Pursuant to the SEBI circular no. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November,2019 and as required under SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find the enclosed disclosures on defaults on payment ofinterest/repayment of principal amount on loans from Banks/financial institutions for thequarter ended 31-03-2025.This is for your information & record please.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects has disclosed to NSE that it has defaulted on payment of interest and/or repayment of principal on loans from banks and financial institutions for the quarter ended 31 March 2025. The disclosure has been made in line with SEBI's November 2019 circular on disclosure of loan defaults. The exact quantum of default or the names of lenders have not been specified in the headline. This is a continuation of the company's earlier disclosures indicating ongoing financial stress. The filing is purely for regulatory compliance and record purposes.
This signals continued liquidity stress and an inability of the company to service its debt obligations, which is negative for shareholders and could put further pressure on the stock. Such defaults often trigger lender action, higher borrowing costs, and heightened risk of the stock being classified as a non-performing asset on lender books.