K S Oils Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
Awaiting price reaction for this filing.
K S Oils Limited has filed a large set of pending financial results covering 8 financial years (FY 2017-18 through Q1 FY 2025-26) after its acquisition by Soy-Sar Edible Private Limited (SEPL) on a going concern basis via NCLT order dated February 3, 2025. The company, which was under liquidation since 2021 and delisted in 2018, reported zero revenue from operations across all periods, with a net loss of Rs 4,222 lakhs in FY24 and Rs 1,069 lakhs in H1 FY25. Auditor Devesh Parekh & Co. included an Emphasis of Matter noting the going concern basis is dependent on the SEPL acquisition. The company also appointed a new Executive Director (Mr. Virendra Kumar Singhvi), new statutory auditor (M/s NIG & Co.), and new secretarial auditor, and called nine back-logged AGMs (31st to 39th) to be held in September 2025. Trading status was changed from 'Delisted' to 'Suspended' on both BSE and NSE effective May 5, 2025.
This is a deeply distressed stock that has just emerged from an 8-year insolvency/liquidation process with no operating revenue and continuing losses — purely speculative for investors. Shareholders should note the company is currently in 'Suspended' status on the exchanges and a relisting application is pending, meaning liquidity is extremely limited. The going concern assumption relies entirely on the new acquirer's ability to revive operations, and past related party fraud (under forensic audit) remains sub judice.