Dear Madam/Sirs, Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of Clause 16 of Part ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects, currently under Corporate Insolvency Resolution Process (CIRP), has informed exchanges that the NCLT Cuttack Bench will hold a hearing on 20th May 2025 to consider the company's Resolution Plan. The company is filing this under SEBI LODR Regulation 30, as required for companies undergoing CIRP. The outcome of this hearing will determine whether the resolution plan submitted by a potential bidder gets approved by the tribunal. No resolution plan approval or rejection has been communicated yet — only the hearing date.
This is a key milestone for shareholders. Approval of the resolution plan could revive the company and determine recovery for equity holders, while rejection may push the company toward liquidation. The stock is likely to remain volatile around the hearing date until clarity emerges.