Kotak, in the report, criticised the "ambiguous accounting treatment" of the Iskraemeco acquisition. (Photo: Kaynes Tech website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Kaynes Technology issued a detailed clarification to the stock exchanges after Kotak Institutional Equities raised concerns about its FY25 disclosures. The market reacted ahead of the exchange filing, with the company’s shares falling 4.56% on Thursday to Rs 5,065. The stock has dropped more than 7% in five days and about 22.7% over the past month.

The report from Kotak questioned Kaynes’s financial reporting, the accounting treatment of its smart metering acquisition and the impact of its expansion strategy, prompting the company to respond to each point.

Kotak’s note highlighted the influence o

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