Pursuant to Reg 30 and 33 of SEBI LODR 2015, we wish to submit the outcome of the Monitoring Committee''s meeting held on 01st May 2026 to consider and approve the following: 1. Unaudited ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Ltd submitted Q2 and half-year financial results (ended September 30, 2025) after emerging from Corporate Insolvency Resolution Process (CIRP), which concluded in January 2026 when NCLT approved the resolution plan by Mr. Guruswamy Ramamurthy. A Monitoring Committee now oversees operations. The company reported minimal revenue of Rs. 0.06 lakhs for the half year with a net loss of Rs. 6.07 lakhs. The Statutory Auditor issued a Disclaimer of Opinion citing serious concerns including non-compliance with accounting standards, inability to verify assets, inventories and liabilities. CIRP admitted liabilities of Rs. 35.34 crore were classified as contingent liabilities rather than provisions, resulting in the net loss being understated by Rs. 22.66 crore.
The ongoing disclaimer of opinion and severe accounting irregularities indicate high financial reporting risk. Shareholders should be aware that the company's financial health may be significantly worse than reported, with material uncertainties over asset valuations and actual liability levels.