KSS Limited Discloses Related Party Transactions for Half Year Ended March 31, 2026
KSS Limited, undergoing CIRP, disclosed related party transactions for the half year ended March 31, 2026, filed on May 16, 2026, under Regulation 23(9) of SEBI LODR 2015. The disclosure covers pre-existing loans and advances with four wholly-owned subsidiaries — K Sera Seras Digital Cinema Ltd, K Sera Srea Miniplex Ltd, Birla Gold & Precious Metals, and Birla Jewels Ltd — with no new transactions undertaken during the reporting period.
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KSS Limited (formerly known as K Sera Sera Limited), currently undergoing Corporate Insolvency Resolution Process (CIRP), has filed a disclosure of related party transactions on a consolidated basis for the half year ended March 31, 2026, in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India on May 16, 2026, by Resolution Professional Dharmendra Dhelariya.
Regulatory Compliance Filing
The disclosure covers related party transactions undertaken during the period October 1, 2025 to March 31, 2026, and has been prepared in the format specified under the applicable accounting standards. All amounts in the disclosure are reported in Rupees in Lacs. The filing pertains to transactions involving loans, inter-corporate deposits, and advances between KSS Limited and its wholly-owned subsidiaries.
| Parameter: | Details |
|---|---|
| Reporting Period: | October 1, 2025 to March 31, 2026 |
| Amount Unit: | Rupees in Lacs |
| Filing Date: | May 16, 2026 |
| Regulation: | Regulation 23(9), SEBI LODR 2015 |
Related Party Transaction Details
The following table presents the details of related party transactions reported by KSS Limited for the half year ended March 31, 2026:
| Sr. No: | Counterparty | Relationship | Transaction Type | Opening Balance (₹ in Lacs) | Closing Balance (₹ in Lacs) |
|---|---|---|---|---|---|
| 1 | K Sera Seras Digital Cinema Ltd | Wholly-owned Subsidiary | Unsecured Loan Taken | -308.58 | -308.58 |
| 2 | K Sera Srea Miniplex Ltd | Wholly-owned Subsidiary | Advances Given | 250.61 | 250.61 |
| 3 | Birla Gold & Precious Metals | Wholly-owned Subsidiary | Advances Given | 645.06 | 645.06 |
| 4 | Birla Jewels Ltd | Wholly-owned Subsidiary | Advances Given | 30.49 | 30.49 |
Key Transaction Highlights
The disclosure reveals the following key aspects of the related party transactions:
- K Sera Seras Digital Cinema Ltd: An unsecured loan taken with an opening and closing balance of -308.58 Rupees in Lacs, repayable on demand and designated for unsecured working capital purposes.
- K Sera Srea Miniplex Ltd: Advances given with an opening and closing balance of 250.61 Rupees in Lacs.
- Birla Gold & Precious Metals: Advances given with an opening and closing balance of 645.06 Rupees in Lacs.
- Birla Jewels Ltd: Advances given with an opening and closing balance of 30.49 Rupees in Lacs.
Notably, no new transactions were undertaken during the reporting period, as the value of transactions during the reporting period is reported as nil across all four entries. The opening and closing balances remain unchanged for each counterparty, reflecting pre-existing positions carried forward.
Filing Authority
The disclosure was signed and submitted by Dharmendra Dhelariya, Resolution Professional of KSS Limited, holding registration number IBBI/IPA-001/IP-P00251/2017-2018/10480. The Authorisation for Assignment (AFA) is valid up to June 30, 2026. The company's registered office is located at Unit No. 101A, 1st Floor, Plot No. B-17, Morya Landmark II, Andheri (West), Mumbai – 400053.
What is the likelihood of KSS Limited successfully completing its Corporate Insolvency Resolution Process before the Resolution Professional's AFA expires on June 30, 2026, and what happens to these intercompany obligations if no resolution plan is approved?
How might the frozen intercompany balances — particularly the ₹645.06 lacs advance to Birla Gold & Precious Metals — be treated during asset valuation and liquidation if the CIRP fails to attract a viable resolution applicant?
Given that KSS Limited's wholly-owned subsidiaries span diverse sectors including digital cinema, miniplex operations, and precious metals, how could potential buyers or resolution applicants approach the valuation of these subsidiaries as a consolidated entity versus individually?
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