KSOILSNSEK S Oils Limited· Solvent ExtractionHighNeutral
Announced Wed, 13 Aug · 02:14 IST

K S Oils Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2020.

Going ConcernEmphasis Of MatterRevenue DeclinePat NegativeAuditor Mid Year ChangeRelated Party TransactionsResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

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.

Likely market impact

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.