K S Oils Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2024.
Awaiting price reaction for this filing.
K S Oils Limited's board, in its August 12, 2025 meeting, approved unaudited and audited standalone financial results for multiple periods spanning FY2017-18 through Q1 FY2025-26, along with notices for nine AGMs. The company was acquired by Soy-Sar Edible Private Limited on a going-concern basis via NCLT order dated February 3, 2025, after a long insolvency and liquidation process that began in July 2017. For the quarter ended June 30, 2023, the company reported zero revenue from operations and a net loss of Rs 904 lakhs, with EPS of (0.20). The newly appointed statutory auditor, Devesh Parekh & Co., flagged an emphasis of matter noting continuous losses, fully eroded net worth, current liabilities exceeding current assets, and inability to verify several balance sheet items, and stated they could not provide any conclusion on the financial statements. The company's listing status was changed from 'Delisted' to 'Suspended' effective May 5, 2025, and a new management and auditor have been put in place.
Shareholders should note that the company has emerged from insolvency under new ownership but has been reporting zero revenue and persistent losses, with its net worth fully eroded. The auditor's inability to provide a conclusion and the emphasis of matter on multiple unresolved issues mean that historical numbers carry significant uncertainty, while the relisting process is still in 'Suspended' status rather than fully active trading.