New Company Secretary appointed, capital hiked, promoter NCRPS issue approved

ARSS Infrastructure board appointed Mr. Rajendra Biswal as Company Secretary and Compliance Officer effective July 23, 2026. Authorized Share Capital to be increased from Rs. 110 Crore to Rs. 500 Crore subject to shareholder approval. Board also approved issue of 25 crore 0.01 percent non-cumulative redeemable preference shares worth Rs. 250 Crore to promoter Ocean Capital Market Limited on private placement, with 22 month tenure and 12 percent IRR on redemption. Postal ballot notice approved.