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's Monitoring Committee approved unaudited standalone financial results for Q3 ended December 31, 2024, showing a net loss of Rs. 9.21 lakh for the quarter and Rs. 10.57 lakh for nine months. The company emerged from Corporate Insolvency Resolution Process (CIRP) when NCLT approved the resolution plan by Mr. Guruswamy Ramamurthy on January 13, 2026. The Monitoring Committee, chaired by former Resolution Professional Mr. Sanjay Mehra, oversaw preparation of financials on a going concern basis. However, the Statutory Auditor issued a disclaimer of opinion citing multiple issues: non-compliance with Ind AS standards, inability to verify assets/inventories, and CIRP claims of Rs. 35.34 crore being incorrectly classified as contingent liabilities instead of provisions. If properly accounted for, the company would report a net loss of approximately Rs. 22.87 crore instead of Rs. 10.57 lakh.
The disclaimer of opinion and material accounting discrepancies indicate significant financial reporting risks. Shareholders should be cautious as the company's true financial position remains unclear due to unresolved asset verification and improper liability recognition under the approved resolution plan.