Kiduja India507946Quarterly results

Board approves Q2 loss of Rs. 216.25 lakh, going-concern note; appoints auditors for FY 2026-27

Board met on 5th November 2026 and approved the unaudited results for the quarter and half year ended 30th September 2026.

By ScoutQuest · Thu 5 Nov 2026, 8:04 PM IST · 2 min read

Quarter loss (Q2, ended 30 Sep 2026): Loss of Rs. 216.25 lakh
Half year loss vs prior year profit: Loss of Rs. 57.92 lakh for the half year, against a profit of Rs. 91.61 lakh a year earlier
Auditor going-concern note: Auditors flag material uncertainty over going concern as net worth is negative

What the Board approved

The Board met on 5th November 2026 and approved the unaudited financial results for the quarter and half year ended 30th September 2026, along with the limited review report of the statutory auditors. It also approved two auditor appointments for FY 2026-27.

The two appointments

M/s. Purwar & Purwar Associates LLP, Practicing Company Secretaries, appointed as Secretarial Auditor to conduct the secretarial audit for FY 2026-27.
Mrs. Swara Vayangankar appointed as Internal Auditor to conduct the internal audit for FY 2026-27.

These are yearly audit appointments; they do not change the Board or the key managerial personnel.

Results: loss in the quarter and half year

Quarter ended 30th September 2026: loss of Rs. 216.25 lakh.
Half year ended 30th September 2026: loss of Rs. 57.92 lakh, against a profit of Rs. 91.61 lakh in the same half of the previous year.
Total income for the half year was Rs. 311.70 lakh.

The company reports a single business segment, investment and dealing in shares and securities, so its income depends on the movement in that portfolio rather than on sales of goods or services.

Going concern note from the auditors

The limited review report carries a "Material Uncertainty Related to Going Concern" paragraph. It states that the company has been incurring losses for the past few years and its net worth is negative, and that its liabilities exceeded its assets as on 30th September 2026. The auditors also record that comfort has been received from the promoters and their associates that they will continue to provide financial support, and that the accounts are prepared on a going concern basis. The auditors' conclusion is not modified on this matter.

Balance sheet snapshot (Rs. in lakh)

Total assets: 8,570.25 as at 30th September 2026.
Borrowings: 10,747.29, against 3,248.36 as at 31st March 2026.
Other equity: (2,442.40), the accumulated negative reserve behind the negative net worth.

Borrowings are larger than total assets, and the negative other equity reflects the accumulated losses carried on the books.

What to take away

This is a combined submission: routine audit appointments for the year alongside weak financials, a quarterly loss, a half-year loss against a year-ago profit and an auditor note on going concern. The auditor appointments by themselves are procedural and do not change who runs the company.

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