K S Oils Limited has informed the Exchange about K S Oils Limited has informed the Exchange about the Board Meeting held on August 12, 2025 to consider and approved the unaudited & Audited (Standalone) Financial Results for 2020-21
Awaiting price reaction for this filing.
K.S. Oils Limited's board, on August 12, 2025, approved a massive catch-up of unaudited and audited standalone financial results spanning eight financial years (FY2017-18 through FY2025-26 Q1). The company was originally admitted to insolvency in July 2017, went through liquidation, and was acquired as a going concern by Soy-Sar Edible Private Limited following an NCLT order dated February 3, 2025. The newly reconstituted board also appointed Mr. Virendra Kumar Singhvi as Executive Director, M/s NIG & Co. as new statutory auditors for a 5-year term, and a new secretarial auditor. For the period covered by the limited review (9 months ended Dec 2017), the company reported revenue of just Rs 210 lakhs versus Rs 555 lakhs in the prior comparable period, with a net loss of Rs 2,702 lakhs and finance costs of Rs 2,478 lakhs. The auditor flagged a disclaimer of opinion for FY March 2018, noting complete erosion of net worth, current liabilities exceeding current assets, suspect related-party transactions by the erstwhile management, and inability to verify receivables/payables.
This is largely a regulatory housekeeping announcement aimed at bringing the company back into compliance after years of insolvency-related disruption. The financial results reflect a deeply distressed historical period with massive losses (Rs 50,910 lakhs exceptional item in FY17). For shareholders, the relisting process is progressing — the stock moved from 'Delisted' to 'Suspended' status on May 5, 2025 — but no current operating financials are provided, making the investment case speculative until post-acquisition trading results emerge.