Reliance Infra Appoints New Auditors, CEO, CFO; Plans ₹3,000 Crore Fundraising
Reliance Infrastructure Limited's board approved audited financial results for FY ended March 31, 2026. New statutory auditors and secretarial auditors were appointed. Vijesh Bahu Thota is the new CEO, and Asheesh Chaturvedi is the new CFO. The company plans to raise up to ₹3,000 crore via Qualified Institutions Placement and/or FPO.
The appointment of new auditors and key management personnel are significant internal changes. The plan to raise ₹3,000 crore through equity issuance can have a substantial impact on the company's capital structure and future growth prospects.
The announcement details routine corporate actions such as financial result approval, auditor appointments, and management changes. While the fundraising plan is significant, the overall tone is factual and devoid of strong positive or negative indicators.
Reliance Infrastructure Limited announced the outcome of its Board Meeting held on May 23, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026. M/s. Paresh Rakesh & Associates LLP have been appointed as the new Statutory Auditors to fill a casual vacancy and will hold office until the conclusion of the ensuing Annual General Meeting (AGM), and thereafter for five consecutive years until the conclusion of the 102nd AGM for FY 2030-31, subject to member approval. M/s. Chaturvedi & Shah LLP ceased to be the Statutory Auditors from the close of business hours on May 23, 2026. Additionally, M/s. Vijay S. Tiwari & Associates have been appointed as Secretarial Auditors for five consecutive years from FY 2026-27 to FY 2030-31, subject to member approval. The company also announced key management changes: Shri Vijesh Bahu Thota has been appointed as the Chief Executive Officer, with immediate effect, and has consequently ceased to be the Chief Financial Officer. Shri Asheesh Chaturvedi has been appointed as the new Chief Financial Officer, effective May 23, 2026. Furthermore, the Board has sought enabling authorization from members to raise funds up to ₹3,000 crore through the issuance of equity shares and/or other eligible securities to qualified institutional buyers via a Qualified Institutions Placement and/or follow-on public offer, or a combination thereof. The Board meeting commenced at 4:36 PM and concluded at 5:55 PM.
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Reliance Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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See the model portfoliosA plain-language summary of a public exchange filing by Reliance Infrastructure Limited. Read the original for the full detail.