Outcome of Board Meeting
RELINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliance Infrastructure Limited reported audited consolidated results for Q4 and FY2025-26. Total income was Rs 20,862 crore vs Rs 23,999 crore in prior year, showing revenue decline. Net profit after tax was Rs 2,900 crore (down from Rs 4,938 crore), but results were propped up by regulatory income of Rs 4,964 crore. Before regulatory activities, the company reported a loss of Rs 1,701 crore. The outgoing auditor Chaturvedi & Shah LLP issued a Disclaimer of Opinion citing inability to confirm financials due to: Rs 4,706 crore exposure to Economic Rights with uncertain recovery, ongoing ED/SCN/SFIO investigations regarding suspected fraud via CLE Private Limited, and going concern issues at multiple subsidiaries including Mumbai Metro One (net loss Rs 1,277 crore, negative net worth Rs 3,957 crore). The Board also approved appointment of new statutory auditors Paresh Rakesh & Associates LLP, new CEO Vijesh Babu Thota, new CFO Asheesh Chaturvedi, and authorized raising funds up to Rs 3,000 crore.
The disclaimer of opinion from auditors and multiple going concern warnings signal serious financial distress. Shareholders should be cautious as the company faces regulatory investigations, subsidiary-level losses, and declining core revenues despite regulatory support.