K S Oils Limited has submitted to the Exchange, the financial results for the period ended March 31, 2023.
Awaiting price reaction for this filing.
K S Oils, now under new promoter Soy-Sar Edible Pvt Ltd after an NCLT-ordered acquisition, cleared a massive pile-up of pending filings in one board meeting on Aug 12, 2025. It approved audited and unaudited standalone results for every quarter from FY2017-18 through Q1 FY2025-26, a period during which the company was under CIRP and then liquidation. The latest quarter shown (Q1 FY23) had zero revenue from operations, just Rs 60 lakh of other income against Rs 818 lakh of expenses, producing a net loss of Rs 758 lakh and an EPS of negative Rs 0.17. The auditor flagged that the company has been making continuous losses, its net worth is fully eroded, current liabilities exceed current assets, and forensic audit found fraudulent transactions by the old management. New statutory auditor NIG & Co and secretarial auditor Ranjeet Pandey & Associates were appointed, Mr Virendra Kumar Singhvi joined as Executive Director, and notices were issued for nine AGMs (31st to 39th) to be held in September 2025. The stock is currently 'Suspended' on BSE and NSE after being moved from 'Delisted' in May 2025 following the NCLT's February 2025 relisting order.
For shareholders, this is a long-overdue compliance cleanup rather than a positive earnings story — the underlying business shows zero operational revenue and deep losses. The NCLT-approved acquisition by Soy-Sar provides a going-concern path, but the stock remains suspended from trading and past frauds by the old management are still sub judice.