ARSS Infra posts Rs 3,555 cr loss; auditor gives qualified opinion

ARSS Infrastructure posted a standalone net loss of Rs 3,55,498 lakhs for FY26 versus a Rs 949 lakhs loss in FY25, driven by Rs 3,22,971 lakhs in exceptional items linked to the CIRP/restructuring after Ocean Capital Market's resolution plan was approved in August 2025. Revenue from operations fell to Rs 14,579 lakhs from Rs 16,539 lakhs. Auditor A D V AND CO LLP issued a qualified opinion, flagging non-compliance with Ind AS 115, improper recognition of Rs 70,832 lakhs in arbitration claims, and loan classification issues with related party OCML.