. The risk of total equity wipe-out is high during the Corporate Insolvency Resolution Process.
Arshiya Ltd Q3 FY25 Standalone Results: Auditors Issue Disclaimer Amid CIRP and ₹1,038 Cr Liability
Arshiya Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended December 31, 2024, with a significant delay. The statutory auditors have issued a 'Disclaimer of Conclusion,' stating they were unable to obtain sufficient evidence to form an opinion on the financial statements. Key concerns include the non-recognition of financial guarantee liabilities totaling ₹1,03,850 lakhs and the failure to conduct impairment testing on assets worth over ₹57,272 lakhs. Consolidated results were not provided as major subsidiaries are also undergoing insolvency proceedings.
Key Highlights
Statutory auditors issued a Disclaimer of Conclusion due to significant uncertainties and lack of data.
Company failed to recognize or fair-value financial guarantees worth ₹1,03,850 lakhs given to defaulting subsidiaries.
No impairment testing performed for Property, Plant, and Equipment (PPE) valued at ₹57,272.33 lakhs.
Recoverability of ₹57,538.95 lakhs in investments and loans to subsidiary Arshiya Northern FTWZ is highly uncertain.
Consolidated financial results were not prepared due to CIRP-related constraints at the subsidiary level.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and the auditors cannot verify the accuracy of the financial statements. The potential for massive unrecorded liabilities and asset write-downs indicates a very high risk of total capital loss.
Arshiya Ltd Reports Q3 FY25 Standalone Results; Auditors Issue Disclaimer of Conclusion
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended December 31, 2024. The statutory auditors have issued a 'Disclaimer of Conclusion,' stating they cannot form an opinion due to significant accounting gaps and uncertainties. Key issues include the non-recognition of financial guarantee liabilities worth Rs. 1,03,850 lakhs and the lack of impairment testing for assets totaling over Rs. 57,272 lakhs. Furthermore, consolidated results were not prepared as major subsidiaries are also undergoing insolvency proceedings.
Key Highlights
Auditors issued a Disclaimer of Conclusion citing inability to obtain sufficient appropriate review evidence.
Company failed to recognize liabilities for corporate guarantees totaling Rs. 1,03,850 lakhs given to defaulting subsidiaries.
No impairment assessment was conducted for Property, Plant and Equipment (PPE) with a gross block of Rs. 57,272.33 lakhs.
Recoverability of Rs. 57,538.95 lakhs in investments and loans to subsidiary Arshiya Northern FTWZ is highly uncertain.
Consolidated financial results were not submitted due to CIRP-related constraints at the subsidiary level.
👀 What to Watch
Investors should remain extremely cautious as the auditor's disclaimer indicates that the financial statements may not reflect the company's true financial position. The ongoing insolvency process and massive unaddressed liabilities pose a high risk of total capital loss for equity shareholders.
Arshiya Ltd Reports Q2 FY25 Results Amid CIRP; Auditors Issue Disclaimer of Conclusion
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended September 30, 2024, with its statutory auditors issuing a 'Disclaimer of Conclusion.' The company is facing severe operational distress, including the resignation of 50 out of 71 employees in mid-2024 and the termination of key warehouse sub-lease agreements due to defaults. Financial transparency is severely compromised as the company failed to recognize corporate guarantee liabilities of Rs. 1,03,850 lakhs and did not conduct impairment tests on assets worth over Rs. 57,425 lakhs. Consolidated results were not prepared as several subsidiaries are also undergoing insolvency proceedings.
Key Highlights
Statutory auditors issued a Disclaimer of Conclusion, stating they cannot form an opinion on the financial accuracy due to missing data and internal control failures.
Company failed to account for corporate guarantee liabilities totaling Rs. 1,03,850 lakhs despite defaults and invocations by lenders.
Reported a massive human resource crisis where 50 out of 71 employees resigned within a four-day window in mid-2024, disrupting all operational continuity.
Property, Plant and Equipment (PPE) worth Rs. 57,425.07 lakhs and inventory of Rs. 16,505.97 lakhs have not been assessed for impairment despite clear indicators of value loss.
Sub-lease and business conducting agreements for Warehouses 01 through 07 were terminated by landlords following events of default.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency (CIRP) and the auditors have explicitly stated they cannot verify the financial statements. The risk of total equity wipe-out is high given the operational collapse and massive unrecorded liabilities.
Arshiya Ltd Reports Q2 FY25 Results Amid CIRP; Auditors Issue Disclaimer of Conclusion
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has released its standalone financial results for the quarter ended September 30, 2024. The statutory auditors have issued a 'Disclaimer of Conclusion,' stating they cannot verify the accuracy of the financial statements due to multiple factors, including non-assessment of impairment for assets worth over Rs. 57,425 lakhs. The company is facing severe operational distress, highlighted by the mass resignation of 70% of its workforce and the termination of key warehouse sub-lease agreements due to defaults.
Key Highlights
Company is under CIRP with management powers vested in a Resolution Professional; consolidated results were not prepared.
Auditors issued a disclaimer citing non-assessment of impairment for PPE (Rs. 57,425.07 lakhs) and inventory (Rs. 16,505.97 lakhs).
Corporate guarantees worth Rs. 1,03,850 lakhs given to subsidiaries have been invoked or are in default.
Massive operational disruption reported as 50 out of 71 employees resigned in a single week in mid-2024.
Termination notices received for sub-lease agreements of Warehouses 01 through 07 citing 'Events of Default'.
👀 What to Watch
Investors should be extremely wary as the company is in insolvency and the auditors have explicitly stated they cannot form a conclusion on the financial health. There is a high risk of significant equity erosion or total loss depending on the outcome of the CIRP.
Arshiya Ltd Q1 FY25 Results: Auditors Issue Disclaimer Amid CIRP and ₹1,038 Cr Guarantee Issue
Arshiya Limited, currently under the Corporate Insolvency Resolution Process (CIRP), has reported its standalone financial results for the quarter ended June 30, 2024, with a significant delay. The statutory auditors have issued a 'Disclaimer of Conclusion,' citing an inability to verify the books due to mass employee resignations and missing documentation. Key concerns include the non-recognition of corporate guarantees worth ₹1,038.5 crore and the lack of impairment testing for assets worth over ₹575 crore. The company is facing severe operational disruptions, including the termination of key sub-lease agreements and a loss of 70% of its workforce.
Key Highlights
Company is under CIRP since April 2024 with powers vested in Resolution Professional Pankaj Mahajan.
Auditors flagged non-recognition of financial guarantee liabilities totaling ₹1,03,850 lakhs (₹1,038.5 crore).
Property, Plant & Equipment of ₹575.78 crore and inventory of ₹165.06 crore have not been assessed for impairment.
Severe operational crisis reported as 50 out of 71 employees resigned in mid-2024, leading to a breakdown in internal controls.
Recoverability of ₹575.39 crore in loans and investments to subsidiary ANFTWZ is uncertain as the subsidiary is also under CIRP.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and the auditors cannot vouch for the accuracy of the financial statements. There is a high risk of significant equity erosion or total wipe-out depending on the outcome of the CIRP process.
Arshiya Ltd Q1 FY25 Standalone Results: Auditors Issue Disclaimer Amid CIRP and Mass Resignations
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has reported its standalone Q1 FY25 results with a significant auditor disclaimer. The auditors were unable to verify financial guarantee liabilities of Rs. 1,03,850 lakhs and the recoverability of investments/loans worth Rs. 57,538.95 lakhs. The company also reported a severe operational crisis following the resignation of 50 out of 71 employees in mid-2024. Consolidated results were not provided as major subsidiaries are also undergoing insolvency proceedings.
Key Highlights
Company is under CIRP since April 2024 with management powers vested in a Resolution Professional.
Auditors issued a disclaimer of conclusion due to non-recognition of Rs. 1,03,850 lakhs in financial guarantee liabilities.
Uncertainty regarding impairment of Property, Plant and Equipment (Rs. 57,577.91 lakhs) and Inventory (Rs. 16,505.97 lakhs).
Severe operational disruption noted after 70% of the workforce (50 employees) resigned between July and August 2024.
Recoverability of Rs. 57,538.95 lakhs in loans and investments to subsidiary ANFTWZ remains highly uncertain.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency proceedings and the financial data is unreliable. There is a high risk of significant equity erosion or total loss depending on the final resolution plan.
Arshiya Ltd Admitted Claims Total ₹6,652 Crore Under Insolvency Process
Arshiya Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has disclosed its updated list of creditors as of February 5, 2026. The Resolution Professional has admitted total claims worth ₹66,520.44 million (approx ₹6,652 crore) out of ₹67,143.67 million claimed. Secured financial creditors represent ₹3,543 crore of the debt, while unsecured financial creditors account for ₹3,084 crore. This update is a critical step in the insolvency process to determine the voting power within the Committee of Creditors (CoC).
Key Highlights
Total admitted claims by the Resolution Professional stand at ₹66,520.44 million (~₹6,652 crore).
Secured financial creditors' admitted claims total ₹35,431.86 million, with Edelweiss ARC holding the largest share at ₹2,785 crore.
Unsecured financial creditors' admitted claims amount to ₹30,845.22 million, including ₹2,449 crore from Edelweiss ARC.
Edelweiss Asset Reconstruction Company is the dominant creditor with a combined voting share of approximately 79% across categories.
Government dues worth ₹111.21 million have been admitted against a total claim of ₹464.44 million.
👀 What to Watch
Equity shareholders should exercise extreme caution as insolvency proceedings typically result in significant equity dilution or a total wipeout of shareholder value. Avoid fresh investments and monitor NCLT updates for any potential resolution plan.
Arshiya Ltd Reports Non-Compliance with SEBI Insider Trading SDD Regulations for FY26
Arshiya Limited, currently under Corporate Insolvency Resolution Process (CIRP), has failed to maintain a Structured Digital Database (SDD) as mandated by SEBI PIT Regulations for the quarter and year ended March 31, 2026. The compliance certificate issued by the Practicing Company Secretary highlights that no system exists to track Unpublished Price Sensitive Information (UPSI). Specifically, five UPSI events from the previous quarter and one from the current quarter were not recorded. This lack of compliance persists despite previous recommendations from the secretarial firm to implement the necessary software.
Key Highlights
Company failed to maintain a Structured Digital Database (SDD) for the quarter and FY ended March 31, 2026
Five UPSI events from the previous quarter and one event from the current quarter were not captured in any database
No control mechanism, audit trail, or non-tamperable records exist for sensitive information access
The company has been under Corporate Insolvency Resolution Process (CIRP) since April 23, 2024
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency and failing basic SEBI regulatory compliances. The lack of an SDD increases the risk of information leakage and potential regulatory penalties from SEBI.
