K S Oils Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2018.
Awaiting price reaction for this filing.
K S Oils Limited has filed its long-pending Q1 FY2019 (June 30, 2018) standalone financial results, showing zero revenue from operations and a net loss of Rs 850 lakhs, with EPS of Rs (0.19). The filing is being made by the newly reconstituted board after the company was acquired by Soy-Sar Edible Private Limited (SEPL) as a going concern via NCLT order dated February 3, 2025, following years of insolvency proceedings that began in July 2017. The auditor (Aditi Gupta & Associates, newly appointed in May 2025) was unable to verify inventory, fixed assets, receivables, payables, and could not provide any conclusion on the results. A forensic audit has flagged questionable transactions by the erstwhile management, including possible siphoning of funds and fraudulent transactions. Net worth is completely eroded (reserves of negative Rs 2.73 lakh) and secured loans of Rs 1,52,770 lakhs remain unpaid.
These results reflect the old, insolvent K S Oils and are largely of historical interest — the company has been acquired by SEPL and is seeking to restart operations. However, shareholders face significant uncertainty: equity value is wiped out given negative reserves, the stock is currently in 'Suspended' status on NSE/BSE (not actively tradable), and historical financial irregularities remain sub-judice. Existing shareholders should view this filing as a regulatory catch-up rather than a signal of operational recovery.