ARSSINFRA2024-07-012024-09-30 ARSSINFRA2024-07-012024-09-30 ARSSINFRA2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member ARSSINFRA2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member ARSSINFRA2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member ARSSINFRA2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member ARSSINFRA2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 533163 ARSSINFRA NOTLISTED ARSS Infrastructure Projects Limited Equity 2024-04-01 2025-03-31 2024-11-14 2024-11-05 INR Lakhs Half yearly 17:30:00 18:15:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable Single segment INFRASTRUCTURE / CONSTRUCTIONS 2024-07-01 2024-09-30 Unaudited Consolidated 336646000.00 28047000.00 364693000.00 49232000.00 0.00 -73419000.00 28814000.00 20000.00 2447000.00 353352000.00 360446000.00 4247000.00 0.00 4247000.00 0.00 -1112000.00 -1112000.00 0.00 5359000.00 0.00 0.00 0.00 6441000.00 11800000.00 0.00 11800000.00 0.00 0.00 227380000.00 10 0.52 0.52 0.00 0.00 0.52 0.52 0.00 0.00 0.00 Selected Explanatory Notes to the Consolidated Statement of Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2024 1. The above Unaudited Financial Results of the Company for the Quarter and Half Year ended September 30, 2024 have been approved by the Resolution Professional on November 14, 2024. 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. A Corporate Insolvency Resolution Process(CIRP) has been initiated against the Company vide the order no. CP(IB) 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/RP and those claims have been processed as per the extant guidelines of IBC. 4. 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. 5. As at 30th September 2024, the ARSS Group consolidation comprises of the following: Sl. No. Name of the Entity Relationship 1 ARSS Infrastructure Projects Limited Holding Company 2 ARSS Damoh Hirapur Tolls Private Limited Subsidiary Company 3 ARSS Developers Limited Associate Company 4 ATLANTA-ARSS JV Joint Venture 5 ARSS-SCPL JV Joint Venture 6 ARSS LGPPL JV Joint Venture 7 ARSS BDPL JV Joint Venture 8 ARSS THAKUR JV Joint Venture 9 ARSS SNKI JV Joint Venture 10 ARSS ROYAL JV Joint Venture 11 SCPL ARSS JV Joint Venture 6. The financials of ARSS BMS JV, ARSS Technocom Priyashi Aashi JV, ARSS SIPS JV, ARSS KKMPL JV & ARSS NTLLP JV is prepared by the JV partner, the profit/loss for the current period is considered in the statement as certified by the management. 7. The Company has continued to follow the same accounting policies in preparation of unaudited financial results for the quarter and half year ended September 30, 2024 as followed in the previous financial year ended March 31,2024. 8. Comparative figures have been rearranged / regrouped wherever necessary. For ARSS Infrastructure Projects Ltd. Date : 14th November, 2024 Rajesh Agarwal Uday Narayan Mitra Place: Bhubaneswar Managing Director ( Resolution Professional ) DIN : 00217823 IP Reg. No .: IBBI/IPA-001/IP- P00793/2017-18/11360 (Suspended during CIRP) Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 1204399000.00 39263000.00 1243662000.00 179998000.00 0.00 -34319000.00 56429000.00 4523000.00 4860000.00 1018442000.00 1229933000.00 13729000.00 0.00 13729000.00 0.00 2714000.00 2714000.00 0.00 11015000.00 0.00 0.00 0.00 8158000.00 19173000.00 0.00 19173000.00 0.00 0.00 227380000.00 10 0.84 0.84 0.00 0.00 0.84 0.84 0.00 0.00 0.00 Cost of Goods/Services Sold 321584000.00 Other Expenses 31768000.00 Cost of Goods/Services Sold 921917000.00 Other Expenses 96525000.00 400000.00 357835000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32511000.00 0.00 0.00 12830914000.00 12863425000.00 58966000.00 2597000.00 13282823000.00 601037000.00 0.00 106944000.00 200832000.00 221871000.00 0.00 769900000.00 1299547000.00 277152000.00 383129000.00 2560865000.00 0.00 0.00 15843688000.00 227380000.00 -1825561000.00 -1598181000.00 -1597781000.00 0.00 0.00 0.00 0.00 14641000.00 0.00 0.00 0.00 14641000.00 16285274000.00 392698000.00 288059000.00 16966031000.00 460797000.00 0.00 0.00 0.00 17426828000.00 0.00 0.00 17441469000.00 15843688000.00 0.00 -50573000.00 -20736000.00 0.00 -25108000.00 0.00 -25688000.00 9145000.00 -35647000.00 -202725000.00 0.00 270000.00 0.00 4860000.00 0.00 0.00 0.00 8058000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8158000.00 -329986000.00 -316257000.00 0.00 -4523000.00 5343000.00 0.00 0.00 -306391000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2564000.00 0.00 8158000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5343000.00 0.00 0.00 0.00 -16065000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4523000.00 0.00 0.00 -4523000.00 -326979000.00 0.00 -326979000.00 527811000.00 200832000.00