K S Oils Limited has submitted to the Exchange, the financial results for the period ended December 31, 2020.
Awaiting price reaction for this filing.
K.S. Oils Limited has filed a batch of delayed financial results covering FY 2017-18 through Q1 FY 2025-26, following its acquisition by Soy-Sar Edible Private Limited. The company was admitted to Corporate Insolvency Resolution Process (CIRP) in July 2017, was auctioned to Soy-Sar in December 2023, and received NCLT approval for the acquisition as a going concern in February 2025. Shares, delisted from BSE/NSE in 2018, now carry a 'Suspended' status pending relisting. For Q1 FY 2020-21 (the period ending June 30, 2020), the company reported zero revenue from operations, total expenses of ₹837 lakhs (mostly depreciation), and a net loss of ₹837 lakhs (EPS of ₹(0.18)). The auditor, Devesh Parekh & Co. (appointed May 2025), declined to provide any conclusion on the results, citing inability to verify inventories, payables, receivables, and fixed assets. A forensic audit revealed that the erstwhile management had siphoned off funds and defrauded creditors, with unpaid interest on secured bank loans of ₹15,277 crores.
The shares are currently suspended, not actively tradable, so this filing is mainly about clearing past compliance backlogs ahead of a possible relisting. Retail investors should note the deeply distressed history — fully eroded net worth, zero operating revenue in the reported period, and a disclaimer-level audit opinion. The new management's ability to revive operations and complete relisting will be the key things to watch.