RCOM Board Approves Audited FY26 Results & Recommends New Auditors
Reliance Communications Limited's Board approved audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026. The Board also recommended M/s. E.A. Patil & Associates LLP as the new Statutory Auditors for a five-year term, subject to shareholder approval at the 22nd AGM.
The approval of financial results and the recommendation for a new auditor are significant corporate actions. However, the company's status under insolvency resolution process tempers the immediate market impact.
The announcement reports on routine financial results and auditor appointment, which are standard corporate actions. The company's ongoing insolvency process limits the immediate positive or negative impact of these announcements.
Reliance Communications Limited (RCOM) announced the outcome of its Board of Directors meeting held on May 29, 2026. The Board considered and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. These results, along with the auditors' report and a statement on audit qualifications, have been enclosed with the filing.
It was noted that the Company is currently under corporate insolvency resolution process, with its affairs managed by the resolution professional, Mr. Anish Niranjan Nanavaty. The meeting of directors was chaired by the RP, who took on record the financial results based on management certifications.
Furthermore, the Board recommended the appointment of M/s. E.A. Patil & Associates LLP, Chartered Accountants, as the new Statutory Auditors. This recommendation, following approval from the Audit Committee and the Committee of Creditors (CoC) on May 27, 2026, is for a term of five consecutive years, commencing from the conclusion of the upcoming 22nd Annual General Meeting (AGM) until the conclusion of the 27th AGM in 2031, subject to shareholder approval. The current auditors, M/s. Pathak H.D. & Associates LLP, will complete their term at the conclusion of the 22nd AGM.
The meeting commenced at 11:24 A.M. and concluded at 15:37 P.M.
What to do with a filing like this
Reliance Communications Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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