this is to inform you that the Board of Directors of KD LEISURES LIMITED at their meeting held on Tuesday,30th December, 2025, at the Corporate office of the Company situated at B -10/665/1, ....
Awaiting price reaction for this filing.
KD Leisures Limited reported zero revenue from operations for Q1 ended June 2025, with other income also at zero. The company posted a net loss of Rs. 0.15 lakhs for the quarter. The statutory auditors (GAV & Associates) issued a qualified conclusion on the review report, citing two key issues: (1) management did not provide confirmation of closing balances of loans and advances, making the auditors unable to comment on their correctness, and (2) the company has failed to file Income Tax Returns under Section 139 of the IT Act for assessment years from 2021-22 onwards, exposing it to penalties. The company has a single reportable segment: financial activities/services.
The company appears largely dormant with no revenue and a small loss. The auditor's inability to confirm loan balances raises questions about asset quality, while non-filing of ITRs signals compliance risk. Shareholders should be cautious given the lack of operational activity and unresolved audit concerns.