Results for the quarter ended 30th June, 2024
Awaiting price reaction for this filing.
KD Leisures Ltd reported zero revenue from operations and other income for Q1 FY25 (quarter ended June 30, 2024), resulting in a net loss of Rs. 0.25 lakhs. The company appears to be largely dormant with minimal operating activity. The statutory auditor Raj Gupta & Co. issued a Qualified Conclusion citing multiple concerns: loans and advances lack confirmation, pending income tax cases for assessment years 2017 and 2020, failure to file income tax returns since AY 2021-22, absence of required internal audit report under Section 138 of Companies Act, and write-off of book entries whose financial impact remains unascertained. The company is engaged only in financial activities/services as a single segment.
The stock may face pressure due to auditor's qualified opinion, zero revenue generation, and regulatory compliance issues including non-filing of tax returns. The multiple qualification points raise red flags about governance and financial transparency for investors.