ARSS Infrastructure Projects Limited has secured a work order worth ₹21.47 Cr from the Superintending Engineer, Jagatsinghpur (R&B) Division, for the improvement of a road stretch in the Jagatsinghpur district. The project, awarded under the state plan, involves widening and strengthening the road from Dengapola to Champahat via Jantakothi-Podana-Tandikul, Naulo, and Sorishpokhari, covering a distance of 14.647 km. The order was received by the company on June 23, 2026, through email, following the acceptance of the bid by the Engineer-in-Chief (Roads-I), Odisha.

Project Details and Financials

The contract value is fixed at ₹21,46,82,069.00, which is 28.00% less than the estimated cost of ₹29,81,69,540.00. The project is classified as a domestic order and does not involve any related party transactions. The company is required to complete the work within a period of 16 months from the commencement of the agreement.

Conditions and Requirements

To formalize the agreement, ARSS Infrastructure Projects Limited must attend the office of the Superintending Engineer within seven days from the date of the letter. The company is required to submit a work programme detailing both physical and financial aspects. Additionally, an Additional Performance Security (APS) of ₹55,81,734.00 and an Initial Security Deposit (ISD) of ₹42,93,641.00 must be provided in the form of a Term Deposit Receipt, Bank Guarantee, NSC, KVP, or Post Office Savings Account pledged in favour of the Superintending Engineer.

The agreement will be executed upon fulfilment of these conditions. The company has also been requested to extend the validity of its bid beyond June 28, 2026, until the drawal of the agreement. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

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.