| <p>ARSS Infrastructure Projects Limited announced that its Share Allotment Committee approved the allotment of 25,00,00,000 (Twenty-Five Crore) 0.01% Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS) of Rs 10/- each, aggregating to Rs 250,00,00,000 (Rupees Two Hundred and Fifty Crore Only), on a private placement basis to Ocean Capital Market Limited, a Promoter of the company. The NCRPS, with a tenure of 22 (Twenty-Two) months, will mature on September 5, 2028, and offer a dividend of 0.01% per annum on a non-cumulative basis, if declared by the board.</p> |