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 2018-19
Awaiting price reaction for this filing.
K.S. Oils Limited has belatedly filed its unaudited standalone financial results for Q1 FY19 (Jun 2018), Q2 FY19 (Sep 2018), and H1 FY19, along with related audit reports. The company reported zero revenue from operations in both quarters, with total income of just Rs 2 lakhs in Q1 and Rs 29 lakhs in Q2, against total expenses of Rs 860 lakhs and Rs 883 lakhs respectively, resulting in net losses of Rs 850 lakhs and Rs 854 lakhs. The company has been under CIRP since July 2017, went into liquidation in March 2021, and was acquired as a going concern by Soy-Sar Edible Private Limited (SEPL) via NCLT auction in February 2025. The new auditor (Aditi Gupta & Associates, appointed May 2025) issued a report with multiple Emphasis of Matter notes on eroded net worth, unsecured loans, current liabilities exceeding current assets, and was unable to verify inventory, fixed assets, receivables, and payables, ultimately declining to provide any audit conclusion. The shares remain in 'Suspended' status on NSE/BSE pending relisting.
This is a delayed, largely historical filing rather than a current performance update — the 2018-19 results reflect the company's distressed state during insolvency, not the newly acquired business under SEPL. Shareholders should note the deeply negative net worth (reserves of Rs -2,73,904 lakhs), massive borrowings (~Rs 2.9 lakh lakhs) against near-zero revenue, ongoing forensic and legal issues from the previous management, and that the stock remains suspended. Any near-term price action will depend on the relisting process and the new management's operational revival, not on these legacy numbers.