Rajeswari Infrastructure Limited has submitted a regulatory disclosure regarding the appointment of a Secretarial Auditor following the conclusion of its Corporate Insolvency Resolution Process (CIRP).
The company was admitted into CIRP under the Insolvency and Bankruptcy Code, 2016 pursuant to an order dated May 10, 2023, passed by the National Company Law Tribunal (NCLT). Under Section 17 of the Code, the powers of the Board of Directors were suspended and exercised by the Resolution Professional, Mr. Sanjay Mehra, who was appointed by the NCLT.
The resolution plan submitted by Mr. Guruswamy Ramamurthy was approved by the NCLT vide order dated January 13, 2026. Upon this approval, the CIRP of the company stood concluded, and Mr. Sanjay Mehra ceased to act as the Resolution Professional with effect from January 13, 2026.
Pursuant to the terms of the approved resolution plan, a Monitoring Committee (referred to as "the Management") has been constituted. In terms of Section 20 of the Code, the management and operations of the company were overseen by the erstwhile Resolution Professional from the commencement of CIRP until the date of approval of the resolution plan. Subsequently, Mr. Sanjay Mehra has been appointed as Chairman of this Monitoring Committee.
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable SEBI Circulars, the Monitoring Committee in its meeting held on May 19, 2026, appointed M/s. Sulabh Jain & Associates, Company Secretaries, as the Secretarial Auditor of the company for the Financial Year 2024-25.
Annexure A Details:
Reason for change: Appointment to comply with the Companies Act, 2013 and the requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Date of appointment and term: May 19, 2026. The appointment shall be for conducting Secretarial Audit for the Financial Year 2024-2025.
Brief profile: CS Sulabh Jain (Proprietor) is a Peer Reviewed Member of Institute of Company Secretaries of India (ICSI) with Membership Number: A43607 and COP No.: 18254. He has significant experience in the field of Corporate Laws, Foreign Exchange Management Act (FEMA), Securities and Exchange Board of India (SEBI), Stock Exchanges, Due Diligences and Secretarial Audit.
Relationships between directors: Not Applicable (NA)
The disclosure references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024.