We hereby inform you that the 25th Annual General Meeting of ARSS Infrastructure Projects Limited will be held on Wednesday, 24th September, 2025 through VC/OAVM.
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Limited has scheduled its 25th Annual General Meeting on Wednesday, September 24, 2025, at 11:00 a.m. IST, to be held via video conference in line with MCA and SEBI circulars. The company is currently under the Corporate Insolvency Resolution Process (CIRP) initiated by SBI on November 30, 2021, with Mr. Uday Narayan Mitra acting as the Resolution Professional in place of the Board of Directors. The Register of Members and Share Transfer Books will be closed from September 17 to September 24, 2025, with the cut-off date for e-voting also set as September 17, 2025. Key business items include adopting FY25 standalone and consolidated financial statements, re-appointing Shri Subash Agarwal as a director (with suspended powers during CIRP), ratifying cost auditor remuneration of Rs. 50,000, appointing M/s Sunita Jyotirmoy and Associates as Secretarial Auditors for five years at Rs. 50,000 per year, and approving material related party transactions of up to Rs. 217.79 crore with ABCI-SCPL-SIPS JV. Remote e-voting will be open from September 20 to September 23, 2025, via the NSDL platform.
Shareholders should note that voting rights remain intact, but all board-level decisions are being exercised by the Resolution Professional, signalling that the company is still in active insolvency proceedings. The proposed Rs. 217.79 crore related party transaction requires shareholder approval and is a key item to watch, as is the ongoing CIRP status which continues to limit normal corporate governance.