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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has shared an announcement.
Reliance Infrastructure Limited has announced that its statutory auditor, Chaturvedi & Shah LLP, has expressed its intention to resign after completing the statutory audit for the financial year ending 31 March 2026, though it has offered to continue for the next two quarters to complete that audit. The auditor’s resignation follows a show cause notice issued by SEBI alleging irregularities including misutilisation and diversion of funds, concealment of the company’s relationship with CLE Private Limited, and suspected fraudulent transactions, as well as related investigations by various authorities. Reliance Infrastructure has strongly disputed the reasons cited for the resignation and the filing of the relevant regulatory form, calling them incorrect and not legally tenable, and has indicated it will pursue appropriate legal steps, setting up a potential confrontation between the company and its long-standing audit firm that could heighten regulatory and investor scrutiny over its governance and financial practices.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited is an Indian infrastructure and utilities company with interests spanning power generation and distribution, engineering and construction, and urban infrastructure projects. Listed on both the BSE and NSE, the company is part of the Reliance Group and operates across multiple infrastructure segments that are critical to India’s urban and industrial development.
Average Trading Volume: 311,233
Technical Sentiment Signal: Sell
Current Market Cap: 57.72B INR
Learn more about RELINFRA stock on TipRanks’ Stock Analysis page.