ARSS Infrastructure Projects Ltd has appointed Mr. Avisek Agarwalla as the Chief Executive Officer (CEO) of its subsidiary, ARSS Damoh Hirapur Tolls Private Limited, effective July 1, 2026. The appointment aims to strengthen the leadership within the subsidiary to oversee its operations and project execution efficiently.

The Board of Directors of ARSS Damoh Hirapur Tolls Private Limited approved the appointment during a meeting held on Wednesday, July 1, 2026. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Avisek Agarwalla, aged about 29 years, is a Commerce Graduate with eight years of industry experience. His background includes serving as a manufacturing and operations leader, with specific expertise in managing crusher plants and executing large-scale road and railway infrastructure projects.

Profile of the Appointee

Agarwalla’s expertise encompasses planning, coordinating, and monitoring project execution to ensure timely completion. He also possesses strong liaison skills with government departments, regulatory authorities, and local administrative officials to secure necessary approvals and address project-related matters.

ARSS Infrastructure Projects Limited has secured a work order worth ₹51,60,48,602.44 from East Coast Railway for the construction of a Road Over Bridge. The project, located on the Khurda-Puri line under Khurda Road Division, involves building a composite girder bridge and approach spans between stations Motari and Kanas Road. The contract was formally awarded through a Letter of Acceptance dated June 29, 2026.

Project Details and Contract Terms

The scope of work includes the construction of a Road Over Bridge featuring a composite girder for the railway portion and reinforced concrete cement girders for the approach sections on both the Jatani and Puri sides. The project is situated at Railway KM 464/31-33. The entire work must be completed within a period of 24 months from the date of the Letter of Acceptance.

Financial and Security Requirements

The total contract value is fixed at ₹51,60,48,602.44. As per the terms, an initial Security Deposit of ₹1,22,94,400 has been retained from the Earnest Money deposited via YES Bank Limited. The company is required to furnish a Performance Guarantee equivalent to 10% of the contract value, amounting to ₹5,16,04,860.24, within 21 days from the date of the Letter of Acceptance. Failure to submit the guarantee within the stipulated timeframe may attract penal interest at 12% per annum or result in contract termination.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Gopal Krishna Dash, Managing Director of ARSS Infrastructure Projects Limited, confirmed the development in the regulatory filing.