Critical response Rohit Panikker of
Times Now gave 4/5 stars and wrote, "Ajayante Randam Moshanam is a visual spectacle supported by some masterful story-telling. If not anything, the film is worth it for its performances from all quarters, but most of all, as a story-telling vehicle that has taken Tovino Thomas the performer up a few notches. The film is an excellent theatre-watching experience that you can hope for from a festival release". Christy Rosy Sibi of
The Week gave 4/5 stars and wrote, "Tovino should take on more menacing, villain roles". Anna Mathews of
The Times of India gave 3.5/5 stars and wrote, "Ajayante Randam Moshanam could be like another one of those impressive films that have come out of the Malayalam industry - which is currently ailing from several issues driven by the
Hema Committee report - but does it have that emotional hook to pull in audiences is a question that we will have to wait and watch out for". Goutham S of
Pinkvilla gave 3.5/5 stars and wrote, "Ajayante Randam Moshanam aka ARM is surely not a commercial cinema that is filled with crazy elements or fanfare. However, the film provides a tale of action and adventure which is mixed with myth and folklore". Anandu Suresh of
The Indian Express gave 3.5/5 stars and wrote, "Dhibu Ninan Thomas's background score stands out, especially in the mass-appeal moments, though his songs are not all equally memorable. Gokuldas's production design, Praveen Varma's costume design and Ronex Xavier's makeup also deserve recognition for their contributions". Vignesh Madhu of
Cinema Express gave 3.5/5 stars and wrote, "It is precisely why ARM is that much-needed breath of fresh air from Malayalam's overpopulated realistic dramas and generic thrillers". Janani K of
India Today gave 2.5/5 stars and wrote, "ARM intriguingly blends folklore and action. However, the screenplay has some shortcomings that prevent it from fully conveying the intended message". Kirubhakar Purushothaman of
News18 gave 2.5/5 stars and wrote, "In Ranjith's film, the coveted object is gold; in ARM, it's the lamp. Both symbolize what is denied to the oppressed. It's interesting how both Ranjith and Jithin Lal use fantasy as a genre to delve into this topic. If only Ajayante Randam Moshanam was as captivating as its concept. S. R. Praveen of
The Hindu wrote, "Despite the underwhelming writing, Jithin Lal gives us a hint of his craft with a visually impressive drama. And yes, the film belongs to Tovino". Swathi P Ajith of
Onmanorama wrote, "The film benefits from a well-balanced blend of genres, incorporating magic, supernatural elements, folktales, history, and romance, all mixed together in perfect harmony. The film is a must-watch for those seeking a dynamic performance and is perfectly suited for the big screen experience". Latha Srinivasan of
Hindustan Times wrote, "Technically, the cinematography by Jomon T John stands out but the songs by Dhibu Ninan Thomas don't. Thomas’ BGM however did work well in the film. Tovino Thomas shines in ARM but the execution is, unfortunately, flawed".
Piracy issues On 17 September 2024, the director of the film Jithin Lal, shared a video of a man watching the pirated version of the film in train through his
Facebook page criticising the piracy. Following this on 19 September 2024,
Kerala Police registered a case regarding the incident. ==Future==