Pursuant to regulation 33 of SEBI LODR 2015, we wish to submit the Audited Standalone Financial Result and Auditor Report for the quarter ended on 31 March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Ltd has filed its audited standalone financial results for Q4 and FY ended March 2026. The company, which emerged from Corporate Insolvency Resolution Process (CIRP) with its resolution plan approved by NCLT on January 13, 2026, has reported negligible revenue from operations (Rs. 0.02 lakhs for Q4) with net loss of Rs. 4.58 lakhs for Q4 and Rs. 13.05 lakhs for the full year. Total assets stand at Rs. 1,302.74 lakhs against total liabilities of Rs. 1,393.82 lakhs, resulting in negative equity of Rs. 91.08 lakhs. The statutory auditor, KMKU & Associates, has issued a Disclaimer of Opinion citing multiple material issues: inability to verify opening balances from predecessor auditor, non-compliance with Ind AS 37 and Ind AS 109, unverified inventories, unresolved CIRP liabilities (Rs. 35.34 crore classified as contingent liabilities), and non-recoverability concerns on loans and advances. The financial statements have been prepared on a going concern basis by the Monitoring Committee.
This is a highly concerning filing — the auditor has disclaimed opinion entirely rather than qualifying it, indicating fundamental inability to verify financial statements. With CIRP liabilities of Rs. 35.34 crore improperly classified and net loss potentially understated by Rs. 22.66 crore, shareholders face extreme risk. The company has negative equity and negligible revenue, making the stock highly speculative.