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Incorporated in 2000, ARSS Infrastructure Projects Ltd is in the business of project execution for various civil and infrastructure projects
Auditors issued a modified opinion on the financial results for the year, citing 708.32 Cr overstatement from arbitration claims and 11.23 Cr incorrect loan interest. Post-insolvency restructuring led to a net loss of over 3,554 Cr. Internal auditors reappointed.
ARSS Infrastructure's statutory auditors, M A R S and Associates, have merged with A D V & Co. LLP. The combined entity, A D V & Co. LLP, will now serve as the company's auditor, signaling a key operational update.
ARSS Infrastructure has dispatched letters to shareholders lacking registered emails, providing access to the FY25 Annual Report and details for its 25th Annual General Meeting. Shareholders can access reports online and should update contact details for future communications.
ARSS Infrastructure (under CIRP) notified physical shareholders to update KYC details with its RTA. Shares will be frozen if not updated. This is vital for dividends and reports. Dematerialization is also advised for market liquidity.