In accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 ('SEBI LODR Regulations'), this is to inform you that Resolution Professional has today i. e. Tuesday, August 12, 2025 ....
Awaiting price reaction for this filing.
KSS Limited, which has been under Corporate Insolvency Resolution Process (CIRP) since January 24, 2023, has filed unaudited financial results for Q1 FY26 approved by Resolution Professional Mr. Dharmendra Dhelariya. On a standalone basis, the company reported a net loss of Rs. 17.33 lakhs on revenue of Rs. 14.57 lakhs, while the consolidated loss was Rs. 42.09 lakhs on revenue of Rs. 45.12 lakhs. The resolution plan submitted by Micro Capitals was rejected by NCLT in March 2025, and since the Committee of Creditors did not approve liquidation either, the RP has filed an application for initiation of liquidation before NCLT, which is pending. The auditor issued a Disclaimer of Conclusion citing inability to verify Rs. 6,199.90 lakhs of subsidiary investments, Rs. 1,325.62 lakhs of unconfirmed loans and advances, and other items. The company carries multiple contingent liabilities including MVAT demand of Rs. 1,035 lakhs, Customs demand of Rs. 734 lakhs, Income Tax demand of Rs. 2,669 lakhs, and an unprovided SEBI penalty of Rs. 12 crore. Trading in KSS securities has been suspended on NSE since November 2020.
Shareholders face near-certain liquidation risk as the resolution plan has been rejected and liquidation proceedings are pending. With persistent losses, a disclaimed auditor's report, growing contingent liabilities, and already-suspended trading, the equity has effectively lost liquidity and the path to recovery appears closed.