Arshiya Limited — Results, 30-05-2026: Integrated Filing- Financial

Arshiya Ltd (under CIRP) reported standalone Q3 FY26 revenue of Rs 4.50 Cr, flat YoY. Nine-month revenue grew 31% YoY to Rs 13.50 Cr. The quarterly net loss was Rs 0.06 Cr (vs. Rs 96.73 Cr loss YoY), and 9-month net loss Rs 1.21 Cr (vs. Rs 1093.58 Cr loss YoY). This profitability 'improvement' is primarily due to large prior-year exceptional items and non-recognition of interest on financial liabilities in the current period.

Auditors issued a 'Disclaimer of Conclusion' on these financials, citing an inability to verify key items such as asset impairments, financial guarantees, and revenue recognition. The company also faces severe operational disruptions, including mass employee resignations, and could not prepare consolidated results due to subsidiary CIRP constraints.

These results reflect a highly uncertain financial situation with significant unverified liabilities.