Rajeswari Infrastructure FY22: revenue, audits, AGM

What the latest filings and notices show

Rajeswari Infrastructure Limited has published multiple corporate documents and exchange-related updates spanning its annual reporting, audit commentary, and board meeting disclosures. The material includes an AGM notice to adopt audited accounts, the Board’s Report for FY2021-22, and extracts from independent auditor reporting on Ind AS financial statements. The documents also include references to subsequent compliance filings and publication of financial results in newspapers for FY2023-24.

A snapshot of market data is also referenced alongside these disclosures, including a BSE price point of ₹5.55 as on 24 Sep 2025 at 13:15, a market capitalisation shown as about ₹3 crore, PE ratio shown as 0.00, and ROCE shown as 10.84%. Separately, the company is also described as a small-cap with market cap of ₹2.77 crore under a “Real Estate” category. Since these values appear as screen-style extracts, they should be read as point-in-time platform data rather than audited financial statement line items.

AGM agenda: adoption of accounts and auditor appointment

The notice section in the material includes the standard agenda to “receive, consider and adopt the audited financial statements” for the relevant financial year and take on record the Board of Directors’ report and the statutory auditors’ report. One AGM schedule is referenced for 29-09-2022 (Thursday) at 03:02 p.m., with ordinary business items.

The ordinary business items listed include adopting audited financial statements for the year ended 31-03-2022, and the re-appointment of a director retiring by rotation. The director named is Mr. Guruswamy Ramamurthy (DIN: 00060323), who retires by rotation and, being eligible, offers himself for re-appointment.

Another key item is the re-appointment of M/s N. Sankaran & Co as Statutory Auditors of the Company (FRN: 0035905). The notice states the auditor is to hold office for a period of 5 years from the conclusion of that AGM, up to the conclusion of the AGM to be held in the year 2027, to carry out the statutory audit from the financial year 2022-23.

FY22 performance: turnover, profit, and dividend stance

In the Board’s Report section for the year ended March 31, 2022, the company presented “financial highlights” (amount in lakhs). Income from Operations is stated as 206.30 lakhs for 2021-2022 and 396.27 lakhs for 2020-2021. Normalising to a single unit, this equals ₹2.063 crore in FY22 versus ₹3.9627 crore in FY21.

The same report states that the turnover during the year is 206.30 lakhs and that the company “has made a profit of Rs. 8.75 lakhs”, which equals ₹0.0875 crore. The Board’s Report also states that no dividend is recommended for the financial year ended 31 March 2022.

The report further states that the financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013.

Trend table cited in crores: FY20 to FY22

The material also includes a separate table explicitly labelled “All values are in Crores,” showing revenue, revenue growth, net profit, and profit growth.

These figures appear as platform-style financial summaries and are presented here as they appear in the provided text. They broadly align in scale with the Board’s Report “Income from Operations” numbers for FY22 and FY21 after unit normalisation.

Statutory audit and secretarial audit: what is recorded

The Board’s Report notes that M/s N. Sankaran & Co, Chartered Accountants, Chennai, submitted their audit report, and that the observations are “self-explanatory” and “do not call for any further comments,” subject to referenced points in an annexure.

The Secretarial Audit section states that the Secretarial Audit Report confirms compliance with provisions of the Act, rules, regulations and guidelines, while also stating that the report contains “qualifications, reservations or adverse remarks or disclaimers.” It adds that management is taking steps to correct the observations.

Audit language in the material: disclaimer references

Separately, the provided text includes audit language indicating a “Basis for Disclaimer of Opinion,” stating the auditors were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the standalone financial statements. It further states that they were unable to obtain all information and explanations necessary for the purposes of the audit, and that due to the effects or possible effects of the matters described, they were unable to state whether the financial statements comply with Ind AS under section 133.

This disclaimer-style text appears in the compilation alongside other auditor reporting and should be read as part of the overall audit narrative included in the provided material.

Exchange and compliance trail: board meetings and publications

The text references multiple BSE-related filings and events. It records that the company informed BSE about a board meeting scheduled on 26/05/2023 to consider and approve audited financial results for the quarter and year ended 31st March, 2023. It also states that at the board meeting held on 26th May 2023, the board approved the audited financial results for the quarter and year ended 31st March, 2023.

It also references a filing “pursuant to Regulation 33” enclosing unaudited financial results for the quarter ended June 30, 2023 along with a Limited Review Report.

A separate entry dated 10/03/2025 references a compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018. Another disclosure states that audited financial results for the year ended March 31, 2024 were published in Financial Express (English) and Makkal Kural (Tamil) pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015.

FY24 audit revision and a high-value revenue note

The provided text includes a note dated Mar 31, 2024 stating that the audit report on Ind AS standalone financial statements for FY2023-24, approved by the Board on May 28, 2024, was revised in light of comments made in supplementary audit carried out by the Comptroller and Auditor General of India (CAG) under section 143(6) of the Companies Act, 2013.

The same block of text also refers to revenue recognition up to March 31, 2024, stating that management believes contract execution pending “test bed final approval” is not impacting revenue already recognised up to March 31, 2024, to an aggregate extent of Rs. 1,48,686.48 lakhs. Normalised, this equals ₹1,486.8648 crore. The auditor text states reliance on management representations and that no independent opinion is expressed on such revenue recognised.

Other audit annexure points and an old tax dispute reference

The annexure-style audit content includes operational assertions such as maintenance of proper records for fixed assets and inventory and mentions that the company did not raise money by IPO or further public offer during the year referenced in that annexure. It also states that no material fraud by the company or on the company by its officers or employees was noticed or reported during the course of the audit.

The material includes a line item on a dispute regarding income tax assessment for AY 2007-08 with an amount of 25.26 lakhs (₹0.2526 crore), with a note stating it includes Rs. 31.79 lakhs paid under protest.

Market snapshot cited alongside filings

The text includes a BSE price snapshot showing ₹5.55 as on 24 Sep 2025 at 13:15. It also shows market cap ₹3 crore, PE ratio 0.00, and ROCE 10.84%. Another platform line describes the company as a small-cap with a market cap of ₹2.77 crore.

Because these values are shown as excerpted “key stats,” they should be treated as screen-captured indicators rather than audited financial metrics. Still, together with the corporate filings, they provide context on how the company is being tracked on market platforms.

Conclusion

Rajeswari Infrastructure’s disclosed material spans AGM business items, FY22 operating income and profit, and audit and secretarial audit commentary included in its annual reporting set. It also shows a steady cadence of BSE-related submissions around audited and unaudited results, including newspaper publication for FY2023-24 results. The AGM notice also records the proposed re-appointment of M/s N. Sankaran & Co for a five-year term up to the 2027 AGM, aligning with the company’s stated audit continuity plan.