BSEARSS Infrastructure Projects LtdMediumNeutral
Announced Thu, 23 Jul · 17:37 IST
ARSS Infra appoints new CS, plans Rs 250 Cr preference share issue to promoter
Management Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
ARSS Infrastructure Projects appointed Mr. Rajendra Biswal as Company Secretary effective July 23, 2026. The board also approved raising authorized share capital from Rs 110 Cr to Rs 500 Cr and plans to issue up to Rs 250 Cr in non-convertible preference shares to promoter Ocean Capital Market Ltd at 0.01% dividend and 12% IRR on redemption over 22 months, subject to shareholder approval via postal ballot.
Likely market impact
Preference share issue to promoter expands capital but raises governance concerns from related party transaction. Shareholder vote pending.