ARSS Infrastructure Projects Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following approval by the Board of Directors at their meeting held on February 10, 2026.

Financial Performance Overview

The company reported mixed financial performance for the third quarter of FY26. Standalone revenue from operations increased significantly to ₹3,825.10 lakhs in Q3 FY26 from ₹1,955.30 lakhs in the corresponding quarter of the previous year, representing a substantial growth in operational activities.

Resolution Plan Implementation

The company successfully completed the implementation of its approved resolution plan following the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT) approved the Resolution Plan submitted by Ocean Capital Market Limited on August 29, 2025.

Key developments under the resolution plan include:

• Settlement of unsustainable debt of ₹4,675.45 crores through issuance of 7.5 crore equity shares
• Assignment of entire admitted claim of Financial Creditors amounting to ₹4,940.14 crores to the Successful Resolution Applicant
• Cash payment of ₹217.69 crores by the Resolution Applicant for debt settlement
• Reconstitution of the Board of Directors on September 29, 2025

Exceptional Items Impact

The company recorded exceptional items totaling ₹3,223.19 crores during the nine-month period, significantly impacting the financial results. These exceptional items comprised:

Capital Structure Changes

The company's paid-up equity share capital increased substantially to ₹9,011.85 lakhs as of December 31, 2025, from ₹2,273.80 lakhs in the previous year. This increase resulted from the equity share issuance as part of the debt settlement under the approved resolution plan.

Consolidated Results

On a consolidated basis, the company reported similar performance trends with revenue from operations of ₹3,825.10 lakhs for Q3 FY26. The consolidated net loss after tax was ₹12.08 lakhs for the quarter, compared to ₹18.37 lakhs loss in Q3 FY25.

Auditor's Review

The statutory auditors, M A R S & Associates, Chartered Accountants, provided a qualified conclusion on both standalone and consolidated results, noting the absence of contract-wise surplus/loss recognition in compliance with Ind AS-115 'Revenue from contract with customers'. The auditors emphasized the debt settlement through equity share issuance as part of the approved resolution plan implementation.

GCCL Infrastructure & Projects Limited has formally notified BSE Limited about an upcoming board meeting scheduled for Tuesday, February 10, 2026. The meeting, convened under Regulation 29 of SEBI (LODR) Regulations, 2015, will address several critical corporate matters including the review of quarterly financial performance and key governance decisions.

Financial Results Review

The primary agenda item involves consideration and approval of the company's unaudited financial results for the quarter ended December 31, 2025, along with the Limited Review Report. This quarterly review represents a crucial milestone for stakeholders seeking insights into the company's Q3FY26 performance.

Corporate Governance Matters

The board will deliberate on significant governance issues during the meeting:

Extra-Ordinary General Meeting Preparations

The board will consider and approve the draft notice for an Extra-Ordinary General Meeting of members to seek necessary approvals for the directorship continuation matter. Additionally, the appointment of a scrutinizer for the e-voting process will be finalized to facilitate the proposed Extra-Ordinary General Meeting.

Trading Window Restrictions

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct, GCCL Infrastructure has implemented trading window restrictions. The trading window for dealing in company securities remains closed for all designated persons and their immediate relatives until 48 hours after the announcement of unaudited financial results for the quarter ended December 31, 2025.

Company Information

GCCL Infrastructure & Projects Limited operates under CIN: L45400GJ1994PLC023416 and trades on BSE with scrip code 531375. The formal notification was signed by Director Amam Shreyans Shah (DIN: 01617245) on February 2, 2026, ensuring compliance with regulatory disclosure requirements.