Arshiya Ltd Delays Q2 FY27 Financial Results Due to CIRP
Arshiya Ltd has announced a delay in submitting its Un-Audited Standalone & Consolidated Financial Results for the Quarter and half year ended September 30, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016, with Mr. Pankaj Mahajan appointed as the Resolution Professional. Significant logistical challenges following the relocation of its registered office and a sudden resignation of 50 out of 71 employees have further impacted operations. The Resolution Professional is actively gathering financial information and supporting documentation, including data from subsidiaries, to ensure accurate and compliant financial statement preparation. The company aims to submit the results as soon as possible.
Key Highlights
- Company is undergoing Corporate Insolvency Resolution Process (CIRP).
- Significant employee attrition and office relocation caused operational disruption.
- Resolution Professional is facing challenges in data collection from subsidiaries.
- Financial results for Q2 FY27 will be delayed due to these ongoing issues.
Price Impact
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