Pursuant to regulation 33 of SEBI LODR 2015, we wish to submit the unaudited standalone financial result and limited review report issued by the Statutory Auditor for the quarter ended 30th June 2025
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Rajeswari Infrastructure Ltd reported a net loss of Rs. 3.02 lakhs for Q1 FY26, marginally improved from Rs. 3.04 lakhs loss in Q1 FY25. Total income was Rs. 0.03 lakhs. The company is under new management after completing a Corporate Insolvency Resolution Process (CIRP) - a resolution plan was approved by NCLT in January 2026. The statutory auditor has issued a 'Disclaimer of Opinion' instead of a standard review, citing severe limitations: inability to verify assets/inventories, non-compliance with accounting standards, improper classification of Rs. 35.34 crore of CIRP liabilities as contingent (should be recognized as provisions), and potential recoverability issues on Rs. 1.21 crore of loans. Had proper provisions been made, the net loss would be Rs. 22.87 crore instead of the reported figure. Reserves are negative at Rs. 47.54 lakhs and capital employed is negative at Rs. 81.04 lakhs.
The disclaimer of opinion is a serious red flag indicating the financial statements cannot be relied upon. Shareholders should exercise extreme caution as the company's financial position is materially uncertain despite management's assertion of going concern.