KSS Limited Approves FY2026 Audited Financial Results Amid CIRP Proceedings
KSS Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has finalized and approved its Standalone and Consolidated Audited Financial Results for the quarter and year ended on March 31, 2026. The approval was granted by the Resolution Professional (RP), Mr. Dharmendra Dhelariya, on May 29, 2026.The company remains under the Corporate Insolvency Resolution Process (CIRP) following an order from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, dated January 24, 2023, under the Insolvency and Bankruptcy Code (IBC). Following the order, the management and affairs of the Company are managed by Mr. Dharmendra Dhelariya in his capacity as the Resolution Professional.
Financial Highlights (Year Ended March 31, 2026)
The Resolution Professional confirmed the audited financial results for the year ended March 31, 2026. The financial performance metrics, reported in Indian Rupees in lakhs, showed a decrease in Total Income and an increase in Total Expenses compared to the previous year.The total income for the year ended March 31, 2026, was 1.14 (a+b). This compares to 1.45 for the year ended March 31, 2025. Total expenses reached 68.66, a slight increase from 61.97 recorded in the previous financial year. The resulting loss for the period was recorded as (67.52).
The key financial figures are summarized in the tables below:
Comparative Financial Results (In INR in lakhs)
| Particulars | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Total Income (a+b) | 1.14 | 1.45 |
| Total Expenses | 68.66 | 61.97 |
| Loss/(Profit) for the period | (67.52) | (60.52) |
| Net increase in Cash and Cash equivalent | 22.71 | 22.10 |
Standalone Financial Position as of March 31, 2026
As of March 31, 2026, the Company reported total assets of 8,731.34 (in lakhs). This figure marks a slight decrease compared to the total assets of 8,788.59 on March 31, 2025.The company's equity total remained constant at 21,358.75, though the Equity Share Capital decreased to (14,950.67) from (14,883.15). Current liabilities totaled 2,323.26, while the total current liabilities stood at 8,731.34.
Standalone Balance Sheet Comparison (In INR in lakhs)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Total Non-Current Assets | 7,146.69 | 7,204.96 |
| Total Current Assets | 1,584.63 | 1,583.62 |
| TOTAL ASSETS | 8,731.34 | 8,788.59 |
| Total Equity | 21,358.75 | 21,358.75 |
| Total Liabilities | 8,731.34 | 8,788.59 |
Corporate Insolvency Update
The process for the approval of the Resolution Plan faced setbacks. The application for approval of the Resolution Plan was rejected by the NCLT, Mumbai Bench, vide order dated March 24, 2025. Following the rejection and the expiry of the CIRP period, the Resolution Professional filed an application with the NCLT seeking the initiation of liquidation proceedings. This application is presently pending adjudication.The Resolution Professional, Mr. Dharmendra Dhelariya, issued the audited results on May 29, 2026, covering both Standalone and Consolidated results for the quarter and year ended March 31, 2026.
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