ARSS Infrastructure Projects: Company Secretary Resigns; Replacement Sought

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AuthorRiya Kapoor|Published at:
ARSS Infrastructure Projects: Company Secretary Resigns; Replacement Sought
Overview

ARSS Infrastructure Projects Ltd. has accepted the resignation of Mr. Prakash Chhajer, its Company Secretary and Compliance Officer, effective April 27, 2026. Chhajer cited pre-occupation and an alternate career path for his departure. The company is now actively seeking a replacement for this key managerial role, as it continues efforts to stabilize operations post-Corporate Insolvency Resolution Process (CIRP) and following past regulatory scrutiny.

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ARSS Infrastructure Projects Company Secretary Resigns; Replacement Sought

ARSS Infrastructure Projects Ltd. has announced the resignation of Mr. Prakash Chhajer from his roles as Company Secretary and Compliance Officer. His departure is effective April 27, 2026.

Mr. Chhajer cited 'pre-occupation and an alternate career path' as the reasons for his resignation. The company has stated it is actively engaged in identifying and appointing a suitable candidate to fill this key position.

The Company Secretary and Compliance Officer roles are crucial for maintaining adherence to statutory regulations and corporate governance. Their function is vital for transparency, managing stakeholder communications, and ensuring operations remain within legal frameworks.

This leadership transition occurs as ARSS Infrastructure Projects continues to focus on stabilizing its operations. The company successfully emerged from a Corporate Insolvency Resolution Process (CIRP) in September 2025, after a resolution plan was implemented by new management. This revival followed earlier regulatory challenges, including SEBI imposing penalties and market bans in November 2021 for financial misrepresentation and misuse of funds. The company's CIRP was initiated on November 30, 2021, with a plan approved by the NCLT on August 29, 2025.

Shareholders will be closely monitoring the company's progress in filling this vacancy swiftly. A timely appointment is essential to avoid disruptions in regulatory compliance and internal controls, especially given the company's history of past regulatory issues and the ongoing need for strong corporate governance.

ARSS Infrastructure Projects operates in the competitive infrastructure development sector. Its peers include major players like Larsen & Toubro Ltd., Rail Vikas Nigam Ltd. (RVNL), IRB Infrastructure Developers Ltd., and Kalpataru Projects International Ltd. (KPIL), as well as KEC International Ltd. in related segments.

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