ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionHighNeutral
Announced Tue, 6 Oct, 2026 · 17:48 IST
Roger Bravo withdraws as nominee for 81.55 percent ARSS Infra shares
Price reaction
Awaiting price reaction for this filing.
AI summary
ARSS Infrastructure says its nominated shareholder Roger Bravo has withdrawn as nominee for Ocean Capital Market Ltd, the successful resolution applicant. Under the NCLT-approved Resolution Plan from August 2025, 7.35 crore shares equal to about 81.55 percent of paid-up capital were allotted to Roger Bravo. The company will substitute the nominee in consultation with the SRA. Total share capital will not change, but the allotment is still pending listing and demat credit.
Likely market impact
No change to total share capital, but nominee substitution may delay listing of the 81.55 percent plan shares and adds uncertainty.