Appointment of Statutory Auditor of the Company
Awaiting price reaction for this filing.
K.S. Oils Limited's board, at its meeting on August 12, 2025, approved the appointment of M/s NJG & Co., Chartered Accountants (FRN: 019718N) as the new Statutory Auditor for five consecutive years from the 39th AGM (2025) until the 44th AGM (2030), subject to shareholder approval. The board also appointed Mr. Virendra Kumar Singhvi (DIN: 00028824) as an Additional Executive Director for a 5-year term and M/s Ranjeet Pandey & Associates as Secretarial Auditor. The filing includes a massive catch-up of unaudited and audited financial results from FY 2017-18 through Q1 FY 2025-26, with Q1 FY26 showing a loss of Rs 688 lakhs and FY25 full-year loss of Rs 2,667 lakhs on zero revenue from operations. The company, formerly under CIRP and liquidation, was acquired by Soy-Sar Edible Private Limited via e-auction in December 2023, and its shares were recently changed from 'Delisted' to 'Suspended' status on BSE/NSE effective May 5, 2025, as part of the relisting process.
For shareholders, this marks continued housekeeping and corporate governance rebuilding by the new management post-acquisition by Soy-Sar Edible Private Limited, including auditor appointments and multi-year AGM catch-up. However, the absence of revenue from operations and persistent losses indicate the business has not yet restarted meaningfully, and the stock remains in 'Suspended' status pending full relisting—so trading liquidity and business recovery remain key concerns for investors.