K S Oils Limited has informed the Exchange regarding Appointment of Internal Auditor of the company.
Awaiting price reaction for this filing.
K S Oils Limited's board met on February 12, 2026 and approved unaudited financial results for Q3 and nine months ended December 31, 2025. The company reported revenue from operations of Rs 3,654 lakhs in Q3 FY26 (compared to nil in the prior-year period), but posted a net loss of Rs 688 lakhs for the quarter and Rs 1,892 lakhs for the nine months, with EPS of negative Rs 0.40 and Rs 1.11 respectively. The board also approved several governance policies and appointed Ernst & Young LLP as the new Internal Auditor for FY 2025-26. The company, now acquired by Soy-Sar Edible Private Limited through an NCLT order, is gradually restarting operations and preparing results on a going concern basis.
The revenue restart is a positive sign post-acquisition, but continued losses and higher expenses (Rs 4,414 lakhs in Q3) versus revenue (Rs 3,654 lakhs) mean the company is still burning cash. Appointment of a top-tier firm like EY as Internal Auditor may improve governance and internal controls, which is a mild positive for shareholder confidence.