ARSS Infrastructure: CS resigns effective 27 Apr 2026

Key disclosure at a glance

ARSS Infrastructure Projects Limited has informed stock exchanges about the resignation of its Company Secretary and Compliance Officer, Mr. Prakash Chhajer (FCS-8473). The company said the resignation is effective from April 27, 2026. According to the disclosure, the resignation was submitted through an email dated March 7, 2026. Mr. Chhajer cited pre-occupation and alternate career opportunities as the reasons. The Board of Directors has accepted the resignation. ARSS Infrastructure also said it is in the process of identifying and hiring a suitable replacement and will update the exchanges once the position is filled.

What ARSS Infrastructure said in its filing

The company’s disclosure identifies Mr. Prakash Chhajer (FCS-8473) as the departing executive. His role was stated as Company Secretary and Compliance Officer, and he has also been referenced as Chief Investor Relations Officer in the provided material. ARSS Infrastructure stated that regulatory disclosures were made to BSE and NSE. The filing referenced Regulation 30 compliance requirements for making such disclosures. The company did not provide a specific timeline for the appointment of a successor. It added that it would complete necessary formalities related to the resignation “in due course.”

Timeline: submission and effective date

A notable point in the disclosure is the gap between the resignation submission and the effective date. ARSS Infrastructure stated that the resignation was sent by email on March 7, 2026. The resignation then takes effect from April 27, 2026. The company also stated that the Board accepted the resignation through a resolution passed via circulation. This indicates the decision was taken without a physical board meeting, using the circulation mechanism that companies commonly use for time-sensitive approvals.

Reasons cited by the outgoing Company Secretary

ARSS Infrastructure attributed the resignation to two reasons stated by Mr. Chhajer. The first was “pre-occupation,” and the second was “alternate career opportunities” or an “alternate career path.” The disclosure did not cite any governance dispute, regulatory action, or operational disagreement linked to the decision. It also did not mention any interim arrangement for compliance oversight during the transition. The company’s communication remained limited to factual, procedural details.

Board action and the recruitment plan

The company said the Board of Directors has accepted the resignation. Acceptance was done through a resolution passed via circulation, as mentioned in the disclosure. ARSS Infrastructure also stated it is actively recruiting a suitable replacement for the Company Secretary and Compliance Officer position. It committed to informing the stock exchanges once the vacancy is filled. From a compliance standpoint, the Company Secretary role is central to exchange filings and corporate governance processes, so investors typically track how quickly a successor is appointed.

Regulatory context: why Regulation 30 matters

The disclosure references filings under Regulation 30, which is used for reporting material events to stock exchanges. Senior management changes, including compliance leadership roles, are commonly disclosed under this framework. ARSS Infrastructure said it has made the required disclosures to both BSE and NSE. The filing did not provide any additional attachments in the provided text beyond the resignation and acceptance details. It also did not report any financial or operational impact linked to the resignation.

Company profile and contact details shared

ARSS Infrastructure Projects Limited operates from its registered office at Plot No-38, Sector-A, Zone-D, Mancheswar Industrial Estate, Bhubaneswar-751010, Odisha. The disclosure includes the corporate email address cs@arssgroup.in and phone number 91-06742602763. A fax number, 0674-2585074, is also listed in the provided material. The company website is referenced as http://www.arssgroup.in. Separately, the provided text also mentions an address at ARSS Mall, Community Centre Plot No.40, Block-A, Paschim Vihar, New Delhi 110063, along with phone number +91 11 2525 2024.

Wider governance context referenced in the material

The provided text contains additional governance-related information beyond the resignation item. It states that at a Monitoring Committee Meeting held on September 29, 2025, the company approved appointments and changes in board composition, and that these actions were effective September 29, 2025. The same section references an order of the Hon’ble NCLT, Cuttack Bench dated 29.08.2025, and mentions removal of the existing composition of the Board of Directors as per that order.

The material also includes a corporate-status line stating that ARSS Infrastructure Projects Limited’s current status is “Under Liquidation.” This point is presented as part of company master or registry-style information in the text provided. The resignation disclosure itself, as presented, focuses on the role change and the company’s next steps for replacement.

Secretarial audit reference for FY2025

Another governance datapoint in the provided material relates to secretarial audit. The company stated it appointed M/s Sunita Jyotirmoy & Associates, Practicing Company Secretaries in Bhubaneswar, to conduct Secretarial Audit for the financial year ended March 31, 2025, under Section 204 of the Act and related rules. While this is separate from the resignation disclosure, it provides context that the company has referenced secretarial compliance processes in its reported information.

What it can mean for investors and stakeholders

A Company Secretary and Compliance Officer typically oversees exchange disclosures, statutory filings, and compliance controls. A change in this role is therefore relevant to shareholders tracking corporate governance continuity. In this case, ARSS Infrastructure has stated that it has already made the required exchange disclosures and that the Board has formally accepted the resignation. It has also stated it is searching for a replacement and will notify the exchanges after appointment.

The provided text does not include any stock price movement, trading impact, or operational disruption related to the resignation. It also does not specify whether an interim compliance officer has been designated. Any assessment of market reaction would therefore be outside the disclosed information.

Key facts table

Conclusion

ARSS Infrastructure Projects has formally disclosed that Company Secretary and Compliance Officer Prakash Chhajer will step down effective April 27, 2026, after submitting his resignation on March 7, 2026. The Board has accepted the resignation via a circular resolution, and the company has said it is actively recruiting a replacement. The next confirmed milestone from the company is an update to stock exchanges once the vacancy is filled.