Please find General update of Financial results for year ended 31.03.2026.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects reported its first full-year results after emerging from the Corporate Insolvency Resolution Process (CIRP). The NCLT approved Ocean Capital Market Limited's (OCML) resolution plan on August 29, 2025, resulting in massive balance sheet restructuring. Promoter equity of 1.06 crore shares was extinguished, financial creditors settled at Rs 207.69 crore against admitted claims of Rs 4,940.14 crore, and unsustainable debt of Rs 4,675.45 crore was converted into 7.5 crore equity shares. Revenue from operations fell to Rs 14,579.28 lakh from Rs 16,538.80 lakh in FY25. The company reported a massive net loss of Rs 3,55,498 lakh for FY26, driven by exceptional items of Rs 3,43,413 lakh, including Rs 2,237 crore in interest on financial creditors' claims and Rs 1,042 crore in newly recorded liabilities. EPS swung to a loss of Rs 394.48 from Rs 4.18. The statutory auditor issued a qualified/modified opinion flagging non-compliance with Ind AS 115, improper recognition of Rs 708.32 crore of arbitration claims, and related-party loan treatment issues.
The stock reflects a deeply distressed post-insolvency company with a massive one-time loss driven by debt restructuring rather than operations. The qualified audit opinion, related-party concerns with the new sponsor (OCML), and pending NCLT amendments introduce uncertainty, while the revenue decline and negative earnings make this a high-risk investment despite the resolution plan providing a going-concern basis.