Arshiya Limited has submitted its annual promoter disclosure to stock exchanges, confirming compliance with SEBI regulatory requirements regarding share encumbrances. The company, which is currently operating under Corporate Insolvency Resolution Process, received the mandatory annual declaration from its promoter group for the financial year ended March 31, 2026.

Regulatory Compliance Details

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Resolution Professional Pankaj Mahajan submitted the documentation to both the National Stock Exchange of India Limited and BSE Limited on April 7, 2026.

Promoter Declaration

Ajay S Mittal, acting as promoter and on behalf of all promoters and persons acting in concert, provided the annual declaration regarding share encumbrances. The promoter confirmed that no new encumbrances were created on the company's equity shares, directly or indirectly, beyond those already disclosed during the financial years 2024-2025 and 2025-2026.

Mittal, who is currently a suspended board director, submitted the declaration from his registered address at Mittal Bhavan 2, Peddar Road, Mumbai. The declaration specifically covers all promoter group entities and persons acting in concert with the promoters.

Corporate Insolvency Process

Arshiya Limited continues to operate under Corporate Insolvency Resolution Process, with Pankaj Mahajan serving as the Resolution Professional. Mahajan holds IBBI Registration No: IBBI/IPA-001/IP-P00836/2017-2018/11420, with AFA Details valid until December 31, 2026.

The company's registered office is located at Arshiya FTWZ, Survey Nos. 178/3 & 178/4, Sai Village, Panvel, Raigad. The annual disclosure represents part of the ongoing regulatory compliance requirements during the insolvency resolution process.

Stock Exchange Notification

Both major stock exchanges received the disclosure documentation. The company trades on NSE under the scrip symbol ARSHIYA and on BSE under scrip code 506074. The ISIN for the company's equity shares is INE968D01022.

The submission ensures continued compliance with SEBI regulations regarding substantial acquisition and takeover norms, maintaining transparency for investors and regulatory authorities during the ongoing insolvency proceedings.

Arshiya Limited has released detailed e-voting results and scrutinizer reports for both its 43rd and 44th Annual General Meetings held on March 27, 2026, demonstrating strong shareholder support across all resolutions while operating under the Corporate Insolvency Resolution Process (CIRP).

Corporate Insolvency Resolution Process Status

Arshiya Limited has been operating under CIRP since April 23, 2024, following an order from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The company's affairs, business, and assets are currently managed by Resolution Professional Pankaj Mahajan, who was appointed by the Committee of Creditors.

Under Section 17 of the Insolvency and Bankruptcy Code 2016, the powers of the Board of Directors stand suspended and are vested with the Resolution Professional.

43rd AGM E-Voting Results and Shareholder Participation

The 43rd AGM for financial year 2023-2024 was conducted on March 27, 2026, at 12:30 P.M. through video conferencing. The meeting recorded significant shareholder participation with comprehensive voting results across three agenda items.

All three resolutions received overwhelming support from shareholders, with 1,476,355 votes in favor and only 3,551 votes against across the agenda items.

Resolution-wise Voting Results for 43rd AGM

44th AGM E-Voting Results and Secretarial Auditor Appointment

The 44th AGM for financial year 2024-2025 was held on the same day at 03:00 P.M., featuring four agenda items including the crucial appointment of secretarial auditors. The meeting showed increased participation with 1,579,889 total votes polled.

Key Resolution: Secretarial Auditor Appointment

The appointment of M/s Loveneet Handa and Associates as Secretarial Auditors received strong approval with 1,576,343 votes in favor and 3,546 votes against, representing a 99.78% approval rate.

Scrutinizer Report and Regulatory Compliance

Loveneet Handa and Associates, serving as the appointed scrutinizer, issued comprehensive reports for both AGMs. The scrutinizer confirmed that all resolutions were passed with requisite majority and proper compliance with regulatory requirements.

The company provided remote e-voting facilities through National Securities Depository Limited (NSDL) and ensured compliance with Section 108 of the Companies Act, 2013, and SEBI Listing Regulations. All voting results were communicated to both NSE and BSE within the prescribed timelines, demonstrating the company's commitment to regulatory compliance despite operating under CIRP.