Dear Sir/Madam, In continuation to our earlier intimation dated 26th May, 2025 about the meeting of Committee of Creditors (COC), pursuant to Regulation 30 of SEBI (Listing Obligation ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects, which is under Corporate Insolvency Resolution Process (CIRP), held its 40th meeting of the Committee of Creditors on 29th May 2025 via video conferencing. The Resolution Professional briefed the creditors on the current status of the insolvency process and discussed operational matters. The meeting lasted about 48 minutes, ending at 3:48 PM. No specific decisions, resolution plan approvals, or major outcomes were disclosed in this filing.
This is a routine procedural update confirming continued progress of the insolvency resolution process. The fact that this is the 40th CoC meeting suggests the resolution process has been drawn out, which is generally negative for shareholders as prolonged CIRP often leads to significant value erosion. No immediate stock-moving event occurred.