ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionHighNeutral
Announced Thu, 23 Jul · 17:32 IST
Board okays Rs 250 Cr pref share issue to promoter, capital hike, KMP change
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
ARSS Infra board approved: (1) Rajendra Biswal as new Company Secretary and Compliance Officer from July 23, 2026; (2) hiking authorized share capital from Rs 110 Cr to Rs 500 Cr; (3) issuing up to 25 crore NCRPS (face value Rs 10) to promoter Ocean Capital Market via private placement, raising Rs 250 Cr at 0.01% coupon with 12% IRR on redemption over 22 months; (4) material related party transactions; (5) postal ballot for shareholder nod. E-voting from July 31 to Aug 29, 2026.
Likely market impact
Rs 250 Cr preference share issue to promoter at effective 12% IRR boosts capital; related party deal needs shareholder approval via postal ballot.