Shares of Kaynes Technology Ltd. fell another 12% on Monday, December 8, extending their losses after witnessing the worst week since listing last week.

In an analyst call earlier this morning, the company's management clarified that there are no intangible assets involved in the acquisition of Sensonic and their financial statements are presented in a relevant and reliable manner.

A small typo error occurred in one of its subsidiaries, and the management acknowledged there was just one mistake of not mentioning in the notes to accounts related party disclosures, which will be duly corrected now.

The management went on to add that there are no inconsistencies in the financial accounting and most of the implications made by Kotak Institutional Equities in its report last week, are not va

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