In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), this is to ....
Awaiting price reaction for this filing.
KSS Limited, currently under Corporate Insolvency Resolution Process (CIRP) since January 24, 2023, has submitted its unaudited results for Q2 FY26 and H1 FY26, signed off by Resolution Professional Mr. Dharmendra Dhelariya. The Resolution Plan was rejected by NCLT Mumbai on March 24, 2025, and the RP has filed an application seeking liquidation of the company. On a standalone basis, the company posted a loss of about ₹18.54 lakh in Q2 FY26 (vs. loss of ₹14.80 lakh in Q2 FY25) and a loss of ₹35.87 lakh for H1 FY26. On a consolidated basis, losses were wider at ₹42.75 lakh for the quarter and ₹84.84 lakh for the half-year. Trading in the stock remains suspended on NSE since November 2020 over SEBI Depositories Regulations non-compliance.
Stockholders should note that the company is on the verge of liquidation—NCLT rejected the only Resolution Plan and the RP is now pursuing liquidation, which is highly negative for equity holders. The auditor issued a 'Disclaimer of Conclusion' on the financial results, citing inability to verify subsidiary investments of ₹6,199.90 lakh, unconfirmed loans/advances of ₹1,325.62 lakh, unaccrued interest on OCRBs, and pending tax/regulatory demands running into several hundred crores, signalling deep uncertainty around asset values and recoverability.