Key Event

The Board of Directors of KBS India Limited held a meeting on Monday, 10th August 2026, which commenced at 03:00 PM and concluded at 05:00 PM.

Board Approvals

The board approved the following item:

1. The Un-Audited Financial Results and Limited Review Report for the quarter ended 30th June 2026.

Attachments Provided

The company submitted the following documents to the exchange:

  • Limited Review Report on Unaudited Financial results for the quarter ended 30th June 2026, issued by the statutory auditor, Bhuta Shah & Co LLP.
  • A copy of the Un-Audited Financial Results for the quarter ended 30th June 2026.

Auditor's Limited Review Report Key Findings

The independent auditor's review report, issued by Bhuta Shah & Co LLP (ICAI Firm Reg No: 101474W/100100W), contained two significant qualifications:

1. Gratuity Liability: The company has not provided for the gratuity liability of employees as required by Indian Accounting Standard (Ind AS) 19 on "Employee Benefits." The financial impact of this omission is not quantified in the absence of an actuarial valuation or management estimate.

2. Loan and Current Account Receivable: A long-term loan amounting to ₹16,65,40,533 and a current account outstanding balance of ₹8,02,444 (total ~₹16.73 crore) as of 30th June 2026 are outstanding and receivable from KBS Capital Management Singapore Pte Ltd, noted as an erstwhile subsidiary of the company. The auditor was informed that KBS Capital Management Singapore Pte Ltd has been struck off. No provision has been made for this receivable in the financial statements for the period ended 30th June 2026.

Impact of Auditor's Qualifications

The auditor states that the failure to provide for the gratuity liability and the doubtful receivable from the struck-off subsidiary has resulted in a misstatement of the profit and accumulated reserves & surplus for the quarter and period ended 30th June 2026. The precise financial impact of both items remains unquantified.

Financial Results Context

The unaudited standalone financial results were prepared in accordance with Ind AS 34 "Interim Financial Reporting" and presented for a single operating segment: shares and stock broking. The results were reviewed by the company's Audit Committee and approved by the Board of Directors. Previous periods' figures have been regrouped or reclassified for comparability.