K S Oils Limited has submitted to the Exchange, the financial results for the period ended December 31, 2022.
Awaiting price reaction for this filing.
K S Oils Limited's board, in a meeting on August 12, 2025, approved a large bundle of pending financial results covering periods from FY2017-18 through Q1 FY2025-26, along with appointing a new Executive Director (Mr. Virendra Kumar Singhvi), a new Statutory Auditor (M/s NIG & Co) and a Secretarial Auditor. The company was admitted to Corporate Insolvency Resolution Process (CIRP) in July 2017 over a Rs 1,51,583 lakh bank debt default, went into liquidation in 2021, and was acquired as a going concern by Soy-Sar Edible Private Limited via an e-auction in December 2023, with NCLT approval received in February 2025. Following NCLT's order, the company moved from 'Delisted' to 'Suspended' status on BSE/NSE on May 5, 2025, and is now working toward relisting. The auditor (M/s Devesh Parekh & Co) issued a review report with an Emphasis of Matter on completely eroded net worth, unverified receivables/payables, and could not form a conclusion on the Q1 FY23 results, which showed a loss of Rs 758 lakh on just Rs 60 lakh of income.
For shareholders, this is largely a catch-up compliance filing after the company's long insolvency and recent acquisition by Soy-Sar Edible Private Limited, not a reflection of fresh business performance — the company has had effectively zero operations since 2017. Stock remains in 'Suspended' category, so any trading is illiquid; investors should watch for the actual relisting approval and the reconstituted board's first operational update rather than these back-dated results.