KSS Limited has informed the Exchange regarding Outcome of Board Meeting held on May 29, 2026.
Awaiting price reaction for this filing.
KSS Limited, currently under Corporate Insolvency Resolution Process (CIRP) since January 2023, has submitted its audited financial results for FY 2025-26. The company reported minimal revenue of Rs 1.45 lakhs and a net loss of Rs 67.52 lakhs for the year, compared to a loss of Rs 60.52 lakhs in the previous year. The statutory auditors have issued a DISCLAIMER of opinion due to multiple material uncertainties including failure to assess impairment of Rs 61.99 crore investments in subsidiaries, inability to confirm outstanding loans and advances of Rs 13.26 crore, and unrecovered tax assets of Rs 5.36 crore. The Resolution Plan was rejected by NCLT in March 2025, and an application for liquidation has been filed. NCLAT has reserved judgment on an appeal by the resolution applicant. Trading in the company's securities remains suspended since November 2020.
This is a highly distressed company with disclaimer of audit opinion, ongoing insolvency proceedings, and multiple disputed liabilities totaling over Rs 4,500 lakhs in tax, VAT, customs, and SEBI penalties. Shareholders face extreme risk as the company awaits either liquidation or a final NCLAT decision.