K S Oils Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
Awaiting price reaction for this filing.
K S Oils Limited, which was acquired by Soy-Sar Edible Private Limited as a going concern via an NCLT order dated February 3, 2025, held a board meeting on August 12, 2025 that approved a large catch-up of pending financial filings. The board approved audited and unaudited standalone financial results spanning FY 2017-18 through Q1 FY 2025-26, along with annual reports for FY 2016-17 to 2024-25, and notices for AGMs 31st through 39th (all scheduled in September 2025). The company also appointed Mr. Virendra Kumar Singhvi as Executive Director, M/s NIG & Co as Statutory Auditors, and M/s Ranjeet Pandey & Associates as Secretarial Auditor, each for a five-year term. The financial results show the company has had no revenue from operations, posting losses of Rs 5.35 lakh in Q1 FY25 and Rs 10.69 lakh for H1 FY25. The stock, which was delisted in 2018, has been moved from 'Delisted' to 'Suspended' status on BSE and NSE effective May 5, 2025, pending relisting.
This is a procedural catch-up filing by new management after the acquisition, not a reflection of current business performance since the company has no operations. Shareholders should note the relisting process is ongoing and the multiple AGM notices suggest years of pending corporate compliance are being addressed at once. The continuing losses and lack of revenue indicate the stock remains highly speculative and not yet a going operational business.