Results for the quarter ended 30th June, 2024
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 06 Apr 2026, 12:08 PM IST · BSE ID: 8e768f46-728f-4b41-8692-b83527f25ad9
View Original BSE Filing (PDF)
💡
In Simple Terms
KD Leisures reported zero sales this quarter, losing INR 0.25 Lakhs, with auditor concerns over unpaid taxes and missing internal controls.
🤖 AI Summary
- Q1 FY25 net loss of INR 0.25 Lakhs with zero revenue from operations
- Paid-up equity share capital increased to INR 55.05 Lakhs from INR 32.00 Lakhs
- Auditor flagged pending income tax cases for AY 2017 and 2020, non-filing of returns since FY22
- Qualified audit opinion issued due to loans/advances subject to confirmation, missing internal audit report
- Company engaged in financial activities segment; no operational or business revenue recorded
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Loss for Quarter Ended 30 June 2024
INR 0.25 Lakhs
Revenue from Operations
INR 0 (Zero)
Total Expenses
INR 0.25 Lakhs
Paid-up Equity Share Capital
INR 55.05 Lakhs
Prior Quarter Paid-up Equity (31 March 2024)
INR 32.00 Lakhs
🏢 How This Affects the Company
Company generated zero revenue from operations in Q1 FY25. No business activity or income generation reported, indicating no active business operations during the quarter.
Net loss of INR 0.25 Lakhs recorded. Equity share capital increased to INR 55.05 Lakhs, indicating capital infusion, but balance sheet remains non-operational with no income streams.
Company has no employee benefit expenses, no cost of materials, no finance costs, and no depreciation — indicating minimal or dormant operational activity.
Auditor qualified opinion due to income tax assessment cases pending for AY 2017 and 2020, non-filing of returns from FY22 onwards, and unverified loans/advances. Missing mandated internal audit report creates governance risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must review auditor's qualified opinion and management response to tax non-compliance and missing internal audit report. Request clarification on path to operational status.
👤
Who Is Affected
All equity shareholders holding shares as of filing date. Equity increased to INR 55.05 Lakhs, implying recent capital infusion diluted existing shareholding base.
🔍
Management Signal
Capital infusion (equity increased INR 23.05 Lakhs QoQ) signals management commitment, but zero revenue and regulatory non-compliance indicate entity remains dormant or transitional in status.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY25 results — verify if revenue generation resumes or loss persists
Income tax assessment orders — track resolution status for AY 2017 and 2020 pending cases
Income tax return filing — monitor compliance from FY22 onwards to resolve regulatory gap
HIGH RISK
Qualified audit opinion, unresolved tax cases, unfiled returns since FY22, unverified assets, missing internal audit, zero revenue, and dormant operations indicate material going concern and regulatory risk.
💡 Investor Takeaway
KD Leisures reported INR 0.25 Lakhs net loss on zero revenue for Q1 FY25. Auditor issued qualified opinion citing pending tax cases (AY 2017, 2020), unfiled returns since FY22, and unverified loan balances. Equity capital increased to INR 55.05 Lakhs but no business activity recorded.
⚖️ Strengths & Concerns
⚠️ Concerns
- Income tax returns not filed since FY22; assessment cases pending for AY 2017 and 2020 create tax exposure
- Auditor unable to verify loans and advances; book entries written off with unascertained financial impact
📅 Company Track Record
No previous filings located. Company recently transitioned name from Vishvesham Investment & Trading Limited to KD Leisures Limited. Limited public track record available.
Based on publicly available historical data. For context only.