| Scrip Code | 533163 |
|---|---|
| NSE Symbol | ARSSINFRA |
| MSEI Symbol | NOTLISTED |
| ISIN | INE267I01010 |
| Name of company | ARSS INFRASTRUCTURE PROJECTS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 10-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 02-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | INFRASTRUCTURE |
| Start date and time of board meeting | 10-02-2026 12:30:00 |
| End date and time of board meeting | 10-02-2026 15:35:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | Yes |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 3,825.10 | 6,834.24 | |
| Other income | 365.51 | 494.02 | |
| Total income | 4,190.61 | 7,328.26 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 1,142.33 | 3,054.42 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 18.24 | (1,349.80) |
| (d) | Employee benefit expense | 321.51 | 848.72 |
| (e) | Finance costs | 0.14 | 31.94 |
| (f) | Depreciation, depletion and amortisation expense | 26.86 | 76.68 |
| (f) | Other Expenses | ||
| 1 | Cost of Goods/Services Sold | 1,912.58 | 4,304.52 |
| 2 | Other Expenses | 664.59 | 12,190.29 |
| Total other expenses | 2,577.17 | 16,494.81 | |
| Total expenses | 4,086.25 | 19,156.77 | |
| 3 | Total profit before exceptional items and tax | 104.36 | (11,828.51) |
| 4 | Exceptional items | 0.00 | (3,22,318.62) |
| 5 | Total profit before tax | 104.36 | (3,34,147.13) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 110.64 | 181.65 |
| 9 | Total tax expenses | 110.64 | 181.65 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (6.28) | (3,34,328.78) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (6.28) | (3,34,328.78) |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | (6.28) | (3,34,328.78) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 9,011.85 | 9,011.85 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.01 | -416.27 | |
| Diluted earnings (loss) per share from continuing operations | -0.01 | -416.27 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | -0.01 | -416.27 | |
| Diluted earnings (loss) per share from discontinued operations | -0.01 | -416.27 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.02 | -832.54 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.02 | -832.54 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Selected Explanatory Notes to the Standalone Statement of Unaudited Financial Results for the Quarter and Nine Months Ended On December 31, 2025 1 The above Unaudited Financial Results of the Company for the Quarter and Nine Months ended December 31, 2025 have been reviewed by Audit Committe and approved by the Board of Directors of the Company at its meetings held on February 10, 2026. The Statutory Auditor of the company has reviewed the said result. These results are being published in accordance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. 2 The above financial results of the Company have been prepared in accordance with Indian Accounting Standards lnd AS notified under the Companies Indian Accounting Standards Rules, 2015 as amended thereof. 3 Pursuant to the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 initiated on 30th November 2021, the National Company Law Tribunal NCLT on 29 August 2025 NCLT Order date approved, the Resolution Plan the Plan submitted by Ocean Capital Market Limited ‘Successful Resolution Applicant or SRA or OCML. As per the terms of Section 31 of the Code, the Approved Resolution Plan shall be binding on the Company, its employees, members, creditors, guarantors and other stakeholders involved in the Resolution Plan. Pursuant to the Approved Resolution Plan, during the period between the NCLT Approval Date Effective Date i e 29 August, 2025 and the Closing Date as defined in the Approved Resolution Plan Interim Period, a monitoring committee shall be constituted Monitoring Committee, shall comprise two representatives of the Financial Creditors, two representatives of the Resolution Applicants and the Erstwhile Resolution Professional. Thus, for the period between the NCLT Approval Date as defined in the Approved Resolution Plan and the Closing Date ie 29 September 2025 the date of payment of consideration towards Assignment of Debt with Securities Interest to Secured Financial Creditors, the Monitoring Committee has accordingly been formed to maintain the Company as a going concern and to supervise the implementation of the Approved Resolution Plan. Implementation of the Approved Resolution Plan Plan has commenced and the following steps have been completed as per the terms of the said Plan and shall be deemed to be in compliance with the applicable accounting standard pursuant to order passed by the Honble NCLT a The existing directors of the Company have stand replaced by the new Board of Directors from their office. The Board of Directors of the Company has been reconstituted on 29th September 2025. b Extinguishment of 1,06,19,468 equity shares of INR 10 each held by erstwhile promoters of the Company and the amount has been transferred to Capital Reserve Account. c As per the terms of approved Resolution Plan, the entire admittee claim of the Financial Creditors amounting to INR 4,940.14 crores has been assigned to SRA i.e, OCML. The financial creditors were settled through a payment of INR 207.69 crore by the SRA. Pursuant to the settlement, the financial creditors assigned its outstanding debt to the Resolution Applicant in full satisfaction of the said liability. Further, as provided in the approved Resolution Plan, the Assenting Financial Creditors shall have right to receive 50 percent of the value received on receipt of proceeds from arbitration within 3 years from the Effective Date. In relation to the same, SRA has paid INR 10 crores to financial creditor, which shall be adjusted from the share of financial creditors in arbitration receipts. d Unsustainable debt of INR 4,675.45 crores being the difference between the admitted claim of INR 4,893.14 crores, excluding ICICI Banks claim, and the cash payment of INR 217.69 crores has been settled by way of issue of 7.5 crore equity shares 15,00,000 equity shares have been issued to Assenting Financial Creditors and balance 7,35,00,000 equity shares have been issued to the AIF assigned by SRA during the quarter. e Settlement of operational creditors other than employees and workmen, for a sum of INR 0.47 Crores by the Company. f Extinguishment of all contingent liabilities, commitments and other claims and obligations including all taxes and other government dues standing as on the effective date. g The SRA has infused INR 3 crore for aquiring 30 Lakh equity shares of INR 10 each of the Company and the same has alloted to SRA on 29.09.2025. 4 EXCEPTIONAL ITEMS Rs. in Crores Particulars Period ended 31 December, 2025 1st April 2025 to 31st December 2025 Period ended 31 March, 2025 Extinguishment of Operational Creditors including the Central Government, State Government or local authority as per the terms of Approved Resolution Plan refer note i below 56.92 Interest expense payable to Financial Creditors as per claim submitted to erstwhile Resolution Professional refer note ii below 2,237.24 Liability relating to Financial Creditors not recorded earlier in the books refer note iii below 1,042.87 Total 3,223.19 i With respect to other operational creditors outstanding as on the insolvency commencement date, the Company has recognized a gain of INR 56.92 crores on account of extinguishment of such liabilities as an exceptional item in these financial statements. ii In respect of financial Creditors, the Company has recorded interest expense of INR 2237.24 crores for the period prior to the insolvency commencement date as per the terms of the approved Resolution Plan. iii The Company has recorded liability of INR 1042.87 crores in the books of accounts which was not earlier recorded in the books of accounts of the company but admitted by the erstwhile Resolution Professional. 5 Based on the principles set out under Ind AS 108 Operating Segments the Company operates in Construction Contract which is the only reportable segment. Accordingly , the Company is operating in single segment. 6 The Company has continued to follow the same accounting policies in preparation of financial results for the quarter and nine months ended December 31, 2025 as followed in the previous financial year ended March 31, 2025. Further the Company has given effect as per the approved resolution plan mentioned above. 7 On November 21, 2025, the Government of India notified the four Labour Codes the Code on wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, Occupational Safety, Health and Working Conditions Code, 2020 collectively referred to as the New Labour Codes. The Ministry of Labour Employment published draft Central rules and FAQs to enable assessment of the financial impact due to changes in regulations. The management continues to monitor developments if any, in Central State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such development as needed. 8 Comparative figures have been rearranged regrouped wherever necessary. By order of the Board For ARSS Infrastructure Projects Ltd. Date 10th February , 2026 Gopal Krishna Dash Place Bhubaneswar Managing Director DIN 10776309 |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 0.00 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 0.00 | |
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 0.00 | |