38th Annual Report (2023-24) of the Company
Awaiting price reaction for this filing.
K.S. Oils Limited has submitted its 38th Annual Report for FY 2023-24 along with the notice for the 37th and 38th AGMs, both scheduled for September 29, 2025, conducted via video conferencing. The company had been under Corporate Insolvency Resolution Process (CIRP) from July 2017, with NCLAT passing a liquidation order in March 2022. It was subsequently acquired as a going concern by Soy-Sar Edible Private Limited (SPV of Sherisha Technologies Pvt Ltd) following an NCLT order dated February 3, 2025. BSE/NSE had delisted the stock in 2018, and the status was recently changed from 'Delisted' to 'Suspended' w.e.f. May 5, 2025, with relisting in process. The only AGM business item is adoption of audited standalone financial statements for FY 2023-24. Financials show zero revenue from operations for both FY24 and FY23, with a loss before tax of Rs. 4,222 lakhs in FY24 (wider than Rs. 3,048 lakhs in FY23).
This is a compliance filing under the new management post-insolvency acquisition; the reconstituted board is catching up on pending AGM/annual report obligations. For shareholders, the only AGM agenda item is routine adoption of accounts, with no dividend, fundraising, or strategic announcement. The persistent losses and suspended trading status (not yet relisted) mean the stock remains effectively illiquid and high-risk, though relisting progress could be a near-term catalyst.