Based on the research and a small POC the we performed, they realized that the shared libraries must be either in swf or swz format. The application doesn't load the swc format files, which are the only available QTP library formats handy.
. Feasibility of RSL with the QTP automation libraries:
We tried searching around if there QTP automation libraries available either in swf/swz and also tried looking around discussion forums to see if the source code is available to compile it to the required formats. However, as none of those were available handy, the RSL based mechanism to dynamically load the necessary libraries couldn't be performed.