ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionHighNeutral
Announced Mon, 10 Nov, 2025 · 20:34 IST
Q2 FY26 results: IBC resolution plan implemented, board reconstituted
Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeExceptional ItemResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
ARSS Infra's NCLT approved Ocean Capital Market's resolution plan on Aug 29, 2025. Board reconstituted Sep 29; old promoter shares (1.06 cr) extinguished. Rs 4,940 cr financial debt settled for Rs 207.69 cr cash. Q2 standalone revenue fell to Rs 1,141L from Rs 3,366L YoY. H1 FY26 standalone PAT loss of Rs 3,34,323L due to exceptional items from IBC plan. Auditor issued qualified conclusion.
Likely market impact
Massive IBC-driven loss, new board installed, old promoter shares cancelled. 7.5 cr new shares pending allotment, expect heavy dilution.