ARSS Infrastructure Projects Ltd will consider raising funds through the issuance of securities during its board meeting scheduled for July 23, 2026. The board intends to evaluate a proposal to raise capital by way of a private placement of Non-Convertible, Non-Cumulative redeemable preference shares.

The meeting is being convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed the exchanges that the trading window is currently closed for directors, promoters, designated persons, connected persons, and their immediate relatives.

Key Meeting Details

The intimation was submitted to the Bombay Stock Exchange and the National Stock Exchange of India Limited on July 20, 2026. Gopal Krishna Dash, Managing Director of ARSS Infrastructure Projects Limited, signed the disclosure.

ARSS Infrastructure Projects Limited has secured a work order valued at Rs 52,65,86,417.62 from East Coast Railway for the construction of a Road Over Bridge (ROB). The project involves building a bridge with a 60.0 m Camel Back Type Truss Girder and a 24 m composite girder for the railway portion, along with approach spans using RCC (Reinforced Cement Concrete) girders. The infrastructure development will take place at Railway Km 491/17-19 between Paradeep and Paradeep Port End stations on the Cuttack-Paradeep line under Khurda Road Division.

Contract Details and Timeline

The Letter of Acceptance, dated July 15, 2026, specifies a completion period of 24 months from the date of issue. The company is required to submit a Performance Guarantee equivalent to 10% of the contract value, amounting to Rs 5,26,58,641.76, within 21 days from the date of the letter. An initial Security Deposit of Rs 1,26,06,300, previously deposited as Earnest Money, has been retained by the authority.

Project Scope

The scope of work encompasses the construction of the railway portion in lieu of Level Crossing CP-55 and the approach portions on both the PPL Gate side and PPL Plant side. The project is estimated under Estimate No. RSP/16/2026 and is chargeable to SF, RRSK & CAP : PH-30. The executing authority has been advised to exercise caution regarding variations to ensure the contract remains valid.

Financial and Regulatory Disclosures

The order was awarded to the domestic entity, ARSS Infrastructure Projects Limited, following a tender process. The company confirmed that the transaction does not involve any interest from the promoter group and does not qualify as a related party transaction. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The key contract parameters are summarised below: