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Incorporated in 2011, AJR Infra And Tolling Ltd develops infrastructure projects on a Public-Private Partnership basis
AJR Infra reported a Q1 consolidated loss of ₹18.89 Cr. The company faces significant "going concern" uncertainty with current liabilities exceeding assets by ₹985.51 Cr, compounded by stressed projects and ongoing litigations.
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AJR Infra has postponed the release of its financial results for the quarter due to complexities in finalizing accounts. The delay is primarily linked to a subsidiary's settlement agreement with authorities and lenders, where key confirmations, including the release of holding company security, are still pending. The company is actively...