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, acquired by Soy-Sar Edible Private Limited through IBC liquidation (NCLT order dated Feb 3, 2025), submitted a revised board meeting outcome covering years of catch-up corporate actions. The board approved unaudited and audited standalone financial results for FY2017-18 through Q1 FY2025-26, appointment of Mr. Virendra Kumar Singhvi (DIN: 00028824) as Additional Executive Director for 5 years, M/s NJG & Co. as new Statutory Auditors, and M/s RPA & Partners as Secretarial Auditor. The board also approved shifting the registered office, annual reports for FY2016-17 to FY2024-25, and notices for 9 consecutive AGMs (31st to 39th). Q1 FY2024-25 results showed zero revenue from operations and a net loss of Rs 5.35 lakh. The company was delisted in 2018 and changed status to 'Suspended' on BSE/NSE from May 5, 2025 after the NCLT allowed relisting.
This is essentially a fresh-start compliance filing by the new management post-IBC acquisition, not a typical operational update. The back-logged financials reveal the company had no revenue during the reported period and ran at a loss. The stock remains in 'Suspended' (not active trading) status, so there is no immediate price impact, but shareholders should watch for the AGM outcomes and eventual resumption of trading.