K-Lifestyle & Industries Ltd (514221)
Latest quarterly results (Q3 FY20)
In its latest reported quarter, Q3 FY20, K-Lifestyle & Industries' revenue was ₹0.9 Cr (-65.5% year on year, -20.7% on the previous quarter), and net profit ₹-1.1 Cr (a smaller loss than a year earlier); the operating margin was -31.5%.
| Q3 FY20 (₹ Cr) | Value | YoY vs Q3 FY19 | QoQ |
|---|---|---|---|
| Revenue | ₹0.9 | -65.5% | -20.7% |
| Operating profit | ₹-0.3 | to loss | to loss |
| Net profit | ₹-1.1 | loss narrowed | loss widened |
| EPS (₹) | -0.01 | loss narrowed | — |
| Operating margin | -31.5% | — | — |
📢 Recent Corporate Announcements
K-Lifestyle & Industries announced that the 14th meeting of its Committee of Creditors (CoC) was held on October 3, 2026, via video conferencing. The company continues to undergo Corporate Insolvency Resolution Process (CIRP) under petition CP(IB)625(AHM)2018. Specific voting outcomes or commercial resolution decisions taken during the meeting were not disclosed in the filing. The company is severely distressed, with total debt of Rs 326 Cr against a negative net worth of Rs -304 Cr.
- 14th Meeting of the Committee of Creditors convened on October 3, 2026
- Meeting conducted via video conferencing under IBC regulations
- Company is currently under CIRP pursuant to case CP(IB)625(AHM)2018
- Specific resolutions and voting outcomes were not disclosed in the intimation
K-Lifestyle & Industries, currently under Corporate Insolvency Resolution Process (CIRP) with a massive debt of ₹326 cr, held its 11th Committee of Creditors (CoC) meeting on July 23, 2026. The meeting revealed a serious security breach where an individual impersonated a suspended director to gain unauthorized access to confidential proceedings. Despite disciplinary orders issued against the Resolution Professional (RP) in March and May 2026, the CoC unanimously voted to retain him to avoid delays and costs. The company remains in severe financial distress with a negative net worth of ₹304 cr and TTM revenue of just ₹3 cr.
- 11th CoC meeting held on July 23, 2026, involving major lenders like Bank of Baroda, UCO Bank, and Indian Bank.
- Fraudulent impersonation of suspended director Mr. Jaiprakash Mishra discovered during the meeting; CoC directed filing of an FIR.
- CoC unanimously resolved to retain RP Ajit Kumar despite Disciplinary Committee orders dated March 30 and May 5, 2026.
- Suspended director Mr. Ghumatkar alleged that company matters are handled by the 'Tayal Group' rather than the board.
- Company faces a debt of ₹326 cr against a market capitalization of only ₹19 cr.
Financial Performance
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Operational Drivers
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Strategic Growth
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External Factors
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Regulatory & Governance
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Risk Analysis
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