ARSS Infrastructure to Issue 25 Cr Preference Shares

ARSS Infrastructure Projects Ltd announced a significant corporate action following a Board Meeting on July 23, 2026. The company plans to issue 250,000,000 Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) with a face value of ₹10 each, totaling ₹250 Crore, on a private placement basis to its promoter, Ocean Capital Market Limited. These shares will carry a dividend of 0.01% per annum and are redeemable within 22 months with an Internal Rate of Return (IRR) of 12%. The Board also approved an increase in authorized share capital from ₹110 Crore to ₹500 Crore and appointed Mr. Rajendra Biswal as Company Secretary and Compliance Officer. Shareholder approval is required for the share capital increase and the preference share issuance. A postal ballot will be conducted for shareholder voting.