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:

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 at an Extraordinary General Meeting (EGM) held on June 9, 2026, ensuring continuity of the audit function for the company.

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, necessitating the new appointment to comply with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors had initially approved the appointment of M/s A D V AND CO LLP via a circular resolution on March 10, 2026, based on the recommendation of the Audit Committee. The resolution put to shareholders sought approval for the firm to hold office from March 10, 2026, until the conclusion of the 26th Annual General Meeting.

Voting Results

The resolution was passed as an Ordinary Resolution with the requisite majority. A total of 21,99,633 votes were polled, representing 2.44% of the outstanding shares. The detailed voting pattern is summarized below:

The EGM was conducted through video conferencing, with 42 shareholders present. Remote e-voting was facilitated by the National Securities Depository Limited (NSDL) from June 5 to June 8, 2026. M/s Sunita Jyotirmoy & Associates were appointed as the scrutinizer for the voting process.