K S Oils Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
Awaiting price reaction for this filing.
K S Oils Limited (now acquired by Soy-Sar Edible Private Limited) submitted a comprehensive set of unaudited/audited standalone financial results, covering a backlog of periods from FY 2017-18 through Q1 FY 2025-26, in a single filing. The company reported zero revenue from operations during the period, with Q1 FY25 (June 2024) showing a net loss of Rs 5.35 lakh and H1 FY25 (Sep 2024) showing a loss of Rs 17.08 lakh (EPS of Rs -0.37). FY24 full-year loss stood at Rs 42.22 lakh. The auditor (Devesh Parekh & Co) added an 'Emphasis of Matter' regarding the going-concern basis tied to the NCLT acquisition order dated Feb 3, 2025. The Board also approved a new statutory auditor (M/s NIG & Co), a new Executive Director (Mr. Virendra Kumar Singhvi), a new Secretarial Auditor, shifting of the registered office, and notices for 9 consecutive AGMs (31st to 39th).
These are catch-up filings for a company emerging from CIRP/liquidation. The stock is currently in 'Suspended' status on BSE/NSE after a Feb 2025 NCLT order allowed relisting. With zero operating revenue, historical losses, prior forensic-audit-flagged related-party irregularities, and an emphasis-of-matter from the auditor, near-term operations remain uncertain. The relisting and revival under the new acquirer is the key watch point for shareholders.