Please find enclosed Audited Standalone and consolidated financial results for the financial year ended March 31, 2026
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Ltd reported FY 2025-26 revenue of Rs. 14,579.28 Lakhs, down from Rs. 16,538.80 Lakhs in the previous year, marking a revenue decline of approximately 12%. The company reported a massive net loss of Rs. 3,55,498.04 Lakhs (vs loss of Rs. 949.37 Lakhs in FY 2024-25), primarily due to exceptional items of Rs. 3,43,413.06 Lakhs arising from the implementation of the NCLT-approved Resolution Plan. The auditors (ADV AND CO LLP) issued a Qualified Opinion citing: (1) non-compliance with Ind AS 115 due to missing contract-wise documentation, and (2) improper recognition of Rs. 70,831.96 Lakhs in uncertain arbitration claims that should be disclosed as contingent assets. The company is under Corporate Insolvency Resolution Process (CIRP) with the Resolution Plan approved by NCLT in August 2025.
The company remains under insolvency proceedings with significant audit qualifications. The qualified opinion and uncertain arbitration claims create risk for shareholders. The massive exceptional items reflect debt restructuring under the resolution plan, and investors should carefully evaluate the sustainability of operations post-restructuring.