Board okays Rs 250 Cr pref share issue to promoter, capital hike, KMP change

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.