5003902026-01-012026-03-315003902026-03-315003902025-03-315003902025-04-012026-03-315003902026-01-012026-03-31in-capmkt:OtherExpenses1Member5003902026-01-012026-03-31in-capmkt:OtherExpenses2Member5003902026-01-012026-03-31in-capmkt:OtherExpenses3Member5003902026-01-012026-03-31in-capmkt:OtherExpenses4Member5003902025-04-012026-03-31in-capmkt:OtherExpenses1Member5003902025-04-012026-03-31in-capmkt:OtherExpenses2Member5003902025-04-012026-03-31in-capmkt:OtherExpenses3Member5003902025-04-012026-03-31in-capmkt:OtherExpenses4Member5003902026-03-31OtherNoncurrentFinancialAssetsDomain15003902026-03-31OtherNoncurrentAssetsDomain15003902026-03-31OtherNoncurrentAssetsDomain25003902026-03-31OtherNoncurrentAssetsDomain35003902026-03-31OtherCurrentFinancialAssetsDomain15003902026-03-31OtherCurrentAssetsDomain15003902026-03-31OtherNoncurrentFinancialLiabilitiesDomain15003902026-03-31OtherNoncurrentFinancialLiabilitiesDomain25003902026-03-31OtherNoncurrentLiabilitiesDomain15003902026-03-31OtherCurrentFinancialLiabilitiesDomain15003902026-03-31OtherCurrentFinancialLiabilitiesDomain25003902026-03-31OtherCurrentLiabilitiesDomain15003902026-01-012026-03-31in-capmkt:ReportableSegments1Member5003902026-01-012026-03-31in-capmkt:ReportableSegments2Member5003902026-01-012026-03-31in-capmkt:ReportableSegments3Member5003902026-01-012026-03-31in-capmkt:ReportableSegments4Member5003902025-04-012026-03-31in-capmkt:ReportableSegments1Member5003902025-04-012026-03-31in-capmkt:ReportableSegments2Member5003902025-04-012026-03-31in-capmkt:ReportableSegments3Member5003902025-04-012026-03-31in-capmkt:ReportableSegments4Member5003902026-01-012026-03-31in-capmkt:ReportableSegments1Member5003902026-01-012026-03-31in-capmkt:ReportableSegments2Member5003902026-01-012026-03-31in-capmkt:ReportableSegments3Member5003902026-01-012026-03-31in-capmkt:ReportableSegments4Member5003902025-04-012026-03-31in-capmkt:ReportableSegments1Member5003902025-04-012026-03-31in-capmkt:ReportableSegments2Member5003902025-04-012026-03-31in-capmkt:ReportableSegments3Member5003902025-04-012026-03-31in-capmkt:ReportableSegments4Member5003902026-01-012026-03-31in-capmkt:ReportableSegments1Member5003902026-03-31in-capmkt:ReportableSegments1Member5003902026-01-012026-03-31in-capmkt:ReportableSegments2Member5003902026-03-31in-capmkt:ReportableSegments2Member5003902026-01-012026-03-31in-capmkt:ReportableSegments3Member5003902026-03-31in-capmkt:ReportableSegments3Member5003902026-01-012026-03-31in-capmkt:ReportableSegments4Member5003902026-03-31in-capmkt:ReportableSegments4Member5003902026-01-012026-03-31in-capmkt:ReportableSegments1Member5003902026-03-31in-capmkt:ReportableSegments1Member5003902026-01-012026-03-31in-capmkt:ReportableSegments2Member5003902026-03-31in-capmkt:ReportableSegments2Member5003902026-01-012026-03-31in-capmkt:ReportableSegments3Member5003902026-03-31in-capmkt:ReportableSegments3Member5003902026-01-012026-03-31in-capmkt:ReportableSegments4Member5003902026-03-31in-capmkt:ReportableSegments4Member5003902026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15003902026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25003902025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15003902025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25003902026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15003902025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15003902026-01-012026-03-31AuditorDomain15003902026-01-012026-03-31in-capmkt:AuditedMember5003902026-03-31in-capmkt:AuditedMember5003902026-01-012026-03-31in-capmkt:AdjustedMember5003902026-03-31in-capmkt:AdjustedMember5003902026-01-012026-03-31OtherFinancialItemDomain1in-capmkt:AuditedMember5003902026-01-012026-03-31OtherFinancialItemDomain1in-capmkt:AdjustedMember5003902026-01-012026-03-31AuditQualification15003902026-01-012026-03-31AuditQualification25003902026-01-012026-03-31AuditQualification3iso4217:INRiso4217:INRxbrli:shares500390RELINFRANOTLISTEDINE036A01016RELIANCE INFRASTRUCTURE LIMITEDMain BoardEquity2025-04-012026-03-312026-05-232026-05-17INRCroresQuarterlyFourth quarterMulti segment2026-05-2316:36:002026-05-2317:55:00trueCash Flow IndirectStatement on impact of audit qualification2026-01-012026-03-31AuditedConsolidated40012800000153060000041543400000939800000003209500000347900000034971000004307330000054198700000-12655300000-4961000000-17616300000-6406100000293100000-61130000002916980000017666500000000-126500000016401500000-180000001638350000091807000007220800000-18000000040867000001022.4722.440022.4722.442025-04-012026-03-31AuditedConsolidated2044053000004215000000208620300000385370000000124517000001660440000014658600000178064300000225632700000-1701240000010334700000-6677700000-635220000086000000-62662000004964000000049228500000000-84520000048383300000-54200000483291000002900228000019381000000-51200000-3000000408670000010071.4471.410071.4471.41Cost of Power Purchase32856800000Construction Material Consumed and Sub-Contracting Charges539900000Late Payment Surcharge3995600000Other Expenses5681000000Cost of Power Purchase138571100000Construction Material Consumed and Sub-Contracting Charges2399300000Late Payment Surcharge16470200000Other Expenses20623700000101767400000841570000007675000007425830000039858000000010171030000068710000033000003436400000105837100000260000025897000002976241000001522300000148330000011815600000170898000004946700000241620000068051000004455670000006397200000524762000001421820000034728390000071160240000040867000001746385000001787252000001121558000002908810000001372010000001774000001774000005382800000067725500000554850000025639000002407310000099911000000343182000008295000001714942000001723237000005227840000025892030000023642800000215558000006868000000304805700000160047000000420721400000711602400000Other Financial Assets3436400000Right Of Use Assets1324800000Non-Current Tax Assets (net)413000000Other Non - current Assets851900000Other Financial Assets6805100000Other Current Assets6397200000Other Financial Liabilities52712200000Lease Liabilities1115800000Other Non - current Liabilities24073100000Other Financial Liabilities52065300000Lease Liabilities213100000Other Current Liabilities23642800000Power Business63896400000Engineering and Construction Business628300000Infrastructure Business3486900000Others1171000000Power Business232535500000Engineering and Construction Business2372200000Infrastructure Business14289200000Others4848400000691826000002540453000000069182600000254045300000Power Business22557400000Engineering and Construction Business144400000Infrastructure Business615500000Others104700000Power Business63875200000Engineering and Construction Business31300000Infrastructure Business1448700000Others4142000002342200000065769400000347900000016604400000838950000062027000001155350000042962300000Power Business461795800000Engineering and Construction Business29532900000Infrastructure Business91206500000Others3742500000586277700000125324700000711602400000Power Business220092500000Engineering and Construction Business21250100000Infrastructure Business53368900000Others213740000029684890000023602830000053287720000016604400000262300000-48124200000000000-6567600000000146586000000-26800000-645900000001695400000021954000006610000000049640000000002536690000018689200000000-10085000003920600000236183000000000000014294000001693300000000000000000000000025894000000180500000-12733700000002250000000000000998200000028560000021860000073852000000-2124300000-17745700000-68611000000-68611000002403740000017176300000Remeasurement of net defined plans: Gains/(Loss)62400000Net Movement in Regulatory Deferral Account balances related to OCI-63600000-1200000Remeasurement of net defined plans: Gains/(Loss)14900000Net Movement in Regulatory Deferral Account balances related to OCI-40900000-260000006000001600000Foreign Currency Translation Loss-16200000-16200000Foreign Currency Translation Loss-26600000-2660000000-18000000-54200000AuditedDisclaimer of opinionChaturvedi and Shah LLPtrue2026-06-30258260300000258260300000215298000000215298000000290003000002900030000071.4471.44711602400000711602400000532877200000532877200000178755300000178755300000Total EquityTotal Equity290881000000290881000000We refer to Note 20 to the consolidated financial results regarding the Holding Companys exposure to the Economic Rights of shareholding in Odisha Discoms and in shares and securities in certain unlisted entities as on March 31, 2026, aggregating to Rs. 4705.74 Crore, acquired by the Holding Company pursuant to Consent Terms/Settlement Agreement in the previous year <br></br> <br></br> We were unable to determine the overall recovery of the aforesaid Economic Rights. Accordingly, we are unable to determine the consequential implications arising therefrom in the consolidated financial results of the Holding Company. <br></br> Disclaimer of opinionRepetitiveNot ApplicableNot DeterminableThe management conducted a fair valuation of these economic rights, by an independent external valuation expert. The determination of the fair value involves the application of judgement and estimates, particularly in relation to key assumptions used in the valuation process. Based on the outcome of this assessment, the Holding Company is positive of recovering its entire fair value of investments in economic rights.Impact is not determinable.We draw attention to Note 24 to the consolidated financial results regarding the ongoing proceedings by the Enforcement Directorate (ED), the Show Cause Notice (SCN) issued by the Securities and Exchange Board of India (SEBI) and notice from the Serious Fraud Investigation Office (SFIO) and Note 25 regarding filing of ADT-4 and tendering our resignation as the Statutory Auditors with effect from the handover of the statutory audit report for the financial year ended March 31, 2026, basis our review of the SCN herein and the allegations therein of suspected fraud with regards to the manner of utilisation of funds through CLE Private Limited (CLE) and its alleged relationship with the Holding Company among other matters. In connection to this matter, we filed ADT-4 under section 143(12) of the Act and relevant rules, with MCA on January 19, 2026. <br></br> <br></br> The outcome of the proceedings is presently uncertain and cannot be determined at this stage. Accordingly, we are unable to determine the consequential implications arising therefrom in the consolidated financial results. <br></br> Disclaimer of opinionWhether appeared first timeNot ApplicableNot DeterminableThe Holding Company has filed a Writ Petition before the Bombay High Court (BHC) assailing the actions of ED. The matter is pending. The provisional attachment orders with regard to 37 immovable properties have been confirmed by the Adjudicating Authority under PMLA for a period of 365 days and the Holding Company is in the process of filing an Appeal challenging the same. Further, the adjudication proceedings in respect of the provisional attachment orders related to shareholding in its subsidiaries and the marking of lien on the bank account of the Holding Company are underway before the authorities. Separately, the Holding Company has received a SCN dated September 30, 2025 on October 06, 2025 from the SEBI alleging violation of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 read with SEBI Act, 1992. The Holding Company has filed application for settlement with SEBI and the adjudication process arising of the SCN is pending. On November 19, 2025, a communication has been received from the SFIO seeking various information pertaining to the affairs and operations of the Holding Company. The Holding Company has filed a Writ Petition before the BHC seeking disclosure of the order passed by the Ministry of Corporate Affairs basis which information is sought from the Holding Company by SFIO. In such proceedings, the BHC vide order dated December 24, 2025 extended the time granted to the Holding Company to submit complete details pursuant to the communication received from SFIO and expressly restrained SFIO from taking any coercive action in the event of non-compliance. The matter is pending. The requisite disclosures to the stock exchanges in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 have been intimated to the Stock Exchanges by the Holding Company in this regard and pending final outcomes of these proceedings, and given the current stage of the matters, no adjustment has been made in the Consolidated audited financial results as on date.Impact is not determinable.We draw attention to Note No. 12(a), to the consolidated financial results in respect of Mumbai Metro One Private Limited (MMOPL), wherein the management of MMOPL has represented that the financial statements have been prepared on a Going Concern basis, notwithstanding the fact that the MMOPL has incurred net loss of Rs. 1,276.68 crore during the year ended March 31, 2026 and the MMOPLs net worth is negative aggregate Rs. 3,956.66 crore and its current liabilities exceed its current assets by Rs. 5,895. 59 crore as at March 31, 2026. Majority of lenders, had filed applications with the National Company Law Tribunal (NCLT) under section 7 of the Insolvency Bankruptcy Code, 2016 for recovery of debts in the earlier year and the consortium of lenders have initiated recovery proceedings before Debt Recovery Tribunal (DRT), Delhi Bench under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). Further, pending final outcome of significant litigations under various laws the impact of which is unascertainable. <br></br> <br></br> As informed, discussions with lenders for restructuring of borrowings are ongoing, necessary approval and binding agreement or definitive outcome has been reached as at the date of this report. The MMOPLs ability to continue as a going concern is dependent upon successful restructuring of borrowings, infusion of funds and generation of adequate future cash flows. <br></br> <br></br> In absence of support letters from shareholders and sufficient cash flow for immediate twelve months the management plan to assess the going concern of the entity is not adequate. This situation indicates that a material uncertainty exists that may cast significant doubt on the MMOPLs ability to continue as a going concern. This has been referred by MMOPL auditors as a Qualification in their audit report. <br></br> <br></br> As a result of the matters described in paragraph 1 to 3 above we were not able to obtain sufficient appropriate evidence to provide a basis of our Opinion on the consolidated financial results. <br></br> Qualified opinionWhether appeared first timeNot ApplicableNot DeterminableThe going concern basis of accounting is appropriate having regard to the continued operations of the metro project, ongoing discussions with lenders for resolution of debt, and managements assessment of the future business prospects and expected cash flows of the MMOPL. <br></br> <br></br> MMOPL is in the process of reconciliation of balances with National Asset Reconstruction Company Limited (NARCL) and India Infrastructure Finance Company (UK) Limited (IIFCL UK). The differences between the balances as per lenders confirmations and the books of account of the MMOPL primarily relate to certain unilateral debits/claims by the lenders, which are disputed by the MMOPL. <br></br> Impact is not determinable.Vijesh ThotaAsheesh ChaturvediManjari KackerGaurav JainMumbai2026-05-23