Announcement • Mar 05
Arshiya Limited, Annual General Meeting, Mar 27, 2026 Arshiya Limited, Annual General Meeting, Mar 27, 2026, at 12:30 Indian Standard Time. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. Non-Executive Independent Women Director Priya Kenkare was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2024 fiscal period end). Market cap is less than US$10m (₹487.4m market cap, or US$5.50m). Minor Risks Negative equity (-₹32b). Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$10m (₹532.2m market cap, or US$6.02m). Minor Risks Negative equity (-₹32b). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹853.7m market cap, or US$9.88m). Minor Risks Negative equity (-₹32b). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Jan 29
Adani & JSW Among Big Names Reportedly Lining Up for Arshiya A diverse group of companies including Adani Ports and Special Economic Zone Limited (NSEI:ADANIPORTS), JSW Infrastructure Limited (NSEI:JSWINFRA), Embassy Industrial Parks Private Limited (Horizon Industrial Parks) and Transindia Real Estate Limited (NSEI:TREL) have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Limited (BSE:506074), which is undergoing a corporate insolvency resolution process. Investors such as Authum Investment & Infrastructure Limited (BSE:539177), Dickey Alternative Investment Trust and Finquest Financial Solutions Private Limited have also evinced interest in the company, said a person aware of the development. The company’s resolution professional Pankaj Mahajan declined to comment, citing confidentiality due to the ongoing corporate insolvency resolution process. Emailed queries to Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate remained answered until press time. Authum Investment & Infrastructure Ltd, Dickey Alternative Investment Trust and Finquest Financial Solutions Pvt Ltd. did not respond to ET’s query either. Announcement • Aug 22
Arshiya Limited Announces Resignation of Ajit Dabholkar, Company Secretary and Compliance Officer Arshiya Limited announced that Mr. Ajit Dabholkar, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company vide his letter dated 1st August, 2024 and will be relieved from the services of the Company with effect from close of business hour on 1st August 2024 and the same was approved/accepted in the 1st Committee of Creditors (CoC) held on 8 August 2024 and e-voting results were received on 17st August 2024. Mr. Ajit Dabholkar, has resigned from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the
Company due to personal reasons vide his letter dated 1st August 2024. Announcement • May 27
Arshiya Limited to Report Q4, 2024 Results on May 30, 2024 Arshiya Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • Apr 20
Arshiya Limited Announces Tenure Expire of Archana A Mittal, Joint Managing Director Arshiya Limited at its board meeting held on April 19, 2024, noted that the tenure of Mrs. Archana A Mittal, Joint Managing Director of the Company, expired from the close of working hours on 19th April 2024. Announcement • Feb 08
Arshiya Limited to Report Q3, 2024 Results on Feb 14, 2024 Arshiya Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Nov 03
Arshiya Limited to Report Q2, 2024 Results on Nov 09, 2023 Arshiya Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 09, 2023 Announcement • Aug 15
Arshiya Limited, Annual General Meeting, Sep 29, 2023 Arshiya Limited, Annual General Meeting, Sep 29, 2023, at 15:00 Indian Standard Time. Announcement • Aug 04
Arshiya Limited to Report Q1, 2024 Results on Aug 14, 2023 Arshiya Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 14, 2023 Announcement • Jul 08
Arshiya Limited Announces Alleged Default Notice by One of the Financial Creditors of the Company Arshiya Limited inform that one of the financial creditors of the Company has filed an application under section 7 of the IBC Code, 2016 claiming alleged default amount of INR 215.5 million including outstanding principal loan amount of INR 96.6 million. The Company will initiate necessary steps to defend the aforesaid proceedings. Reported Earnings • Jun 04
Full year 2023 earnings released: ₹5.97 loss per share (vs ₹16.44 profit in FY 2022) Full year 2023 results: ₹5.97 loss per share (down from ₹16.44 profit in FY 2022). Revenue: ₹1.62b (up 8.0% from FY 2022). Net loss: ₹1.57b (down 136% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • May 19
Arshiya Limited to Report Q4, 2023 Results on May 30, 2023 Arshiya Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹1.93 loss per share (vs ₹2.37 loss in 3Q 2022) Third quarter 2023 results: ₹1.93 loss per share (improved from ₹2.37 loss in 3Q 2022). Revenue: ₹390.9m (up 5.9% from 3Q 2022). Net loss: ₹508.6m (loss narrowed 18% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Arshiya Limited Appoints Ajit Dabholkar as Whole Time Company Secretary Arshiya Limited at its board meeting held on February 14, 2023 has approved appointment of Mr. Ajit Dabholkar as Whole time Company Secretary, Key Managerial Personnel as per provisions of the Companies Act, 2013 and Compliance officer of the Company in accordance with provisions of the SEBI, considering the recommendations of its Nomination and Remuneration Committee. Mr. Dabholkar is a Fellow Member of Institute of Company Secretaries of the Company (ICSI) and as such has requisite qualifications to hold the positions. Announcement • Dec 31
Arshiya Limited Announces Resignation of Kunjal Parekh as Company Secretary and Compliance Officer, Effective December 31, 2022 Arshiya Limited announced the resignation of Ms. Kunjal Parekh as Company Secretary and Compliance Officer effective from December 31, 2022. Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹2.47 loss per share (vs ₹4.10 loss in 2Q 2022) Second quarter 2023 results: ₹2.47 loss per share (improved from ₹4.10 loss in 2Q 2022). Revenue: ₹397.5m (up 3.3% from 2Q 2022). Net loss: ₹647.2m (loss narrowed 40% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Rishabh Shah was the last director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 15
Arshiya Limited Appoints Kunjal Parekh as Whole Time Company Secretary Arshiya Limited Board of Directors have approved the appointment of Ms. Kunjal Parekh as Whole time Company Secretary, KMP and Compliance officer of the company. Based on the recommendations of Nomination and Remuneration Committee meeting held on November 14, 2022, Ms. Kunjal Parekh is a member of Institute of Company Secretaries of the company and having ACS No. 46178 and requisite qualification to hold position of the Whole time Company Secretary, KMP and Compliance officer of the company, Kunjal Parekh is an Associate Company Secretary of the Institute of Company Secretaries of India. She has worked as Company Secretary and Compliance Officer and looks after matters related to secretarial and other compliance areas. She has previously worked with Atmosphere Realty Private Limited and Man Infraconstruction Limited Group and M/s Rathi Associates, Practicing Company Secretaries, Mumbai. Announcement • Nov 08
Arshiya Limited to Report Q2, 2023 Results on Nov 14, 2022 Arshiya Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 14, 2022 Announcement • Oct 08
Arshiya Limited Appoints Priya Madhukar Kenkare, as an Additional Woman Director Arshiya Limited announced the appointment of Dr. Ms. Priya Madhukar Kenkare, as an Additional Woman Director (Non-Executive Independent) of the Company. Dr. Ms. Priya Madhukar Kenkare is Visiting Faculty at various Management Institutes across India and she brings with her over 37 years of experience such as Adjunct Faculty of Business & Management in a Global Context, International Comparative Perspectives, Core Management Concepts, E-Business, Human Resource Management with Russel Square International College and Business Study Skills & Methods, Business Communication, Management & Business in a Comparative Perspective, Advertising & Promotion Management with University of London's Royal Holloway College. Further, she has experience as Visiting Faculty of Business & Management of Podar World College in E-Business, Development Management and Social Media. Dr. Ms. Kenkave holds Bachelor of Arts (Honours) Psychology Sociology and Master's in Management Studies (M.M.S) in Marketing from University of Bombay and Diploma in Export Management University of Vadodara and she has also Completed Doctorate (PhD) in Management from New Age International University, European Union and Diploma in Hotel Management and Catering Technology. Announcement • Aug 11
Arshiya Limited, Annual General Meeting, Sep 27, 2022 Arshiya Limited, Annual General Meeting, Sep 27, 2022, at 15:00 Indian Standard Time. Announcement • Aug 06
Arshiya Limited to Report Q1, 2023 Results on Aug 10, 2022 Arshiya Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • Jul 09
Arshiya Limited Appoints Kiran Shinde, as an Additional Director (Non-Executive Independent) Arshiya Limited appointed Mr. Kiran Shinde, as an Additional Director (Non-Executive Independent) to hold office up to the upcoming AGM. Mr. Kiran Shinde brings with him over 39 years of experience such as preparation area development plans, Development plans for notified special planning areas, grant of development permission according to the provisions of development control regulations, preparation land use statements and working of the cost estimates of the projects. Buying Opportunity • Jun 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be ₹19.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 31
Arshiya Limited Approves Resignation of Ratika Gandhi as Company Secretary and Compliance Officer Arshiya Limited at the board meeting, the board approved Mrs. Ratika Gandhi has tendered her resignation from the post of Company Secretary and Compliance Officer and Head -Legal of the Company with effect from 4* June 2022 after close of normal office hours. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Rishabh Shah was the last director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 29
Ascendas Property Fund (India) Pte. Ltd. completed the acquisition of Anomalous Infra Private Limited. Ascendas Property Fund (India) Pte. Ltd. entered into definitive agreements for the acquisition of all of the issued share capital of Anomalous Infra Private Limited for INR 2150 million on march 23, 2022. Total consideration comprises an upfront payment of INR 1940 million and an additional deferred consideration of up to INR 210 million to be paid over the next four years, upon achievement of certain performance milestones.
Ascendas Property Fund (India) Pte. Ltd. completed the acquisition of Anomalous Infra Private Limited on March 28, 2022. Reported Earnings • Feb 17
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹2.37 loss per share (up from ₹4.07 loss in 3Q 2021). Revenue: ₹385.4m (down 29% from 3Q 2021). Net loss: ₹620.7m (loss narrowed 41% from 3Q 2021). Revenue missed analyst estimates by 18%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 18
Second quarter 2022 earnings released: ₹4.10 loss per share (vs ₹3.68 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: ₹403.6m (down 39% from 2Q 2021). Net loss: ₹1.07b (loss widened 13% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
First quarter 2022 earnings released: ₹3.94 loss per share (vs ₹3.70 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: ₹420.2m (down 28% from 1Q 2021). Net loss: ₹1.03b (loss widened 8.5% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹14.15 loss per share (vs ₹18.66 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹2.75b (down 6.8% from FY 2020). Net loss: ₹3.66b (loss narrowed 21% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 01
New 90-day high: ₹35.35 The company is up 126% from its price of ₹15.61 on 01 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 12% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹4.07 loss per share (vs ₹3.97 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹564.1m (down 25% from 3Q 2020). Net loss: ₹1.05b (loss widened 7.7% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Feb 11
Arshiya Limited Appoints Ratika Gandhi as Company Secretary & Compliance Officer Arshiya Limited announced the appointment of Mrs. Ratika Gandhi as Company Secretary & Compliance Officer of the Company with effect from February 12, 2021, at the board meeting held on February 10, 2021. Is New 90 Day High Low • Feb 10
New 90-day high: ₹31.35 The company is up 133% from its price of ₹13.46 on 12 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 18% over the same period. Announcement • Feb 04
Arshiya Limited to Report Q3, 2021 Results on Feb 10, 2021 Arshiya Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 01
New 90-day high: ₹20.45 The company is up 36% from its price of ₹15.04 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 22% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: ₹3.68 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: ₹717.2m (down 8.5% from 2Q 2020). Net loss: ₹949.2m (loss narrowed 1.8% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Announcement • Nov 02
Arshiya Limited Announces Executive Changes Arshiya Limited informed that Ms. Yesha Maniar, Company Secretary and Compliance Officer, has resigned from the services of the Company due to personal reasons. Her resignation shall be effective from close of business hours of October 31, 2020. The Company shall announce the appointment of new Company Secretary and Compliance Officer shortly, however meanwhile Mr. Ajay S Mittal- Chairman & Managing Director shall act as Compliance Officer. Is New 90 Day High Low • Sep 29
New 90-day high: ₹13.73 The company is up 19% from its price of ₹11.50 on 01 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 30% over the same period. Announcement • Aug 26
Arshiya Limited (BSE:506074) acquired AMD Business Support Services Private Limited. Arshiya Limited (BSE:506074) acquired AMD Business Support Services Private Limited on April 8, 2020.
Arshiya Limited (BSE:506074) completed the acquisition of AMD Business Support Services Private Limited on April 8, 2020. Announcement • Aug 20
Arshiya Limited to Report Q1, 2021 Results on Aug 25, 2020 Arshiya Limited announced that they will report Q1, 2021 results on Aug 25, 2020 
