K S Oils Limited has submitted to the Exchange, the financial results for the period ended December 31, 2021.
Awaiting price reaction for this filing.
K.S. Oils Limited has cleared a large backlog of financial results, covering quarters and full years from FY 2017-18 through Q1 FY 2025-26, after the company was acquired by Soy-Sar Edible Private Limited on a going-concern basis via an NCLT order dated February 3, 2025. For the quarter ended June 30, 2021, the company reported zero revenue from operations and a loss of Rs 920 lakhs, continuing its track record of accumulated losses with completely eroded net worth. The new auditor Devesh Parekh & Co (appointed May 2025) issued an emphasis of matter and was unable to verify several balance sheet items including payables (Rs 15,465 lakhs), receivables (Rs 615 lakhs), inventory (Rs 922 lakhs) and capital work-in-progress (Rs 2,624 lakhs). The board also appointed a new executive director, a new statutory auditor (M/s NIG & Co.) and a secretarial auditor, and set out multiple AGM notices (31st to 39th). The company was earlier delisted in 2018; NSE/BSE have now changed its status to 'Suspended' effective May 5, 2025 pending relisting.
For shareholders, this is largely a catch-up disclosure for years the company was in insolvency and delisted; current operations show no revenue and continued losses. The going-concern qualification reflects reliance on the new acquirer (Soy-Sar Edible), and the stock remains suspended rather than actively traded.