KSS Limited Releases Q1 Financial Results as Corporate Insolvency Resolution Process Concludes

KSS Limited Releases Q1 Financial Results as Corporate Insolvency Resolution Process Concludes​

KSS Limited, which is currently undergoing a corporate restructuring process, has announced its unaudited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2026. The results were reviewed by the company's statutory auditors in adherence to the requirements of their appointed Monitoring Committee.

The filing comes after KSS Limited achieved a major corporate milestone: the conclusion of its Corporate Insolvency Resolution Process (CIRP).

CIRP Concludes Following Plan Approval​

The resolution process for KSS Limited was concluded following an order pronounced by the Hon'ble National Company Law Tribunal on August 5, 2026. This consequential order gave effect to the approval of the Resolution Plan, which had been submitted by Micro Capitals Private Limited (the Successful Resolution Applicant). The plan is now binding on all stakeholders as per Section 31 of the Insolvency and Bankruptcy Code (IBC).

Following this approval, KSS Limited's affairs are being managed in accordance with the approved Resolution Plan, under the supervision of the Monitoring Committee.

Financial Results for Q1 FY2026​

The Management and the Monitoring Committee reviewed and approved the unaudited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2026. The results were subjected to a Limited Review by Chartered Accountants Amit Ramakant & Co.

Key financial details extracted from the filings include:

* Standalone Operations (Quarter Ended 30.06.2026):
* Revenue from Operations: Recorded an amount of (15.61) in a specific column.
* Total Income: The company recorded significant expenditures, with total expenditure including finance costs and other expenses amounting to figures such as (67.52) Lakhs in certain periods detailed in the unaudited results.
* Consolidated Operations (Quarter Ended 30.06.2026):
* Revenue from Operations: The group recorded a figure of 38.02 units.
* Profit/(Loss) for the period: Consolidated financial statements reflected a loss in the amount of (11.14) Lakhs.

The auditors' review reports noted that these results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" and other generally accepted accounting principles in India.

Operational Context and Status​

The company continues to operate under the direction of the Resolution Professional, who is also the Chairman of the Monitoring Committee. The consolidated results incorporate data from KSS Limited and its subsidiaries: K Sera Sera Digital Cinema Limited, K Sera Sera Miniplex Limited, Birla Jewels Limited, and Birla Gold and Precious Metals Limited.

Both standalone and consolidated financial statements note ongoing legal matters before the Bombay High Court, Securities Appellate Tribunal, and Debt Recovery Tribunal (Mumbai). The filings confirm that trading in the securities of KSS Limited remains suspended following a prior non-compliance notice issued by the National Stock Exchange of India Ltd.