Pursuant to Regulation 33 of SEBI (LODR), we wish to submit the unaudited standalone financial results and limited review report issued by statutory Issued by the statutory auditor for ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Limited submitted its Q2 and H1 FY2025 results under Regulation 33. The company emerged from Corporate Insolvency Resolution Process (CIRP) in January 2026, with a Monitoring Committee now overseeing operations. The statutory auditor issued a Disclaimer of Opinion, unable to certify the financial statements due to multiple unresolved issues carried forward from the predecessor auditor's Qualified Opinion, including non-compliance with Ind AS 37 and Ind AS 109, lack of balance confirmations, and material uncertainty over going concern. The auditor also flagged that CIRP liabilities of Rs. 35.34 crore were classified as contingent instead of being recognised as provisions, which understates provisions and net loss by approximately Rs. 22.66 crore. Physical verification of tangible assets and inventories was not completed. Financially, the company has negligible revenue (Rs. 0.06 lakh for H1), negative reserves of Rs. 47.54 lakh, and negative other equity of Rs. 628.11 lakh.
The disclaimer of opinion and unresolved CIRP-related accounting issues signal significant risk. The company's financial statements lack auditor assurance, and the Rs. 22.66 crore understatement of liabilities could materially worsen reported losses. Shareholders should be cautious given the ongoing going concern uncertainty and negative equity.