ARSS Infrastructure Projects Limited has informed the Exchange regarding ''. Machine readable format of outcome of board meeting consider Audited standalone and consolidated financial statement.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Limited, which has been under Corporate Insolvency Resolution Process (CIRP) since November 30, 2021, submitted its audited financial results for FY25 through the Resolution Professional, Mr. Uday Narayan Mitra. Standalone revenue from operations fell sharply to Rs 16,538.80 lakhs from Rs 32,087.18 lakhs in FY24, a decline of nearly 48%. The company reported a net loss of Rs 949.37 lakhs in FY25, narrower than the Rs 3,534.61 lakhs loss in FY24, but Q4 alone saw a loss of Rs 1,027.80 lakhs. Other equity is deeply negative at Rs (18,652.35) lakhs, giving a negative net worth of Rs (16,378.55) lakhs. The statutory auditor (M A R S & Associates) issued a qualified opinion due to non-recognition of contract-wise surplus/loss under Ind AS-115 — a recurring qualification since FY 2013-14.
This is a high-risk, deeply distressed stock. Negative net worth, ongoing insolvency proceedings with the NCLT having reserved its order on the resolution plan, and separate investigations by the Enforcement Directorate and SFIO make equity outcomes highly uncertain. Shareholders face significant risk of dilution or near-total loss depending on the resolution plan terms.