Arshiya Limited reported a net loss of ₹151.15 lakh for the quarter ended September 30, 2025, compared to a net profit of ₹74.85 lakh in the corresponding period of the previous year. Total income from operations for the quarter stood at ₹450.00 lakh, while total income was ₹470.82 lakh. The unaudited standalone financial results were approved by the Resolution Professional, Mr. Pankaj Mahajan, on May 29, 2026, and published in a newspaper advertisement on June 03, 2026.

The disclosure, submitted to the National Stock Exchange of India and BSE Limited, complies with Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the half year ended September 30, 2025, the net loss was ₹114.37 lakh, with revenue from operations at ₹900.00 lakh.

Financial Performance

The unaudited financial results reflect the company's status under the Corporate Insolvency Resolution Process (CIRP). The company could not prepare the Consolidated Financial Results as certain subsidiary companies are also undergoing CIRP and have not finalized their financial statements. Consequently, the Resolution Professional was unable to consolidate their accounts due to constraints arising from the insolvency proceedings.

Auditor's Disclaimer

M/s ARTHA & Associates, Chartered Accountants, issued a Limited Review Report with a disclaimer of conclusion. The auditors stated they were unable to obtain sufficient appropriate review evidence to verify the completeness, accuracy, and validity of the underlying records and balances. Key issues cited include the non-recognition of liabilities for financial guarantees aggregating to ₹1,03,850.00 lakhs, non-assessment of impairment for Property, Plant and Equipment and investments, and revenue recognition of ₹900 lakhs without meeting Ind AS 115 criteria.

Arshiya Limited published its unaudited standalone financial results for the quarter ended June 30, 2025, in newspapers on June 03, 2026. The disclosure was made in compliance with Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were considered, approved, and taken on record by the Resolution Professional, Mr. Pankaj Mahajan, on May 29, 2026.

The company reported a net profit of ₹36.78 lakh for the quarter, a turnaround from the net loss of ₹99,759.94 lakh recorded in the corresponding period of the previous year. Total income from operations stood at ₹450.00 lakh, while total income was ₹456.75 lakh. The basic earnings per share (EPS) for the quarter was ₹0.01, compared to a loss of ₹37.86 per share in the previous year.

Arshiya Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) pursuant to an order by the National Company Law Tribunal (NCLT), Mumbai Bench, dated April 23, 2024. Consequently, the powers of the Board of Directors stand suspended and are vested with the Resolution Professional. Due to ongoing CIRP proceedings at certain subsidiary companies, the Resolution Professional was unable to consolidate their accounts, and the Consolidated Financial Results for the quarter could not be prepared.

Financial Performance Summary

M/s ARTHA & Associates, Chartered Accountants, issued a Limited Review Report with a disclaimer of conclusion. The auditors stated they were unable to obtain sufficient appropriate review evidence to verify the completeness, accuracy, and validity of the underlying records and balances. This inability stems from significant manpower constraints, limitations in the availability of records, and the suspension of the Board's powers. Key areas of uncertainty included the non-recognition of liabilities related to corporate guarantees, the non-assessment of impairment for Property, Plant and Equipment, and revenue recognition without meeting Ind AS 115 criteria.