Rajeswari Infrastructure Ltd

🔍 Rajeswari Infrastructure Ltd: CIRP Concludes, Auditor Raises Key Concerns

- Corporate Insolvency Resolution Process concluded on January 13, 2026, with NCLT approval of a plan by Mr. Guruswamy Ramamurthy.

- Mr. Sanjay Mehra transitioned from Resolution Professional to Chairman of the new Monitoring Committee on the same date.

- Financial statements for the year ended March 31, 2026, were prepared on a going concern basis.

- Auditor KM KU & Associates issued a disclaimer of opinion due to insufficient audit evidence, citing unverified assets, unreconciled tax balances, and improper accounting of CIRP-admitted liabilities totaling ₹35.34 crore.

- Reported net loss for the year was ₹9.11 lakhs, but potential understatement of losses could be up to ₹222.66 crore if liabilities were properly accounted.

- Challenges included lack of physical verification for inventories and assets, non-compliance with tax deduction rules, and unresolved balances from prior audits.

- Financial results were approved by the Monitoring Committee on May 1, 2026, in compliance with SEBI listing regulations.