K S Oils Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2020.
Awaiting price reaction for this filing.
K S Oils' reconstituted board, at its August 12, 2025 meeting, approved a large batch of long-pending financial results covering Q3 FY2017-18 through Q1 FY2025-26, along with calling nine consecutive AGMs (31st to 39th) for fiscal years 2016-17 to 2024-25. The company was admitted into the Corporate Insolvency Resolution Process (CIRP) in July 2017, was delisted from BSE and NSE in 2018, and was acquired as a going concern by Soy-Sar Edible Private Limited via an NCLT order dated February 3, 2025. For the headline quarter (Q1 FY21, ended June 30, 2020), the company reported zero revenue from operations and a net loss of Rs 837 lakhs (EPS of Rs -0.18). The statutory auditor, Devesh Parekh & Co. (newly appointed in May 2025), issued an Emphasis of Matter noting continuous losses, fully eroded net worth, unsecured status of secured loans of Rs 1,52,770 lakhs, and forensic-audit findings of fund siphoning by erstwhile management, and explicitly stated they could not provide a conclusion on the statements.
For shareholders, this filing is essentially a regulatory catch-up exercise by the new acquirer to bring years of unfiled results into compliance rather than a reflection of current operating performance. The Q1 FY21 numbers show no operating business (zero revenue) and a continued loss, and the auditor's disclaimer signals serious historical data integrity issues. The stock is currently in 'Suspended' status on both exchanges pending relisting, so trading remains restricted.