Dear Sir, 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 A of ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects, which is already under Corporate Insolvency Resolution Process (CIRP), informed exchanges about the NCLT Cuttack bench hearing on its Resolution Plan. The company had earlier intimated on 16-05-2025 about the scheduled hearing date. At the recent hearing, the Hon'ble NCLT considered the Resolution Plan and reserved its order, meaning a decision on approving or rejecting the plan is pending. No approval, rejection, or new developments on the plan were announced at this stage.
Investors should note that the NCLT has not yet approved or rejected the Resolution Plan, leaving the stock's status uncertain. The next key trigger will be the NCLT's reserved order, which could meaningfully impact the stock once pronounced.