New Delhi: Reliance Infrastructure Ltd on Friday said its board has approved the unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, in line with SEBI’s listing regulations, and that these will be published shortly. The approval came at a board meeting held on January 31, 2026.
At the same meeting, the company’s audit committee took up the issue of a letter from statutory auditor Chaturvedi & Shah LLP, which had indicated its intention to resign after completion of the FY26 audit and had filed Form ADT-4. The committee said the reasons cited by the auditor, including the ADT-4 filing, were “incorrect, invalid, illegal and not tenable in law” under the Companies Act, 2013. It added that the auditor has offered to continue for the next two quarters till completion of the statutory audit for FY26.
Chaturvedi & Shah has been the company’s statutory auditor for over five years and, according to the audit committee, has been represented by three different signing partners during this period without raising any fraud-related issues earlier. The committee has advised the company to take appropriate legal steps in the matter.
The auditor’s limited review report on the consolidated results, however, flags material uncertainties at the subsidiary level that could cast significant doubt on the group’s ability to continue as a going concern, even though the financial statements have been prepared on a going-concern basis. It also points to contingent liabilities and retrospective accounting adjustments, while stating that the conclusion is not modified on these matters.
Separately, the filing details ongoing regulatory and investigative actions, including searches by the Enforcement Directorate, provisional attachment of certain properties and bank balances, and notices from SEBI and the SFIO, with the company stating it will take steps as legally advised.
The board meeting commenced at 3:52 pm and concluded at 5:15 pm, the company said in its exchange filing