Pursuant to Regulation 30 of SEBI (LODR) Regulation 2015, We wish to inform you that Board of Directors at the its meeting held on today May 28, 2026, inter alia approved the Audited Standalone ....
Awaiting price reaction for this filing.
KLG Capital Services reported a massive net loss of Rs. 1,088.77 lakhs for FY2026 (standalone) and Rs. 1,089.26 lakhs (consolidated), compared to a small loss of Rs. 3.29 lakhs in FY2025. Total income collapsed to Rs. 20.51 lakhs from Rs. 73.03 lakhs in the previous year. The auditor raised an 'Emphasis of Matter' highlighting that ICDs of Rs. 1,057.47 lakhs have defaulted and the company made 100% provision for these as loss assets. The auditor stated there is a "material uncertainty" regarding the company's ability to continue as a going concern. The company also has unpaid statutory dues of Rs. 331.81 lakhs outstanding for over 6 months and unresolved income tax cases. Despite these concerns, the statutory auditor issued an unmodified opinion. Equity has turned negative at Rs. 339.90 lakhs (standalone).
This is a highly distressed result. The auditors have flagged going concern doubts despite issuing an unmodified opinion. Shareholders should be extremely cautious as the company is loss-making, has negative equity, and faces severe liquidity challenges with defaulted loans.