Quarterly Result6 Nov 2026, 05:34 pm
KBS India Ltd Board Approves Un-Audited Financial Results for Q2 FY27
AI Summary
KBS India Ltd announced that its Board of Directors, in a meeting held on November 6, 2026, approved the un-audited financial results and limited review report for the quarter and half-year ended September 30, 2026. The company also disclosed that a long-term loan of ₹16,65,40,533 and a current account balance of ₹8,02,444, outstanding and receivable from its erstwhile subsidiary KBS Capital Management Singapore Pte Ltd, have not been provided for, as the subsidiary has been struck off. This omission has resulted in a misstatement of profit and accumulated reserves.
Key Highlights
- Board approved un-audited financial results for Q2 FY27.
- Limited Review Report from statutory auditors also approved.
- Significant outstanding loan from struck-off subsidiary noted.
- No provision made for the outstanding loan from subsidiary.
- Misstatement in profit and reserves due to non-provisioning.
Price Impact
More from KBSINDIA