We would like to inform you that the 1st Meeting of the Monitoring Committee of ARSS Infrastructure Projects Limited, was duly convened on Friday, 5th September, 2025 at 12.00 p. m. onwards ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects informed the stock exchanges about the first meeting of its Monitoring Committee, held on 5 September 2025 via video conferencing. The committee was formally constituted with Mr. Uday Narayan Mitra as Chairman, along with representatives from secured financial creditors CFM Asset Reconstruction Pvt Ltd and Invent Assets Securitization Pvt Ltd. The Monitoring Committee's role is to supervise the implementation of the company's Resolution Plan. Operational matters were also discussed, and the meeting concluded at 1:45 PM.
The formation of a Monitoring Committee with secured creditors as members indicates the company is in the post-resolution phase under the Insolvency and Bankruptcy Code, meaning a Resolution Plan has already been approved by the NCLT. Shareholders should note that existing equity may be significantly diluted or extinguished depending on the resolution plan terms, and the company's revival now depends on successful plan implementation.