KBS India Ltd: Auditor Qualification Impact Statement for Q2 FY27

KBS India Ltd has released a statement detailing the impact of auditor qualifications on its standalone financial statements for the Quarter and Half-Year ended September 30, 2026. The primary qualification relates to an unprovided long-term loan of ₹16,65,40,533 and a current account balance of ₹8,02,444 receivable from KBS Capital Management Singapore Pte Ltd, an erstwhile subsidiary that has reportedly closed down. This has led to an overstatement of profit and reserves. A second qualification concerns the unprovided gratuity liability for employees, the impact of which could not be quantified without actuarial valuation. The company acknowledges these issues and is working towards resolution.