The Board Meeting held on August 12, 2025 to consider and approve the financial result (Standalone) AUdited & Un-Audited for FY 2017-18

K S Oils' board, on August 12, 2025, cleared a massive backlog of financial results covering FY 2017-18 through FY 2024-25 — about seven years' worth of filings submitted at once because the company was under insolvency proceedings. The company went through CIRP from July 2017, was ordered into liquidation, and was ultimately acquired as a going concern by Soy-Sar Edible Private Limited through an NCLT order dated February 3, 2025. For the nine months ended December 2017, the company reported zero revenue from operations and a net loss of Rs 2,702 lakhs; for full-year FY 2016-17 (Audited) it booked exceptional items of Rs 50,910 lakhs leading to a Rs 57,850 lakh net loss. The auditor (Aditi Gupta & Associates) issued a Disclaimer of Opinion for FY 2017-18, highlighting eroded net worth, liabilities exceeding assets, unverified receivables of Rs 615 lakhs and payables of Rs 15,465 lakhs, and ongoing forensic-audit findings that the previous management had syphoned off funds. The board also appointed a new Executive Director (Mr. Virendra Kumar Singhvi), a new statutory auditor (M/s NIG & Co. for five years), and a secretarial auditor.