Announcement under Regulation 30 (LODR) Appointment of Secretarial Auditor of the Company
Awaiting price reaction for this filing.
K S Oils Limited's Board, meeting on August 12, 2025, approved a wide range of items. These include the appointment of M/s Ranjeet Pandey & Associates as Secretarial Auditor for five years (FY2025-30) and M/s NJG & Co. as Statutory Auditor for a similar term. The Board also appointed Mr. Virendra Kumar Singhvi as an Additional Executive Director for a five-year term and cleared a huge backlog of unaudited and audited financial results from FY2017-18 through Q1 FY2025-26. Notices were issued for nine separate AGMs (31st to 39th) covering prior years. The Q1 FY2025-26 results show zero revenue from operations and a net loss of Rs 688 lakhs (EPS of negative Rs 0.41).
The filing shows the new management (Soy-Sar Edible Private Limited, which acquired the company via liquidation in Dec 2023) is catching up on years of delayed regulatory filings. The stock remains in 'Suspended' status on BSE/NSE pending relisting approval, and the company is currently generating no revenue, so this is largely a compliance catch-up exercise rather than a positive operational development for shareholders.