ARSS Infrastructure Projects Limited has informed the Exchange that Record date for the purpose of Extinguishment of Promoter & Promoter Group Shareholding as per the approved Resolution Plan. is 19-Dec-2025.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects has fixed 19-December-2025 as the record date for extinguishing (cancelling) all shares held by its Promoters and Promoter Group. This action is being carried out in line with a Resolution Plan that has already been approved, suggesting the company went through a corporate insolvency resolution process. All shares held by the existing promoters will be written off on this date. Shareholders who are part of the promoter/promoter group will see their holdings go to zero.
This is effectively a total loss for existing promoter shareholders, as their equity will be wiped out. For retail (non-promoter) shareholders, the outcome depends on whether the Resolution Plan provided them any recovery or new equity — this announcement itself does not clarify that part.