Board Meeting held on today August 12, 2025 to consider and approved the Financial Result (Standalone) Audited & Un-Audited For FY 2019-20.
Awaiting price reaction for this filing.
K S Oils Limited held a board meeting on August 12, 2025, and approved a large backlog of standalone financial results spanning FY 2017-18 through Q1 FY 2025-26, catching up on years of delayed filings after emerging from insolvency. The company was admitted into Corporate Insolvency Resolution Process (CIRP) in July 2017, ordered into liquidation by NCLAT in March 2021, and was acquired by Soy-Sar Edible Private Limited as a going concern following an NCLT order dated February 3, 2025. The auditor issued a Disclaimer of Opinion on the FY 2018-19 results, flagging a completely eroded net worth of negative Rs 2,74,689 lakhs, a net loss of Rs 3,472 lakhs for that year, and zero revenue from operations. The company was relisted (status changed from 'Delisted' to 'Suspended' effective May 5, 2025), and a new statutory auditor (M/s NIG & Co.) and secretarial auditor have been appointed. Notices for nine back-to-back AGMs (31st through 39th) have been issued for September 2025 to clear pending shareholder approvals.
Shareholders should treat this as a distressed-to-restructuring turnaround story: the new management is clearing years of compliance backlog under new ownership, but the deeply negative net worth, zero operating revenue, and a disclaimer of opinion from auditors signal that the business remains in very early-stage recovery. Trading will remain on a 'Suspended' basis on the exchanges, and investors should monitor the relisting process and operational revival closely before taking fresh exposure.