BSEK S Oils Ltd-$CriticalNegative
Announced Tue, 7 Jul · 12:32 IST
KS Oils clarifies on CBI news about alleged 75 crore old-era fraud
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
KS Oils clarified media reports stating CBI booked the company, ex-STC CMD, and six officials in an alleged 75 crore trade finance fraud for 2010-2014. The company says it has received no CBI notice. KS Oils was acquired by Soy-Sar Edible Private Limited under IBC liquidation via NCLT Indore order dated Feb 3, 2025. Allegations relate to the pre-acquisition era under old management. Present management is examining the matter. Business operations remain normal.
Likely market impact
Historical fraud allegations from pre-acquisition era under old management. No direct CBI notice received yet. Watch for updates.