Reliance Infrastructure Appoints New Auditors, CEO, CFO, and Eyes ₹3,000 Cr Fundraising
Reliance Infrastructure's Board approved audited results for FY26. New Statutory Auditors (Paresh Rakesh & Associates LLP) and Secretarial Auditors (Vijay S. Tiwari & Associates) appointed. Vijesh Bahu Thota is new CEO, Asheesh Chaturvedi is new CFO. The company plans to raise up to ₹3,000 crore via QIP/FPO.
The appointment of new auditors and key management personnel are significant for corporate governance and operational direction. The plan to raise ₹3,000 crore can impact the company's financial structure and growth prospects. These factors warrant a medium impact assessment.
The announcement details routine board meeting outcomes including financial results, auditor appointments, key management changes, and a fundraising plan. While these are important corporate actions, they do not inherently signal a significant positive or negative shift in the company's immediate outlook.
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.
Key decisions made include the appointment of M/s. Paresh Rakesh & Associates LLP as the new Statutory Auditors to fill a casual vacancy and to hold office for five consecutive years until the conclusion of the 102nd AGM for FY 2030-31, subject to member approval. M/s. Vijay S. Tiwari & Associates were appointed as Secretarial Auditors for a period of five consecutive years from FY 2026-27 to FY 2030-31, also subject to member approval.
In significant management changes, Shri Vijesh Bahu Thota has been appointed as the Chief Executive Officer of the Company, with immediate effect, and has consequently resigned from his position as Chief Financial Officer. Shri Asheesh Chaturvedi has been appointed as the new Chief Financial Officer, effective May 23, 2026.
Furthermore, the Board approved seeking enabling authorization from members for raising funds up to ₹3,000 crore through Qualified Institutions Placement and/or follow-on public offer or a combination thereof. The issue of securities will be subject to necessary permissions and approvals.
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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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