Dear Sir, Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 (Listing Regulations) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Ltd, currently under the Corporate Insolvency Resolution Process (CIRP), has cancelled its 43rd meeting of the Committee of Creditors that was scheduled for 29th August 2025 at 3:00 PM. The cancellation comes in the backdrop of an order pronounced by the Hon'ble NCLT Bench regarding the Resolution Plan submitted by Ocean Capital Market Limited. The company has informed both BSE and NSE about this development under SEBI Listing Regulations. The exact nature of the NCLT order—whether approval, rejection, or directions—has not been explicitly stated in this filing.
This is a significant milestone in the company's insolvency resolution journey. The NCLT's pronouncement on the resolution plan will determine the future course of the company, including potential revival or liquidation, directly affecting shareholder value. Investors should watch for the next filing clarifying the NCLT order's nature, as this could materially move the stock price.