Appointment of Mr. Virendra Kumar Singhi as an Additional Director of the Company
Awaiting price reaction for this filing.
K.S. Oils Limited's Board, meeting on August 12, 2025 under its new management (Soy-Sar Edible Pvt Ltd, which acquired the company via liquidation auction in Dec 2023), approved a wide set of housekeeping items. These include clearance of overdue standalone financial results for FY 2017-18 through Q1 FY 2025-26, shifting of the registered office, and notices for nine consecutive AGMs (31st to 39th). Mr. Virendra Kumar Singhvi (DIN: 00028824), a B.Com, CA (Final) with 34 years' experience in chemical industries and real estate, was appointed as Executive Director for a 5-year term. New statutory auditors M/s NJG & Co. and secretarial auditors M/s Ranjeet Pandey & Associates were also appointed for 5-year terms. Q1 FY26 results show the loss widened to Rs 688 lakh from Rs 535 lakh in Q1 FY25, with the company generating no revenue from operations.
Stock remains in 'Suspended' category on BSE/NSE as relisting is still being processed, so shareholders cannot trade yet. The director and auditor appointments signal post-acquisition governance normalisation, but with no revenue and mounting losses, near-term business outlook stays weak until operations restart.