This disclosure informs Bombay Stock Exchange about the appointment of a new statutory auditor for Rajeswari Infrastructure Limited following the company's exit from Corporate Insolvency Resolution Process (CIRP).
The company was admitted into CIRP under the Insolvency and Bankruptcy Code, 2016 pursuant to an NCLT order dated May 10, 2023. During this period, the powers of the Board of Directors were suspended and exercised by Resolution Professional Mr. Sanjay Mehra.
The resolution plan submitted by Mr. Guruswamy Ramamurthy was approved by NCLT vide order dated January 13, 2026. Upon this approval, the CIRP concluded and Mr. Sanjay Mehra ceased to act as Resolution Professional effective January 13, 2026.
Pursuant to Clause 16.1(f) of the approved Resolution Plan and Paragraph 10.6 of the NCLT Order, during the Interim Period until handover on the Effective Date, all voting rights and incidental rights of existing shareholders remain suspended, denuded and unavailable. All decisions regarding company affairs are undertaken by the Monitoring Agency/Monitoring Committee constituted under the approved Resolution Plan.
A Monitoring Committee has been constituted for implementation and supervision of the Resolution Plan, with Mr. Sanjay Mehra appointed as Chairman of this Committee.
The Monitoring Committee, in its meeting held on March 28, 2026, approved the appointment of M/s KMKU & Associates, Chartered Accountants (FRN-030836N), a peer reviewed firm bearing no 021926, as Statutory Auditor of the Company for a period of five consecutive years from the year 2024 to 2029.
The reason for appointment is to comply with the Companies Act, 2013 and SEBI LODR Regulations requirements.
Auditor Profile
M/s. KMKU & Associates, Chartered Accountants is a multidisciplinary firm established in 2016 with expertise in Statutory Audit, Internal Audit, Tax Audit, Due Diligence, Transaction Advisory, Valuation, GST Advisory, Regulatory Compliances and Financial Consulting. The firm is registered with ICAI and is Peer Reviewed (Peer Review Certificate No. 021926). The firm has experience handling audit assignments of corporate entities including listed entities, infrastructure companies, and transaction advisory engagements. The firm is also empanelled as a stock auditor with The Jammu & Kashmir Bank Limited for financial years 2025-26 to 2027-28.