ARSS Infrastructure Projects Ltd

Resignation of Managing Director

• G. K. Dash resigns as Managing Director effective 11 August 2026.
• Reason: personal reasons and health issues.
• No explicit continuation in any other role within the company disclosed.
• No immediate replacement announced.
• Board has accepted the resignation; cessation as Director to be recorded.
• Relationships with other directors: not disclosed.
• No board composition change or succession plan details disclosed.

Order details

• Awarding entity: Office of the Superintending Engineer, Panikoili (R&B) Division, Odisha.
• Scope: Widening and strengthening Danagadi-Bangarkata road under State Plan.
• Contract value: Rs 19,78,77,668.00, exclusive of GST.
• Entity type: Domestic (Indian) awarding entity.
• Tenor: Completion within 21 months.
• Initial Security Deposit: Rs 91,02,373; Additional Performance Security required.
• Submission of documents and agreement within seven days.
• Milestone-based Construction Programme to be approved by Superintending Engineer.
• Rates include Labour Cess, Royalty, DMF; no price adjustment.
• Related party status: Not applicable.

Meeting Details

• Board meeting scheduled for 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after the results announcement.

KMP update

• Rajendra Biswal named CS & CO (ACS-76448); included in revised KMP list dated 28-07-2026.
• Effective date: 28-07-2026; reason: revised KMP disclosures.

Meeting Details

• Board meeting scheduled for 23 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider raising funds via private placement of Non-Convertible, Non-Cumulative redeemable preference shares.

Other Notes

• Trading window closed for directors, promoters, designated persons, connected persons, and their immediate relatives.

Dematerialisation processing

• Securities received for dematerialisation up to quarter end were confirmed (accepted/rejected) to the depositories.
• Securities in dematerialised certificates have been listed on the exchanges where earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Resolution details

• Resolution: Appointment of ADV AND CO LLP as Statutory Auditors to fill casual vacancy.
• Type: Ordinary resolution; Subject: appointment of auditors.
• Term: From Mar 10, 2026 to conclusion of 26th AGM.
• Remuneration: As per explanatory statement; includes taxes and out-of-pocket expenses.
• Authority: Directors/Company Secretary authorized to file necessary documents.
• Promoter/director interest: None disclosed.
• Voting outcome: Ordinary resolution approved by requisite majority.
• Impact: No material change in shareholding or control expected.

Subsidiary CEO appointment

• Type: Appointment of CEO for ARSS Damoh Hirapur Tolls Private Limited (subsidiary of ARSS Infrastructure Projects Ltd).
• Appointee: Avisek Agarwalla, Chief Executive Officer of the subsidiary.
• Effective date: 1 July 2026.
• Term: not specified.
• Profile: Commerce graduate, 29, 8 years in manufacturing and infra.
• Experience includes crusher plants, road and railway projects.
• Relationships with directors: Not Applicable.