Subash Agarwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Subash Agarwal, representing the promoter group of ARSS Infrastructure Projects, has filed a yearly declaration with the stock exchanges as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In the disclosure, he confirms that neither he nor any person acting in concert has created any encumbrance (such as pledge, lien, or charge) on the company's shares, directly or indirectly, during the financial year. The filing has been submitted to the Resolution Professional of the company, indicating the firm is still under the Corporate Insolvency Resolution Process (CIRP). This is a routine annual compliance requirement for promoters and promoter group entities.
No material impact on shareholders or stock price — this is a standard regulatory compliance filing confirming that promoter group shares remain free of any pledges or charges.