Kaynes shares tumble 60% as governance lapses eclipse revenue growth
Despite 33% revenue growth and an ₹8,000 crn order book, Kaynes Technology’s stock has fallen nearly 60% from its October 2025 peak. InGovern’s report blames repeated guidance cuts, weak cash conversion, 125‑day working capital and disclosure omissions, showing that governance hiccups can wipe out billions in market value.