The Board Meeting held on August 12, 2025 to consider and approved the financial result (Standalone) AUdited & Un-Audited for FY 2023-24
Awaiting price reaction for this filing.
K.S. Oils' new board (appointed after acquisition by Soy-Sar Edible Private Ltd via NCLT order dated Feb 3, 2025) approved a massive catch-up filing of standalone financial results spanning FY2017-18 through Q1FY2025-26. The company has been in CIRP/liquidation since July 2017, got delisted in 2018, and was acquired as a going concern in late 2023 — its stock status is now 'Suspended' on BSE/NSE pending relisting. Key Q1FY24 numbers: zero revenue from operations, total income of Rs 150 lakhs (other income only), net loss of Rs 904 lakhs, EPS of (0.20). Full-year FY23 loss was Rs 3,048 lakhs with EPS of (0.66). Reserves are completely eroded and secured loans of Rs 1,51,583 lakhs remain unpaid. The auditor (Devesh Parekh & Co, newly appointed May 2025) flagged an 'Emphasis of Matter' noting continuous losses, eroded net worth, unverified payables/receivables, and inability to physically verify inventory and fixed assets.
Existing shareholders face high risk — historical losses are severe, the equity is essentially worthless on paper, and the stock remains suspended pending relisting approval. However, with the NCLT-backed acquisition by Soy-Sar Edible Pvt Ltd, prior non-compliances and penalties have been waived, and the new management is working to revive the edible oil business. Stock may react once relisting happens, but investors should treat this as a deeply distressed situation with very speculative recovery prospects.