Announced Sun, 3 May · 23:21 IST

Pursuant to regulations 30 & 33 of SEBI (LODR) Regulations 2015, we wish to submit the outcome of the monitoring committee meeting held on 01.05.2026 to consider and approve the following: 1. ....

Nclt Resolution ApprovedRegulatory & Legal View source PDF

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AI summary

Rajeswari Infrastructure Limited has released its audited standalone financial results for Q4 and the full year ended March 31, 2026, following a Monitoring Committee meeting on May 1, 2026. The company emerged from a Corporate Insolvency Resolution Process (CIRP) under IBC 2016; its resolution plan was approved by NCLT on January 13, 2026, and a Monitoring Committee has since overseen management. For the quarter, total income was Rs 0.02 lakh (vs Rs 5.02 lakh in Q4 FY25), and the net loss was Rs 4.58 lakh. For the full year, total income was Rs 0.09 lakh (vs Rs 5.08 lakh in FY25) and net loss was Rs 13.05 lakh. The company has a negative other equity of Rs 644.17 lakh and total assets of Rs 1302.74 lakh. The statutory auditor, KMKU & Associates, has issued a Disclaimer of Opinion, citing multiple material issues: inability to verify opening balances, non-compliance with Ind AS 37 and Ind AS 109, lack of physical verification of inventories and assets, tax compliance failures (TDS non-deduction), and improper recognition of CIRP-related liabilities (Rs 35.34 crore classified as contingent instead of provisioned). The auditor estimates that net loss and provisions are understated by Rs 22.66 crore. The financial statements were prepared on a going-concern basis despite these uncertainties.

Likely market impact

The disclaimer of opinion flags pervasive material misstatements and governance gaps. The company has negative equity, very low revenue, and unresolved accounting for admitted CIRP claims. Shareholders and investors should treat this filing with extreme caution as the financial statements lack audit credibility and the underlying books remain significantly non-compliant with accounting standards.