Copy of updated cash flow statement along with financial results ended on 30.09.2024
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Ltd has resubmitted its cash flow statement for Q2 FY2025 (ended September 30, 2024) after BSE raised format concerns. The company reported negligible revenue of Rs 0.01 lakh for the quarter and a net loss of Rs 3.08 lakh. The key concern is that the auditor issued a 'Disclaimer of Opinion' citing inability to verify opening balances, assets, inventories, and tax compliance. The company was under CIRP from May 2023, with a Resolution Plan approved by NCLT in January 2026. Auditor flagged that Rs 35.34 crore in CIRP liabilities was incorrectly classified as contingent instead of being provided for, understating provisions by Rs 22.66 crore. The company has negative equity of Rs 75.02 lakh and total liabilities of Rs 1,391.72 lakh against assets of Rs 1,316.70 lakh.
This is a high-risk investment with severe concerns about financial statement reliability. The disclaimer of opinion, negative equity, and material misstatements in liabilities make this stock unsuitable for retail investors. The company is under monitoring committee management post-CIRP.