Quarterly Result10 Aug 2026, 05:31 pm
KBS India Ltd: Un-audited Q1 FY27 Results Approved
AI Summary
KBS India Ltd announced that its Board of Directors, in a meeting held on August 10, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. The results were prepared in accordance with Indian Accounting Standard 34 (IND AS 34) and reviewed by statutory auditors Bhuta Shah & Co LLP. Key disclosures from the auditor's report include unprovided gratuity liability and unprovided long-term loan and current account balances receivable from a struck-off erstwhile subsidiary, KBS Capital Management Singapore Pte Ltd, amounting to ₹16,65,40,533 and ₹8,02,444 respectively. These issues have resulted in a misstatement of profit and reserves.
Key Highlights
- Board approved un-audited financial results for Q1 FY27.
- Gratuity liability for employees not provided for.
- Significant outstanding loan from struck-off subsidiary.
- Auditor noted material misstatements in financial results.
- Results prepared as per IND AS 34 and reviewed by auditors.
Price Impact
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