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. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rajeswari Infrastructure Ltd submitted Q1 FY25 (June 2025) standalone financial results following the conclusion of its Corporate Insolvency Resolution Process (CIRP). The company was admitted into CIRP on May 10, 2023, and the resolution plan by Mr. Guruswamy Ramamurthy was approved by NCLT on January 13, 2026. The Monitoring Committee, chaired by erstwhile Resolution Professional Mr. Sanjay Mehra, approved these results. Total income was merely Rs. 0.03 lakh with a net loss of Rs. 3.02 lakh for the quarter. The statutory auditor issued a Disclaimer of Opinion citing inability to verify opening balances, incomplete physical verification of assets and inventories, non-compliance with Ind AS 37 and 109, and classification of Rs. 35.34 crore CIRP liabilities as contingent (which could understate losses by Rs. 22.66 crore). The financial statements were prepared on a going concern basis despite these material uncertainties.
Shareholders should be cautious as the auditor's disclaimer raises serious concerns about financial statement reliability. The company remains in recovery mode post-insolvency with significant governance and accounting issues unresolved, making the stock highly speculative with substantial downside risks.