The Financial Deep Dive (Delayed)
Arshiya Limited has officially informed exchanges about a significant delay in the submission of its Un-Audited Standalone & Consolidated Financial Results for the 3rd Quarter and nine months ended December 31, 2025. This delay is directly attributable to the company’s ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) 2016, initiated by an NCLT Mumbai order on April 23, 2024. Consequently, the powers of the Board of Directors are suspended, and Mr. Pankaj Mahajan has been appointed as the Resolution Professional (RP).
The operational landscape at Arshiya has been severely disrupted, compounding the challenges inherent in the CIRP. Logistical…