BSEK S Oils Ltd-$HighNeutral
Announced Tue, 12 Aug · 21:06 IST

The Board Meeting held on today August 12, 2025, to consider and approved the financial Result (Standalone) Audited & Un-audited for FY 2021-22

Going ConcernEmphasis Of MatterQualified OpinionRevenue DeclinePat NegativeAuditor Mid Year ChangeResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

K S Oils Limited's reconstituted Board (post acquisition by Soy-Sar Edible Pvt Ltd) approved audited and unaudited financial results spanning FY 2017-18 through Q1 FY 2025-26 at its August 12, 2025 meeting. The company was under CIRP from July 2017, with NCLT approving acquisition by Soy-Sar Edible in February 2025; share status changed from 'Delisted' to 'Suspended' on BSE/NSE effective May 5, 2025. Historical results reveal zero revenue from operations during the CIRP period, with a Q1 FY22 net loss of Rs 920 lakhs and FY21 full-year loss of Rs 3,326 lakhs. New appointments include Executive Director Virendra Kumar Singhvi, statutory auditor M/s NIG & Co, and secretarial auditor M/s Ranjeet Pandey & Associates. The company is catching up by convening AGMs 31 through 39 over September 2025 and releasing pending Annual Reports for FY 2016-17 to FY 2024-25.

Likely market impact

Existing shareholders should note the stock remains in 'Suspended' status pending relisting approval, and the historical financials show the business had essentially no revenue during the long insolvency period. Revival prospects now depend entirely on the new acquirer's operating plan and relisting outcome.