Arshiya Limited Appoints Secretarial Auditor for FY 2023-24 and FY 2024-25
Arshiya Limited has appointed Mr. Loveneet Handa as Secretarial Auditor for FY 2023-24 and FY 2024-25, as announced on February 25, 2026. The appointment was made by Resolution Professional Mr. Pankaj Mahajan under CIRP proceedings. Mr. Handa, with over 14 years of experience and FCS Membership No. 9055, is Proprietor of M/s. Loveneet Handa & Associates. The appointment ensures statutory compliance during the insolvency process and will be presented to the Committee of Creditors for ratification.
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Arshiya Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the appointment of a new Secretarial Auditor for the upcoming financial years. The company disclosed this development through a regulatory filing dated February 25, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Secretarial Auditor Appointment Details
The company's Resolution Professional, Mr. Pankaj Mahajan, has appointed Mr. Loveneet Handa as the Secretarial Auditor for both FY 2023-24 and FY 2024-25. The appointment was made to ensure compliance with applicable statutory requirements during the CIRP period.
| Parameter: | Details |
|---|---|
| Auditor Name: | Mr. Loveneet Handa |
| FCS Membership No.: | 9055 |
| COP No.: | 10753 |
| Firm: | M/s. Loveneet Handa & Associates |
| Peer Review Certificate No.: | 5316/2023 |
| Appointment Date: | February 25, 2026 |
| Term: | FY 2023-24 and FY 2024-25 |
Professional Background
Mr. Loveneet Handa brings extensive experience to his new role as Secretarial Auditor. He is a Fellow Company Secretary (FCS), Insolvency Professional (IBBI), LL.B., and M.Com., with over 14 years of professional experience in secretarial, legal, insolvency, and regulatory matters.
As the Founder Proprietor of Loveneet Handa & Associates, a multidisciplinary professional firm, he has developed expertise in:
- Corporate insolvency resolution and liquidation
- Corporate and secretarial compliances
- Intellectual Property Rights (IPR)
- FEMA and RBI laws
- Taxation and regulatory liaising
Regulatory Compliance and Approval Process
The appointment and remuneration have been approved by the Resolution Professional in exercise of the powers of the Board of Directors, which presently stand suspended under Sections 17 and 23 of the Insolvency and Bankruptcy Code, 2016.
| Compliance Aspect: | Details |
|---|---|
| Regulatory Framework: | SEBI LODR Regulation 30 |
| Legal Authority: | Insolvency and Bankruptcy Code, 2016 |
| Approving Authority: | Resolution Professional |
| Next Step: | Ratification by Committee of Creditors |
The appointment will be placed before the Committee of Creditors in the forthcoming meeting for information and ratification, as may be required. This step ensures transparency and proper governance during the CIRP process.
Company Status
Arshiya Limited is currently operating under Corporate Insolvency Resolution Process, with Mr. Pankaj Mahajan serving as the Resolution Professional. The company is registered in Maharashtra and operates from its registered office at Arshiya FTWZ, CO-1, Survey Nos. 178/3 & 178/4, At Post - Sai Village, Taluka - Panvel, District - Raigad.
