KSS Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Awaiting price reaction for this filing.
KSS Limited (formerly K Sera Sera Limited), which has been under Corporate Insolvency Resolution Process (CIRP) since January 24, 2023, submitted its unaudited financial results for Q3 FY26 through Resolution Professional Mr. Dharmendra Dhelariya. On a standalone basis, the company reported flat revenue of Rs 14.57 lakhs and a loss of Rs 15.49 lakhs for the quarter, slightly wider than the Rs 14.07 lakh loss in Q3 FY25. On a consolidated basis, revenue declined to Rs 45.59 lakhs from Rs 51.34 lakhs, though the quarterly loss narrowed to Rs 35.44 lakhs from Rs 42.89 lakhs. The nine-month consolidated loss stood at Rs 120.29 lakhs versus Rs 156.29 lakhs a year ago. Critically, the Resolution Plan was rejected by NCLT on March 24, 2025, and the Resolution Professional has since filed an application for initiation of liquidation, which is pending. The auditor (Amit Ramakant & Co.) issued a Disclaimer of Conclusion on both standalone and consolidated results, citing inability to verify Rs 6,199.90 lakh of subsidiary investments (two with negative net worth), unconfirmed loans and advances of Rs 1,325.62 lakhs, unrecognized interest on Rs 1,500 lakh of bonds, and a disputed Income Tax demand of Rs 5,943.54 lakhs (consolidated). Multiple contingent liabilities including MVAT (Rs 1,035 lakhs), Customs (Rs 734 lakhs), SEBI penalty (Rs 12 crore), and ongoing legal cases remain unprovided for.
This is a deeply negative filing for shareholders. With the Resolution Plan already rejected and a liquidation application pending before NCLT, the equity is at very high risk of being wiped out. Trading in KSS shares has been suspended by NSE since November 27, 2020, and the auditor's Disclaimer of Conclusion indicates the financial statements cannot be relied upon. Existing shareholders should expect little to no recovery in a liquidation scenario.