The Board meeting held on August 12, 2025 to consider and approve the financial result (standalone) Audited & Un-Audited for FY 2018-19
Awaiting price reaction for this filing.
K.S. Oils' newly constituted board approved the long-pending FY 2018-19 quarterly and annual financial results on August 12, 2025, years after they were originally due. During the reported period the company had zero revenue from operations and posted continuous losses — Rs 850 lakhs loss in Q1 FY19, Rs 854 lakhs loss in Q2 FY19, and a Rs 3,637 lakhs loss for FY18. The company entered insolvency (CIRP) in July 2017, was eventually auctioned, and acquired by Soy-Sar Edible Private Limited as a going concern under an NCLT order dated February 3, 2025. The newly appointed auditor, Aditi Gupta & Associates (appointed May 2025), declined to provide any conclusion on the results, citing inability to verify inventory, fixed assets, receivables, and payables, and highlighted that net worth was completely eroded with current liabilities exceeding current assets. The stock, previously delisted, has been moved to 'Suspended' status on BSE and NSE effective May 5, 2025.
These are historical, backdated compliance filings by the new acquirer's management and do not reflect current business performance. The auditor refused to give any conclusion, and forensic findings suggest past management siphoned funds, so results should be read with extreme caution. The stock remains suspended from trading and is not yet relisted for active retail participation.