Arshiya Limited - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 As Amended From Time To Time.

We wish to inform you that one of the lender of Arshiya Norther FTWZ Limited (ANFL) a Wholly Owned Subsidiary of Arshiya Limited had filed Company Petition No. (IB) 3080/MB/2019 before Hon'ble National Company Law Tribunal (NCLT) Mumbai bench. In this matter NCLT vide its order dated 23rd December, 2022 has passed the order and directed to initiation of Corporate Insolvency Resolution Process (CIRP) against ANFL. The Company (ANFL) is under process to file an appeal against the order passed by Hon'ble NCLT Mumbai bench. Request you to take the same on your records.