Pursuant to Regulation 33 of SEBI (LODR) 2015, we wish to submit the unaudited standalone financial results and limited review report issued by the statutory auditor for the quarter ended 30.06.2024.

Rajeswari Infrastructure Ltd submitted its Q1 FY2025 results under Regulation 33 of SEBI (LODR). The company emerged from Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with its resolution plan approved by NCLT on January 13, 2026, after being admitted to CIRP on May 10, 2023. A Monitoring Committee now oversees operations. Revenue for the quarter was negligible at Rs. 0.05 lakh (down from Rs. 5.73 lakh in Q1 FY2024), with a net loss of Rs. 3.04 lakh. The auditor issued a Disclaimer of Opinion — the most serious audit flag — citing inability to obtain sufficient appropriate evidence on opening balances, asset existence/valuation, inventory verification, tax balances, CIRP liabilities, and loan recoverability. The predecessor auditor had issued a Qualified Opinion for FY2024 citing non-compliance with Ind AS 37 and 109, lack of balance confirmations, and going concern uncertainty. Claims admitted under CIRP of Rs. 35.34 crore were classified as contingent liability instead of being recognised as actual provisions — a departure from accounting standards. If proper provisions had been made, the net loss would have been Rs. 22.87 crore instead of the stated amount.