KBS India Ltd — Updates, 30-05-2025: Company Update

KBS India Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The auditors have qualified the standalone financials due to two main issues: a Rs. 16.65 Cr long-term loan and Rs. 0.08 Cr current account balance outstanding from its former subsidiary KBS Capital Management Singapore Pte Ltd, which has now closed, resulting in overstatement of profit and reserves; and non-provision of employee gratuity liability as per accounting standards, with no actuarial valuation available. The company is awaiting regulatory clarity on the loan and is actively working on addressing the gratuity liability.