The Board Meeting held on August 12, 2025, to consider and approved the Financial Result (Standalone) Audited & Un-Audited fir FY 2022-23
Awaiting price reaction for this filing.
K.S. Oils Limited's reconstituted board (acquired by Soy-Sar Edible Private Limited as a going concern via NCLT order dated Feb 3, 2025) cleared a massive backlog of financial results covering FY 2017-18 through Q1 FY 2025-26 in a single sitting on August 12, 2025. The results for the historically significant periods show zero revenue from operations, a net loss of Rs 758 lakhs for Q1 FY23 and Rs 3,402 lakhs for FY22, with the company's net worth completely eroded and Rs 1,51,583 lakhs of unpaid bank loan interest. Auditor Devesh Parekh & Co. flagged an Emphasis of Matter on continuous losses, eroded net worth, current liabilities exceeding current assets, and inability to verify payables/receivables. The company was delisted in 2018 during CIRP and is now in 'Suspended' status on BSE/NSE after NCLT allowed relisting. New statutory auditor M/s NIG & Co. and secretarial auditor Ranjeet Pandey & Associates were appointed, along with Mr. Virendra Kumar Singhvi as additional Executive Director, and 9 consecutive AGMs (31st to 39th) were scheduled to regularize compliance.
This is essentially a regulatory catch-up filing post-insolvency resolution, not a reflection of current operations. Historical financials are deeply negative, but the company has been acquired as a going concern with prior management's defaults waived. Shareholders should view this as procedural compliance rather than operating performance; the stock remains in 'Suspended' status and clarity on post-acquisition business revival is needed.