ARSS Infrastructure Projects Ltd has closed its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. The restriction is part of the company's code of conduct to regulate, monitor, and report trading by insiders, as mandated by SEBI (Prohibition of Insider Trading) Regulations, 2015.

The trading window will reopen 48 hours after the company announces its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, to the stock exchanges. This measure ensures compliance with regulatory norms to prevent insider trading during the period of financial result preparation and declaration.

Key Details

The closure applies to all designated persons and their immediate relatives, prohibiting them from dealing in the company's shares during the specified period. The company has informed the Bombay Stock Exchange and National Stock Exchange of this development.

ARSS Infrastructure Projects Limited has appointed M/s A D V AND CO LLP as its statutory auditor to fill a casual vacancy arising from the merger of its former auditor, M/s M A R S & Associates. The appointment was approved by shareholders through an Extra Ordinary General Meeting (EGM) held on June 9, 2026, via video conferencing. The resolution received 99.99995% of the votes cast, with 21,99,632 shares voting in favour and 1 share voting against.

The casual vacancy occurred after M/s M A R S & Associates informed the company on February 25, 2026, that it had merged with M/s A D V AND CO LLP effective February 11, 2026, following approval from the Institute of Chartered Accountants of India (ICAI). Consequently, the previous firm ceased to exist and could not continue as the statutory auditor. The Board of Directors had initially approved the appointment of M/s A D V AND CO LLP on March 10, 2026, subject to shareholder ratification.

Voting Results

The voting was conducted through remote e-voting and e-voting during the EGM. The remote e-voting period commenced on June 5, 2026, and concluded on June 8, 2026. A total of 60 members participated in the voting process.

Meeting Proceedings

The EGM was chaired by Shri Dipti Ranjan Patnaik, Chairman of the Company, and attended by Shri G. K. Dash, Managing Director, and other independent directors. The meeting commenced at 11:30 A.M. and concluded at 11:53 A.M. The quorum was declared present through video conferencing in compliance with Section 103 of the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

M/s Sunita Jyotirmoy & Associates, Company Secretaries, acted as the scrutinizer for the voting process. The scrutinizer's report confirmed that the resolution was duly passed with the requisite majority. The appointment of M/s A D V AND CO LLP is effective until the conclusion of the 26th Annual General Meeting of the Company.