Shares of extended their sharp decline for a fourth straight session on Monday, slipping 14.05 per cent to touch a one-year low of Rs 3,746.20. With this, the stock has fallen 30.78 per cent over the last four trading sessions after Kotak Institutional Equities raised concerns over inconsistencies in the company's FY25 related-party disclosures. Advertisement

Kotak pointed out mismatches across filings by Kaynes Tech, Kaynes Electronics Manufacturing, and its subsidiary Iskraemeco, flagging issues around the quality and completeness of disclosures. The brokerage also highlighted a sharp rise in contingent liabilities, which stood at Rs 520 crore, equivalent to 18 per cent of the company's net worth.

As per the company's clarification, major additions to contingent liabilities during the

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