Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011

• Security Code: 533163
• Company: ARSSINFRA

Subash Agarwal has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE

Name of the Target Company (TC) : ARSS Infrastructure Projects Ltd
Name of the Promoter(s) on whose shares encumbrance was created/ invoked/ released : Subash Agarwal
Date of reporting : October 31, 2011
Names of the stock exchanges where the shares of the target company are listed : BSE & NSE

Details of the promoters’ holding
Promoter (s) or PACs with him : Subash Agarwal

Pre-event holding
Number : 11,73,500
% of total share capital : 7.91%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Release
Date (s) : October 28, 2011

Post event holding (encumbered shares to be excluded)
Number : 11,73,500
% of total share capital : 7.91%

(*) Details of encumbrance (pledge/lien or others)
9,24,395 shares were pledged in favour of IFCI Ltd which has been released on October 28, 2011.