Corporate Action23 Jul 2026, 06:10 pm
ARSS Infrastructure Boosts Authorized Capital to ₹500 Cr
AI Summary
ARSS Infrastructure Projects Ltd announced a significant increase in its authorized share capital from ₹110 Crore to ₹500 Crore. This expansion includes ₹230 Crore in Equity Shares and ₹270 Crore in Preference Shares. The company's Board of Directors also approved the appointment of Mr. Rajendra Biswal as the new Company Secretary and Compliance Officer. Additionally, the board approved material related party transactions and the offer of non-cumulative non-convertible redeemable preference shares to promoter Ocean Capital Market Limited, subject to shareholder approval. A postal ballot will be conducted for shareholder consent on these proposals, with remote e-voting commencing July 31, 2026.
Key Highlights
- Authorized capital increased from ₹110 Cr to ₹500 Cr.
- New equity and preference share components detailed.
- Mr. Rajendra Biswal appointed Company Secretary & Compliance Officer.
- Related party transactions and preference share issuance approved.
- Shareholder approval sought via postal ballot and e-voting.
Price Impact
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