The board meeting outcome notice issued by ARSS Infrastructure Projects Limited on July 23, 2026, details key corporate decisions including the appointment of Mr. Rajendra Biswal as the Company Secretary and Compliance Officer. Furthermore, the board approved an increase in the authorized share capital from Rs. 110 Crore to Rs. 500 Crore, material related party transactions, and the issuance of 25,00,00,000 non-cumulative non-convertible redeemable preference shares worth Rs. 250 Crore on a private placement basis to promoter group entity Ocean Capital Market Limited.

The detailed disclosures highlight that the proposed preference shares carry a tenure of 22 months with an internal rate of return (IRR) of 12% per annum upon redemption, alongside an authorized capital restructuring split into Rs. 230 Crore of equity shares and Rs. 270 Crore of preference shares. Postal ballot procedures and remote e-voting timelines spanning from July 31, 2026, to August 29, 2026, were also officially sanctioned by the board.

ARSS Infrastructure Projects Limited is primarily engaged in the execution of infrastructure construction contracts, including highways, bridges, and railways. In 2025, the company focused extensively on debt resolution frameworks, operational restructuring, and navigating corporate insolvency resolution proceedings while seeking strategic capital infusions from promoters to stabilize project execution capabilities and address working capital constraints.

Financial disclosures and performance reviews from 2025 indicate that the company has been progressively working to improve its top-line execution amidst constrained liquidity, while key institutional and promoter entities like Ocean Capital Market Limited continue to back financial stabilization efforts through preferential allotments and debt-to-equity restructuring maneuvers.