KBS India Limited has received a disclosure from Ketan Babulal Shah regarding the sale of equity shares under SEBI's takeover regulations. The transaction represents a significant reduction in the shareholding of Shah and his associated Person Acting in Concert (PAC).

Share Sale Details

Ketan Babulal Shah, along with his PAC Jeet Ketan Shah, sold 1585060 equity shares of ₹1 each through open market transactions. The sale was executed on February 25, 2026, and represents 1.46% of KBS India's total paid-up share capital.

Shareholding Changes

The disclosure reveals the impact of this transaction on the overall shareholding pattern. Prior to this sale, Ketan Babulal Shah and his PAC held a combined 8324589 shares, representing 7.69% of the company's voting capital.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sellers are not part of the promoter or promoter group of KBS India Limited.

KBS India's equity share capital remained unchanged at 10,82,11,880 shares before and after the transaction. The company's shares are listed on the Bombay Stock Exchange, where the sale transactions were executed. The company confirmed receipt of the disclosure through official communication dated February 27, 2026.

Official Documentation

The transaction was formally documented through multiple regulatory filings. Ketan Babulal Shah submitted the disclosure to both the Bombay Stock Exchange and KBS India's management on February 27, 2026. The company's Chairman and Managing Director, Tushar Suresh Shah, acknowledged receipt of the disclosure and confirmed compliance with SEBI regulations.

The disclosure documents were signed by both Ketan Babulal Shah and Jeet Ketan Shah, confirming the completion of the share sale and the updated shareholding positions in compliance with regulatory requirements.

KBS India Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, revealing mixed performance with quarterly losses offset by nine-month profitability. The Board of Directors approved these results during their meeting held on February 9, 2026, which commenced at 2:00 PM and concluded at 4:00 PM.

Quarterly Financial Performance

The company reported a net loss of ₹14.01 lakhs for Q3FY26, significantly higher than the ₹1.09 lakhs loss recorded in the corresponding quarter of the previous year. This deterioration in quarterly performance contrasts with the previous quarter (Q2FY26), where the company had achieved a net profit of ₹5.12 lakhs.

Revenue and Income Analysis

Revenue from operations declined to ₹54.13 lakhs in Q3FY26 from ₹57.56 lakhs in Q3FY25, representing a decrease from the previous year. Other income contributed ₹12.00 lakhs compared to ₹16.09 lakhs in the corresponding quarter last year. The total income from operations stood at ₹66.13 lakhs, down from ₹73.65 lakhs in Q3FY25.

Expense Structure

Total expenses for the quarter amounted to ₹84.85 lakhs compared to ₹75.10 lakhs in Q3FY25. Employee benefit expenses increased to ₹27.92 lakhs from ₹24.12 lakhs year-on-year. Administration expenses rose to ₹32.74 lakhs from ₹25.35 lakhs, while other expenditure decreased to ₹18.89 lakhs from ₹22.21 lakhs in the corresponding quarter.

Nine-Month Performance Highlights

Despite quarterly challenges, the company demonstrated strong nine-month performance with a net profit of ₹18.80 lakhs for the period ended December 31, 2025, compared to ₹11.50 lakhs in the corresponding nine-month period of the previous year.

Auditor's Observations

The statutory auditors, Bhuta Shah & Co LLP, conducted a limited review and highlighted two significant concerns. First, gratuity liability for employees has not been provided as required by Ind AS 19 on Employee Benefits, with the impact remaining unquantified due to the absence of actuarial valuation. Second, long-term loans amounting to ₹16,65,40,533 and current account outstanding balance of ₹8,02,444 as on December 31, 2025, are receivable from KBS Capital Management Singapore Pte Ltd, which has been struck off, with no provision made for these amounts.

Corporate Information

KBS India Limited operates exclusively in the shares and stock broking segment, with no separate reportable segments as per Ind AS 108 on Operating Segments. The company maintains a paid-up equity share capital of ₹1,082.12 lakhs with a face value of ₹10 per share. The financial results have been prepared in accordance with Ind AS 34 Interim Financial Reporting and comply with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.