KBS India: Audit Qualification Impact on FY26 Results

KBS India Ltd has disclosed the impact of auditor qualifications on its standalone financial results for the quarter and year ended March 31, 2026. The qualifications relate to an unprovided long-term loan of ₹16,65,40,533 and a current account balance of ₹8,02,444 due from an erstwhile subsidiary, KBS Capital Management Singapore Pte Ltd, which has reportedly closed down. Additionally, gratuity liability for employees has not been provided for as per Ind AS 19, with the impact not quantified due to the absence of actuarial valuation. These issues have led to an overstatement of profit and reserves.