ARSS Infrastructure Projects Limited, a listed entity currently under the Corporate Insolvency Resolution Process (CIRP), has formally notified the stock exchanges regarding the convening of its 43rd Committee of Creditors (CoC) meeting. The company made this disclosure through an official filing dated August 27, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant clauses of Schedule III that mandate updates on key insolvency proceedings.

The 43rd CoC meeting is scheduled to take place on Friday, August 29, 2025, at 03:00 PM. As per the disclosure, the meeting will involve the Committee of Creditors (CoC), who are the primary decision-making body during insolvency proceedings. The CoC plays a crucial role in reviewing proposals, approving resolutions, and taking strategic decisions regarding the revival, restructuring, or liquidation process of the company.

Significance of the CoC Meeting

The CoC meetings are critical milestones in the Insolvency and Bankruptcy Code (IBC), 2016 framework, as they provide a platform for creditors to deliberate on the financial and operational condition of the corporate debtor. In the case of ARSS Infrastructure Projects Limited, these meetings decide the future course of action, whether it involves identifying a resolution applicant, approving a resolution plan, or considering other options permissible under the insolvency framework.

Given that this is the 43rd meeting, it reflects the extended nature of proceedings, which often happens in complex cases involving large infrastructure projects, multiple creditors, and significant financial obligations. Such prolonged processes typically require detailed evaluations, negotiations with stakeholders, and compliance with judicial directives from the National Company Law Tribunal (NCLT).

ARSS Infra’s CIRP Journey

ARSS Infrastructure Projects Limited, headquartered in Bhubaneswar, Odisha, has been facing financial challenges leading to its admission into the Corporate Insolvency Resolution Process. Over the course of the insolvency proceedings, the company has been conducting regular CoC meetings, each addressing updates on the status of the resolution process, reviewing financial statements, considering interim financing needs, and evaluating potential resolution plans, if any.

The disclosure made to BSE (Scrip Code: 533163) and NSE (Symbol: ARSSINFRA) ensures compliance with transparency norms. This allows shareholders, investors, and other stakeholders to remain informed about the progress of the insolvency case.

Importance of Disclosure under SEBI Regulations

Under Regulation 30 of SEBI LODR, companies undergoing insolvency are obligated to disclose material events, including the scheduling of CoC meetings, as they are deemed significant developments impacting investors and creditors. The inclusion of this notice aligns with sub-clause 16(g) of Clause A of Part A of Schedule III, which specifically mentions updates relating to the corporate insolvency resolution process as material disclosures.

Outlook for Investors and Stakeholders

For investors in ARSS Infra, these proceedings continue to hold importance as the outcome of the CIRP will directly determine the company’s future trajectory. A successful resolution plan could revive operations and unlock value, while prolonged proceedings or liquidation could affect the recovery prospects of creditors and shareholders.

While the disclosure does not detail the specific agenda of the 43rd meeting, such meetings typically involve reviewing resolution plans, updates from the Resolution Professional (RP), discussions on legal and financial developments, and voting by creditors on critical matters.

Conclusion

The announcement of the 43rd CoC meeting of ARSS Infrastructure Projects Limited marks another step in the company’s ongoing insolvency resolution journey. The meeting scheduled for August 29, 2025, at 3:00 PM, highlights the continued involvement of creditors in shaping the future of the company. With compliance to SEBI’s disclosure requirements, ARSS Infra ensures transparency in updating stock exchanges, investors, and stakeholders on the status of its insolvency process.

This development underscores the importance of regulatory disclosure in maintaining trust and accountability during corporate insolvency proceedings. The outcome of the meeting will be closely monitored by creditors, regulators, and market participants, as it will provide direction on the possible resolution or restructuring of ARSS Infra.

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