Reliance Infrastructure’s Board has approved the unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. Auditors, Chaturvedi & Shah LLP, have expressed concerns regarding economic rights of shareholding in Odisha Discoms. Company’s Q3 revenue stood at ₹4,903.13 crore. They also highlighted ongoing proceedings by the Enforcement Directorate (ED) and a notice from the Serious Fraud Investigation Office (SFIO).
Financial Performance Highlights
Reliance Infrastructure (RInfra) announced its unaudited consolidated financial results for the quarter ended December 31, 2025. Key figures include:
- Revenue: Total Income stood at ₹4,903.13 crore.
Auditor’s Review and Concerns
Chaturvedi & Shah LLP, the company’s auditors, have issued a review report that mentions ongoing scrutiny:
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They highlight Reliance Infrastructure’s exposure to the economic rights of shareholding in Odisha Discoms.
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They were not able to determine the recovery of the Economic Rights.
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The auditors also draw attention to ongoing proceedings by the Enforcement Directorate (ED), a Show Cause Notice (SCN) issued by the Securities and Exchange Board of India (SEBI).
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The outcome of these proceedings is currently uncertain.
Board Meeting Outcome
The board of directors approved the unaudited financial results at a meeting held on January 31, 2026. The company will publish the results in newspapers as per listing regulations.
Auditor Resignation Intent
The audit committee addressed a letter received from Chaturvedi & Shah LLP, where they shared their intent to resign as Statutory Auditors after the statutory audit for the financial year ending March 31, 2026. The Audit Committee mentioned reasons cited by the Statutory Auditors were incorrect and invalid.
Subsidiaries, Joint Ventures, and Associates
The statement includes financial results from various subsidiaries, joint ventures, and associates. There has been significant activity in this area, including the addition and removal of entities from Reliance Infrastructure’s roster of subsidiaries, joint ventures, and associates.
The Auditors of the Company have also mentioned the classification of certain entities to be closely monitored.
Source: BSE
