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 on August 12, 2025 approved a large bundle of items in one go: backdated standalone financial results for FY2017-18 through FY2024-25 plus Q1 FY2025-26, appointment of M/s NJG & Co. as the new statutory auditor for a 5-year term (replacing Devesh Parekh & Co.), appointment of Mr. Virendra Kumar Singhvi as Executive Director, a new secretarial auditor, shifting of the registered office, and notices for multiple AGMs (31st to 39th) covering the missed years. Q1 FY2025-26 results show a loss of about Rs 688 lakh with zero revenue from operations; full-year FY2024-25 loss was Rs 2,667 lakh and EPS for Q1 FY26 was minus Rs 0.41. The filings are catch-up disclosures from the post-acquisition period: Soy-Sar Edible Private Limited won the company's e-auction in Dec 2023, NCLT Indore cleared the going-concern sale in Feb 2025, and BSE/NSE moved the stock status from Delisted to Suspended in May 2025 pending relisting.
This is a back-from-the-dead moment for shareholders: years of missed filings are being cleared and new governance (auditor, director, secretarial auditor) is being installed under the new promoter. However, there is still no revenue and losses are continuing, so the equity remains a turnaround bet rather than an operating business, and the stock is suspended (not yet relisted) so liquidity is limited.