Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we wish to submit the Outcome of the Monitoring ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Ltd has submitted the outcome of its Monitoring Committee meeting held on May 1, 2026, approving Q1 results for quarter ended June 30, 2024. The company emerged from Corporate Insolvency Resolution Process (CIRP) after NCLT approved the resolution plan of Mr. Guruswamy Ramamurthy on January 13, 2026. Revenue was nominal at Rs. 0.05 lakhs with a net loss of Rs. 3.04 lakhs. The Statutory Auditor issued a Disclaimer of Opinion citing multiple material concerns: non-compliance with Ind AS 37 and 109, lack of balance confirmations, unaudited opening balances, unverified tangible/intangible assets, unverified inventories, unreconciled tax balances, and CIRP liabilities of Rs. 35.34 crore classified as contingent liabilities. The company has negative reserves of Rs. 47.54 lakhs and capital employed of negative Rs. 71.74 lakhs, raising going concern doubts.
The disclaimer of opinion from auditors and negative equity position signal significant financial distress despite the resolution plan approval. Shareholders face high risk as the company continues to operate under monitoring with severe accounting uncertainties and material misstatements potentially understated.