ARSS Infrastructure Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve In terms of the ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects has informed the stock exchanges that a meeting is scheduled on May 28, 2025 to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Notably, the company is currently under the Corporate Insolvency Resolution Process (CIRP), and a Resolution Professional (Mr. Uday Narayan Mitra) has been appointed, with the powers of the Board vested in him. The meeting will be conducted by the RP rather than the regular Board. The trading window for dealing in the company's securities has been closed since April 1, 2025 and will remain closed until 48 hours after the results are announced.
The results will reflect the company's financial position while it is under insolvency proceedings, which shareholders should watch closely as they may indicate recovery prospects or resolution plan viability. The stock remains illiquid for insiders until after the announcement, and CIRP status signals elevated risk for equity holders.