Pursuant to Regulation 33 of SEBI (LODR) Regulation 2015, we wish to submit the unaudited standalone Financial Results and Limited review Report ssued by Statutory Auditor for the third ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Ltd reported Q3 FY2025 results with negligible revenue of Rs. 0.03 lakh and a net loss of Rs. 3.65 lakh. The company is recovering from Corporate Insolvency Resolution Process (CIRP) under IBC 2016, admitted in May 2023, with its resolution plan approved by NCLT on January 13, 2026. The statutory auditor (KMKU & Associates) issued a Disclaimer of Opinion, refusing to express any assurance on the financial statements. Key concerns include inability to verify assets, inventories, and liabilities due to lack of supporting documentation. The auditor revealed that admitted CIRP liabilities of Rs. 35.34 crore were classified as contingent (not provided), which understates the net loss by approximately Rs. 22.66 crore if properly recognized. Loans and advances of Rs. 1.21 crore may also require write-off.
This is a highly distressed stock with extreme audit risk. The disclaimer of opinion and material under-provisioning of Rs. 22.87 crore in losses (vs reported Rs. 9.72 lakh) suggest the company's true financial position is far worse than presented. Shareholders face significant uncertainty despite the resolution plan approval.