Reliance Infrastructure Limited reported financial results for the quarter and year ended March 31, 2026. The board approved major leadership transitions, including the appointment of Shri Vijesh Bahu Thota as CEO and Shri Asheesh Chaturvedi as CFO. Furthermore, the company announced plans to raise up to ₹3,000 crore through the issuance of equity shares or other eligible securities to strengthen its capital base and support future growth initiatives.
Strategic Leadership Changes
Following the company’s board meeting on May 23, 2026, Reliance Infrastructure announced a significant leadership restructuring. Shri Vijesh Bahu Thota, who served as the company’s CFO and Executive Director since 2022, has been appointed as the Chief Executive Officer. Consequently, he has resigned from his position as CFO. To ensure a seamless transition, Shri Asheesh Chaturvedi has been appointed as the new Chief Financial Officer, effective immediately.
Fundraising Initiatives
To support its long-term strategic goals and operational requirements, the board has authorized the company to raise capital up to ₹3,000 crore. This funding is intended to be executed through the issuance of equity shares, equity-linked instruments, or other eligible securities. The capital will be raised via a Qualified Institutions Placement (QIP), a follow-on public offer, or a combination of these methods, subject to member and regulatory approvals.
Auditor Appointments
The board also approved the appointment of M/s Paresh Rakesh & Associates LLP as the new Statutory Auditors of the company to fill a casual vacancy, covering the period up to the conclusion of the 102nd Annual General Meeting. Additionally, M/s. Vijay S. Tiwari & Associates has been appointed as the Secretarial Auditors for a five-year term, spanning FY 2026-27 to FY 2030-31.
Financial Overview
For the year ended March 31, 2026, the company recorded a total income of ₹20,862.03 crore on a consolidated basis. Despite significant operational challenges and ongoing litigation, the management emphasized its commitment to maintaining the company’s ‘Going Concern’ status. The company continues to actively engage in the restructuring of debt and the monetization of assets to navigate current liquidity requirements and long-term financial obligations.
Source: BSE
