Key Details
Mr. Ved Prakash (DIN: 02988628), Non-Executive Independent Director of Arshiya Limited, has tendered his resignation from the directorship of the company. The resignation was submitted via email dated February 18, 2026.
Resignation Timeline and Processing
The resignation was originally tendered via email on September 4, 2024. However, due to the company being under Corporate Insolvency Resolution Process (CIRP) as admitted by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (IBC), the resignation could not be processed earlier.
Under Section 17 of IBC, upon commencement of CIRP, the powers of the Board of Directors stand suspended and are vested in the Resolution Professional. The company was not in a position to formally process the resignation during the CIRP period until February 18, 2026.
Reason for Resignation
Mr. Ved Prakash resigned as he has been residing in Dubai and is unable to devote sufficient time and attention to the affairs of the company on a regular basis.
Effective Date
Mr. Ved Prakash ceases to hold the position of Non-Executive Independent Director with effect from February 18, 2026.
Additional Information
- There are no other material reasons for resignation beyond those provided
- The director holds no directorships in other listed entities (NIL)
- The filing includes details required under SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Company Status
Arshiya Limited is under Corporate Insolvency Resolution Process with Resolution Professional Pankaj Mahajan (IBBI Registration No: IBBI/IPA-001/IP-P00836/2017-2018/11420) managing the company.