Auditors Ka Disclaimer: Financials Par Bara Sawal
Chalo, pehle sabse critical baat karte hain. Reliance Infra (RInfra) ne Q3 FY26 ke results toh announce kar diye, lekin asal khabar unke statutory auditors, Chaturvedi & Shah LLP, ke disclaimer mein hai. Unhone seedha keh diya hai ki unhe koi bhi sufficient aur appropriate evidence nahi mila hai jisse woh financial statements par apna conclusion de sakein. Iska matlab hai ki company ke numbers par ab bada shak hai.
Numbers Kya Kehte Hain? (Par Auditor Ne Maan Nahi Kiya)
Financials ki baat karein toh, company ka consolidated income 14.7% YoY gir kar ₹4,362.61 crore ho gaya. Lekin ek interesting point yeh hai ki consolidated Profit Before Tax (PBT) pehle ₹3,194.58 crore ke loss mein tha, woh ab ₹307.11 crore ka profit ban gaya hai. Yeh improvement mostly exceptional items ki wajah se hai, jo ₹1,529.57 crore ke the. Lekin standalone operations ka loss toh aur badh gaya, ₹165.60 crore ho gaya Q3 FY26 mein.
Fraud Ke Aarop Aur Regulatory Chakravyuh
Auditors ke resign karne aur disclaimer dene ka sabse bada reason hai fraud ke allegations, regulatory probes, aur kai subsidiaries ki 'going concern' uncertainties. Kuch subsidiaries toh CIRP (Corporate Insolvency Resolution Process) ya NCLT proceedings mein hain. Company ka audit committee zaroor keh raha hai ki auditors ke reasons galat hain, par jab auditors hi safai se numbers ko verify nahi kar paa rahe, toh baat bahut serious ho jaati hai.
Iska matlab hai ki EPS jaisi cheezein jo ₹0.27 (consolidated Q3 FY26) hain, woh bhi unreliable hain. Company ka future bhi bahut risky lag raha hai. SEBI, ED, aur SFIO jaise agencies apni jaanch kar rahi hain. Aur subsidiaries ki jo financial problems hain, woh aur bhi bade problem create kar sakti hain.
Agar aap investors hain, toh bhai sahab, bahut hi zyada caution bartein. Jab tak figures clear na ho jayein aur yeh regulatory issues solve na ho jayein, tab tak bada nuksaan hone ka risk hai.