KD Leisures FY25 audit qualified: Unconfirmed balances, ITR non-filing

KD Leisures Ltd has submitted the Statement on Impact of Audit Qualifications for the year ended March 31, 2025. The submission was delayed due to the company's prior suspension and subsequent delisting, which prevented timely compliance. Following the Hon’ble Securities Appellate Tribunal (SAT) order on March 17, 2026, restoring its listing status, the company retrieved necessary credentials and is now submitting the required details. The independent auditor issued a Qualified Opinion on the standalone annual financial results for FY25. The qualification stems from two main issues: management's failure to provide confirmations for closing balances of loans and advances, and the company's non-compliance with the Income Tax Act, 1961, by failing to file Income Tax Returns from assessment year 2021-22 onwards, incurring potential penalties.