Dear Madam/Sir, Please be informed that the Board of Directors of the company, at its meeting held on today i.e. on Monday, 13th October, 2025, has inter-alia considered the following ....
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The Board of Directors of ARSS Infrastructure Projects Ltd, at its meeting on 13 October 2025, approved increasing the authorised share capital from Rs. 55 crore to Rs. 110 crore, subject to shareholder and NCLT approval. The Board also approved the assignment of unsustainable debt and the consequent allotment of 7.5 crore equity shares in one or more tranches under the Approved Resolution Plan. Additionally, the Board noted the re-stated Balance Sheet prepared as per the Approved Resolution Plan. Other operational matters were also discussed.
The doubling of authorised capital and large equity issuance (7.5 crore shares) for debt conversion signals significant dilution for existing shareholders but is part of the company's approved restructuring/resolution plan, likely under the IBC framework. Shareholders should expect a meaningful increase in share count and should look for the detailed resolution plan terms and the record date for the allotment.