Integrated Filing — IndAS



General information about company
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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment INFRASTRUCTURE / CONSTRUCTIONS
Start date and time of board meeting 28-May-2025   18:00:00
End date and time of board meeting 28-May-2025   20:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. No
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2022-05-03
Indicate Company website link for updated RPT policy of the Company http://arssgroup.in/PDF/ArssPolicy/Related%20Party%20Transaction%20Policy.pdf
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



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 253951000 1653880000
Other income 12943000 63369000
Total income 266894000 1717249000
2 Expenses
(a) Cost of materials consumed 187423000 379407000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -115751000 -163032000
(d) Employee benefit expense 39081000 122526000
(e) Finance costs 0 4523000
(f) Depreciation, depletion and amortisation expense 2443000 9783000
(f) Other Expenses
1 Cost Of Goods/Services Sold 215259000 1284237000
2 Other Expenses 36887000 163374000
Total other expenses 252146000 1447611000
Total expenses 365342000 1800818000
3 Total profit before exceptional items and tax -98448000 -83569000
4 Exceptional items 0 0
5 Total profit before tax -98448000 -83569000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 4332000 11368000
9 Total tax expenses 4332000 11368000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -102780000 -94937000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -102780000 -94937000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -102780000 -94937000
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 227380000 227380000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve -1865235000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -4.52 -4.18
Diluted earnings (loss) per share from continuing operations -4.52 -4.18
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -4.52 -4.18
Diluted earnings (loss) per share from continuing and discontinued operations -4.52 -4.18
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Selected Explanatory Notes to the Standalone Statement of Audited Financial Results for the Quarter and Year Ended On March 31, 2025 n n1. The above Audited Financial Results of the Company for the Quarter and Year ended March 31, 2025 have been approved by the Resolution Professional on May 28, 2025. The Statutory Auditor of the company has reviewed the said result. These results are being published in accordance with Regulation 33 of the SEBI LODR Regulations, 2015. n n2. 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. n n3. A Corporate Insolvency Resolution Process CIRP has been initiated against the Company vide the order no. CPIB No. 34 CB 2021 dated November 30, 2021 of the Hon ble National Company Law Tribunal , Cuttack Bench NCLT under the provisions of the Insolvency and Bankruptcy Code, 2016. Pursant to the order, The powers of the Board of Directors stand suspended and are vested with Mr. Uday Narayan Mitra having Reg. No IBBI IPA 001 IP P00793 2017 18 11360, has been appointed as Resolution Professional RP by the NCLT. The Company continues to operate as going concern. Claims have been received by the IRP or RP and those claims have been processed as per the extant guidelines of IBC. n n4. 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. n n5. The Company has continued to follow the same accounting policies in preparation of financial results for the quarter and year ended March 31, 2025 as followed in the previous financial year ended March 31, 2024. n n6. The figures of the Last quarters ended March 31 2025 and March 31 2024 are the balancing figures between audited figures in respect of the full financial years and the unaudited published years to date figures up to December 31 for respective years which were subjected to limited review by statutory auditors. n n7. There was a search and seizure operation by Enforcement Directorate ED was conducted on 4th October, 2024 at the company s registered office for further enquiry in the matter of Pearl Agro Corporation Limited PACL which is disputed since long. n n8. Comparative figures have been rearranged or regrouped wherever necessary. n n9. The Hon ble Cuttack Bench of NCLT, Odisha has heard the Resolution Plan matter on dated 20th May, 2025 and reserved the order. n n10. The Serious Fraud Investigation Office has initiated into the affairs of the company. n nFor ARSS Infrastructure Projects Ltd. n n n n nDate : 28th May , 2025 Rajesh Agarwal Uday Narayan Mitra nPlace: Bhubaneswar Managing Director Resolution Professional nDIN 00217823 IP Reg. No. IBBI IPA 001 IP P00793 2017 18 11360 nSuspended during CIRP n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 353902000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 2566000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 319130000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 12161446000
Total non-current financial assets 12480576000
Deferred tax assets (net) 50312000
Other non-current assets 0
Total non-current assets 12887356000
2 Current assets
Inventories 663938000
Current financial asset
Current investments 0
Trade receivables, current 91358000
Cash and cash equivalents 195191000
Bank balance other than cash and cash equivalents 165780000
Loans, current 0
Other current financial assets 1178133000
Total current financial assets 1630462000
Current tax assets (net) 219592000
Other current assets 443526000
Total current assets 2957518000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 15844874000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 227380000
Other equity -1865235000
Total equity attributable to owners of parent -1637855000
Non controlling interest
Total equity -1637855000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 0
Provisions, non-current 14641000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 14641000
Current liabilities
Current financial liabilities
Borrowings, current 16278849000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 382615000
Total Trade payable 382615000
Other current financial liabilities 312649000
Total current financial liabilities 16974113000
Other current liabilities 493975000
Provisions, current 0
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 17468088000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 17482729000
Total equity and liabilites 15844874000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -83569000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories -113474000
Adjustments for decrease (increase) in trade receivables, current -5150000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -85505000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 31869000
Adjustments for other financial assets, current 42732000
Adjustments for other bank balances 20444000
Adjustments for increase (decrease) in trade payables, current -212529000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 33449000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 9783000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 32880000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -245501000
Net cash flows from (used in) operations -329070000
Dividends received 0
Interest paid -4523000
Interest received 12081000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -312466000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 3522000
Proceeds from sales of investment property 0
Purchase of investment property 1000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received -12081000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -15604000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 4523000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -4523000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -332593000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -332593000
Cash and cash equivalents cash flow statement at beginning of period 527782000
Cash and cash equivalents cash flow statement at end of period 195189000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M A R S AND ASSOCIATES Yes 31-Jul-2026


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 1717249000 1717249000
2 Total Expenditure 1800818000 1800818000
3 Net Profit/(Loss) -94937000 -94937000
4 Earnings Per Share -4.18 -4.18
5 Total Assets 15844874000 15844874000
6 Total Liabilities 17482729000 17482729000
7 Net Worth -1637855000 -1637855000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) In absence of relevant records, Contract wise surplus loss has neither been ascertained nor recognised in compliance with Ind AS 115 Revenue from contract with customers.
Textual Information(2) Nil
Textual Information(3) Nil
Textual Information(4) For Qualification No. a During the work execution period there is escalation claim, revision of contract value, extention of completion period, etc due to which unpredictable variation in reliable estimation of revenue and cost. Also the allocation of combined opoerating overhead, head office overhead and financial cost is not possible due to combined use or high swapping of resources, size of the contract. Hence financial implication of the qualification is not quantifiable.
Textual Information(5) As per our qualifications


Signatories detail
Name of CEO / Managing director Uday Narayan Mitra
Name of CFO Soumendra Keshari Pattanaik
Name of audit committee chairman Uday Narayan Mitra
Name of statutory auditor Vipul Kumar Gupta
Name of other signatory, if any, with designation
Place Bhubaneswar
Date 28-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 ARSS Infrastructure Projects Limited ARSS Damo Hirapur Tolls Private Limited Subsidiary Advance 0 NA 0 441820000 441820000 Textual Information(1)
2 ARSS Infrastructure Projects Limited ARSS Developers Limited Associate Company Advance 0 NA 0 0 0 Textual Information(2)
3 ARSS Infrastructure Projects Limited Shivam Condev Private Limited Group Company Sale of goods or services 2000000000 Shareholder approved at the Annual general meeting held on 27.09.2022 2625000 0 0 Textual Information(3)
4 ARSS Infrastructure Projects Limited Shivam Condev Private Limited Group Company Purchase of goods or services 2000000000 Shareholder approved at the Annual general meeting held on 27.09.2022 46410000 10185000 0 Textual Information(4)
5 ARSS Infrastructure Projects Limited Shivam Condev Private Limited Group Company Sale of goods or services 2000000000 Shareholder approved at the Annual general meeting held on 27.09.2022 5250000 0 0 Textual Information(5)
6 ARSS Infrastructure Projects Limited Balbhadra Developer Private Limited Group Company Purchase of goods or services 1000000000 Shareholder approved at the Annual general meeting held on 27.09.2022 109875000 7374000 26968000 Textual Information(6)
7 ARSS Infrastructure Projects Limited Balbhadra Developer Private Limited Group Company Sale of goods or services 1000000000 Shareholder approved at the Annual general meeting held on 27.09.2022 0 0 0 Textual Information(7)
8 ARSS Infrastructure Projects Limited ARSS Royal JV Joint Venture/nAssociate Sale of goods or services 250000000 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 64624000 38318000 18721000 Textual Information(8)
9 ARSS Infrastructure Projects Limited ARSS SNKI JV Joint Venture/nAssociate Sale of goods or services 20000000 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 341000 33000 97000 Textual Information(9)
10 ARSS Infrastructure Projects Limited Atlanta ARSS JV Joint Venture/nAssociate Sale of goods or services 250000000 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 0 44812000 44812000 Textual Information(10)
11 ARSS Infrastructure Projects Limited ARSS SCPL JV Joint Venture/nAssociate Advance 250000000 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 0 166283000 166283000 Textual Information(11)
12 ARSS Infrastructure Projects Limited Anil Agarwal Key Management Personnel Remuneration 0 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 0 555000 555000 Textual Information(12)
13 ARSS Infrastructure Projects Limited Sunil Agarwal Key Management Personnel Remuneration 0 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 0 521000 521000 Textual Information(13)
14 ARSS Infrastructure Projects Limited ARSS ATLANTA JV Joint Venture/nAssociate Sale of goods or services 0 Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench NCLT, Under CP IB No. 34 CB 2021, the corporate insolvency resolution process CIRP has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra Reg. No. IBBI IPA001 IP P00793 2017 18 11360 has been appointed as the Resolution Professional IRP via orders number nil dated 30 11 2021. As per Regulation 15 2A and 2B of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. 0 5927000 5927000 Textual Information(14)
Total value of transaction during the reporting period 229125000



Text Block
Textual Information(1) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(2) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(3) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(4) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(5) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(6) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(7) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(8) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(9) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(10) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(11) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(12) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(13) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.
Textual Information(14) Please be informed that pursuant to orders dated November 30, 2021 of the National Company Law Tribunal, Cuttack Bench (NCLT), (Under CP (IB) No. 34/CB/2021), the corporate insolvency resolution process (CIRP) has been initiated against ARSS Infrastructure Projects Limited. As per the section 17 of IBC Code, 2016 the board has been suspended and Shri Uday Narayan Mitra (Reg. No. IBBI/IPA001/IP-P00793/2017q8/11360) has been appointed as the Resolution Professional (IRP) via orders number nil dated 30.11.2021. As per Regulation 15 (2A) and (2B) of SEBI LODR Regulation, 2015, the provision of Regulation 17, 18, 19, 20 and 21 is not applicable during the insolvency resolution process period in respect of listed companies undergoing CIRP under Insolvency Code. The Board and committees thereof has been suspended during CIRP.


Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 16278849000
B Of the total amount outstanding, amount of default as on date 16278849000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 16278849000 Notes: n1. As the Company is presently undergoing Corporate Insolvency Resolution Process (CIRP) as per the provisions of Insolvency and Bankruptcy Code, 2016 (IBC) and the Financial Creditors has submitted their claims as per the provisions of IB Code, 2016. the total admitted claim of Financial Creditors are as below: nS. No. tName of CreditorstClaim Admitted n(Amount in Lacs) n1 CFM Asset Reconstruction Private Limited (State Bank of India)t2,39,852.67 n2 CFM Asset Reconstruction Private Limited (IDBI Bank Ltd.)t21,737.42 n3 CFM Asset Reconstruction Private Limited (Edelweiss ARC)t41,950.79 n4 ICICI Bank Ltd.t4,699.84 n5 CFM Asset Reconstruction Private Limited (Bank of India)t12,695.26 n6 CFM Asset Reconstruction Private Limited (Punjab National Bank)t66,219.85 n7 Kotak Mahindra Bank Ltd.t2,571.38 n8 Invent Assets Securitization and Reconstruction Private Limited (SREI Infrastructure Finance Ltd.)t12,307.80 n9 Invent Assets Securitization and Reconstruction Private Limited (SREI Equipment Finance Limited)t91,978.94 ntTotalt 4,94,013.95 n