Outcome of Board Meeting for the approval of Financial Results (Standalone) Audited & Un-Audited, held on August 12, 2025
Awaiting price reaction for this filing.
K.S. Oils Limited's board met on August 12, 2025 and approved a large backlog of unaudited and audited standalone financial results covering FY2017-18 through Q1 FY2025-26. The company, originally admitted to insolvency in July 2017 and subsequently ordered into liquidation, was acquired as a going concern by Soy-Sar Edible Private Limited via an NCLT-approved e-auction, with the NCLT order dated February 3, 2025. The newly reconstituted board also appointed Mr. Virendra Kumar Singhvi as Executive Director, M/s NIG & Co. as statutory auditors, and a new secretarial auditor. Notice was issued for multiple AGMs (31st to 39th). Financially, the company reported zero revenue from operations, a loss of Rs 535 lakh in Q1 FY25 and Rs 1,069 lakh in H1 FY25, against a full-year FY24 loss of Rs 4,222 lakh; reserves stand at nil.
Shareholders should note this is essentially a shell company re-emerging from liquidation with no operating revenue and continued losses, now under new management pursuing relisting. The going-concern emphasis from auditors and zero operations mean the stock carries high risk and limited near-term earnings visibility despite the corporate restructuring milestones.