K S Oils Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
K S Oils Limited's board, meeting on August 12, 2025, approved audited and unaudited financial results for multiple years (FY 2017-18 through Q1 FY 2025-26), with Q1 FY26 showing a loss of Rs 688 lakhs on zero revenue from operations. The company appointed M/s NJG & Co., Chartered Accountants as the new Statutory Auditor for a five-year term starting from the 39th AGM until the 44th AGM in 2030, replacing the previous auditor. Mr. Virendra Kumar Singhvi (DIN: 00028824) was appointed as an Additional Executive Director for a five-year term, and M/s Ranjeet Pandey & Associates was named Secretarial Auditor. The filing also covers notices for nine consecutive AGMs (31st through 39th), suggesting the company is catching up on pending shareholder meetings.
For shareholders, this filing represents a significant catch-up exercise as the company, which went through CIRP and was acquired by Soy-Sar Edible Private Limited, moves toward operational relisting. The continued losses and zero revenue signal that the edible oil business has not yet restarted, though the new management and auditor appointments lay groundwork for future activity. Investors should note the stock remains in 'Suspended' status on BSE and NSE pending full relisting.