Rajeswari Infrastructure Limited has released its unaudited standalone financial results for the quarter and half year ended September 30, 2024. The company reported a net loss of ₹3.08 lakhs for the quarter, with total income from operations recorded at ₹0.01 lakhs. For the half year ended September 30, 2024, the net loss stood at ₹6.12 lakhs on a total income of ₹0.06 lakhs.

Financial Performance Overview

The operational performance for the quarter and half year ended September 30, 2024, reflects subdued activity. The equity share capital remained constant at ₹553.09 lakhs, while reserves (excluding revaluation reserves) were reported at (₹47.54) lakhs. The Earnings Per Share (EPS) on a diluted basis was (₹0.06) for the quarter and (₹0.11) for the half year ended September 30, 2024.

The following table summarises the key financial metrics for the reported periods (all figures in lakhs):

Regulatory Compliance and Approvals

The unaudited standalone financial results were approved by the Members of the Monitoring Committee at their meeting held on May 1, 2026. The results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013. Previous period figures have been regrouped, rearranged, or reclassified wherever necessary.

The full format of the financial results is available on the BSE Limited website and the company's website. The filing was signed by Sanjay Mehra, Chairman of the Monitoring Committee, dated May 2, 2026, from Chennai.

Rajeswari Infrastructure Limited has reported audited standalone financial results for the quarter and year ended March 31, 2026, showing a net loss of ₹4.26 lakhs for Q4FY26 and ₹13.05 lakhs for the full year FY26. The company continues to operate under a Monitoring Committee following the conclusion of its Corporate Insolvency Resolution Process (CIRP) on January 13, 2026. The audited financial results were submitted to BSE on May 3, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FY26 Financial Performance Analysis

The annual results demonstrate continued operational challenges with minimal revenue from operations. The company reported a net loss of ₹13.05 lakhs for FY26 compared to ₹9.11 lakhs loss in the previous year. For Q4FY26, the company reported a net loss of ₹4.26 lakhs with total income of ₹0.02 lakhs.

Total assets stood at ₹1,302.74 lakhs as of March 31, 2026, while total liabilities amounted to ₹1,393.82 lakhs, resulting in negative capital employed of ₹91.08 lakhs.

Regulatory Submission and Corporate Governance

The audited financial results were approved by the Monitoring Committee on May 1, 2026, with Chairman Sanjay Mehra providing digital authorization. The statement was circulated on April 24, 2026, with approvals from the Successful Resolution Applicant (SRA) on April 27, 2026, and Religare Finvest Limited on April 29, 2026.

The company was admitted into CIRP under the Insolvency and Bankruptcy Code, 2016, on May 10, 2023, which suspended the Board of Directors' powers. The resolution plan submitted by Mr. Guruswamy Ramamurthy was approved by the National Company Law Tribunal (NCLT) on January 13, 2026, concluding the CIRP process.

Segment-wise Performance Breakdown

The company operates across three business segments: House Construction, Service Apartments, and Offset Printing. All segments continued to report nil revenue from operations in FY26, with unallocable income of ₹0.09 lakhs.

Auditor's Disclaimer and Critical Concerns

K M K U & Associates, Chartered Accountants, issued a disclaimer of opinion on the audited financial results, citing inability to obtain sufficient appropriate evidence regarding various financial statement elements. The auditor highlighted several critical concerns that could have material and pervasive impact on the financial statements.

The auditor noted significant departures from accounting standards, including non-recognition of admitted claims as liabilities and continued carrying of potentially irrecoverable deposits. The company has not conducted physical verification of inventories or impairment assessment of tangible and intangible assets.

Going Concern Assessment and Operational Challenges

Despite the challenges, the Monitoring Committee has prepared the financial statements on a going concern basis following the approved resolution plan. The auditor noted that no material uncertainty exists casting doubt over the company's ability to continue as a going concern. However, significant operational challenges persist with nil revenue from operations across all business segments and continued losses in FY26. The financial statements have been prepared in accordance with Indian Accounting Standard 34 for interim financial reporting.