Appointment of Mr. Manoranjan Panigrahy as an Non-Executive Independent Director.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Ltd has appointed Mr. Manoranjan Panigrahy (DIN: 11360139) as a Non-Executive Independent Director (Additional) for a 5-year term from October 31, 2025 to October 30, 2030, subject to shareholder approval. The appointment was made via a board resolution passed through circulation on October 31, 2025. Mr. Panigrahy, aged about 61, is a retired Indian Revenue Service officer who served as Principal Chief Commissioner of Income Tax until May 2024 and also held a secretary-level post in the Odisha government. He has been added as a member to all four key board committees: Audit, Nomination and Remuneration, Stakeholders' Relationship, and CSR. The company confirmed he is not debarred by SEBI and has no disqualifications under Section 164 of the Companies Act, 2013.
This is a routine independent director appointment with no direct impact on the company's financials or operations. Adding a senior retired IRS officer may strengthen board governance and compliance oversight, but is unlikely to move the stock price.