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 ....

Rajeswari Infrastructure Ltd, which was admitted into Corporate Insolvency Resolution Process (CIRP) under IBC by NCLT Chennai in May 2023, has submitted the outcome of its Monitoring Committee meeting held on May 1, 2026. The committee approved unaudited standalone financial results for the quarter and half-year ended September 30, 2024. The resolution plan submitted by Mr. Guruswamy Ramamurthy was approved by NCLT on January 13, 2026, concluding the CIRP. A Monitoring Committee has since been constituted to oversee management and operations. The statutory auditor, KMKU & Associates, issued a Disclaimer of Opinion due to: inability to verify assets including PPE, inventories, and intangible assets; lack of physical verification; non-compliance with Ind AS 37 and Ind AS 109 as flagged by the predecessor auditor; non-recovery of Rs. 1,20,80,052 in deposits with a financial creditor; and non-compliance with Income Tax Act provisions. Liabilities admitted under CIRP of Rs. 35.34 crore have been classified as contingent liabilities rather than recognized provisions, which the auditor states results in understatement of losses and provisions by Rs. 22.65 crore. The company reported a net loss of Rs. 3.08 lakh for Q2 and total loss of Rs. 6.12 lakh for H1 FY2025, with negative reserves of Rs. 47.54 lakh. The Monitoring Committee has prepared the financials on a going concern basis.