Appointment of Internal Auditor.
Awaiting price reaction for this filing.
K S Oils Limited's board, at its meeting on February 12, 2026, appointed Ernst & Young LLP as the company's Internal Auditor for FY 2025-26 under Section 138 of the Companies Act, 2013. The board also approved the unaudited financial results for Q3 and nine months ended December 31, 2025. Revenue from operations for Q3 FY26 stood at ₹3,654 lakhs versus just ₹129 lakhs in the previous quarter and nil in Q3 FY25, reflecting the gradual restart of business after the company was acquired as a going concern by Soy-Sar Edible Private Limited. The company reported a net loss of ₹688 lakhs for the quarter and ₹1,892 lakhs for the nine months, with a basic EPS of ₹(0.40) and ₹(1.11) respectively. Several corporate policies were also approved, including Risk Management, POSH, Related Party Transactions, and Whistle Blower policies.
The appointment of a reputed global firm like EY as internal auditor should strengthen internal controls and governance, which is positive for credibility. However, the company continues to post losses and is only in the early stages of restarting operations post-acquisition, so financial performance remains weak despite improving revenue.