The Board Meeting held on today August 12, 2025, to consider and approve the Financial Result (Standalone) Audited & Un-Audited for FY 2020-21
Awaiting price reaction for this filing.
K.S. Oils, which was under CIRP since July 2017, ordered for liquidation in March 2021, and acquired as a going concern by Soy-Sar Edible Private Limited via NCLT auction (approved February 2025), has now cleared years of pending regulatory filings. The board approved audited/unaudited standalone financial results spanning FY 2017-18 through Q1 FY 2025-26. For Q1 FY2020-21, the company reported zero revenue from operations, total income of just ₹3 lakhs, a loss before tax of ₹837 lakhs, and an EPS of -₹0.18. The auditor flagged going-concern issues, fully eroded net worth, and inability to verify ₹15,465 lakhs of payables and ₹615 lakhs of receivables, and notably declined to give any review conclusion. The company also appointed a new Executive Director, new statutory auditor (M/s NIG & Co. for 5 years), a secretarial auditor, and noticed AGMs from the 31st to 39th to clear its long backlog.
This is essentially a housekeeping/catch-up filing from new management after acquisition rather than a meaningful operating update. Shareholders should note that pre-acquisition financials show a company with zero revenue, fully eroded net worth, and ₹1,52,770 lakhs of unpaid secured bank loan interest — the audit report is heavily qualified with the auditor declining to give a conclusion. Stock remains in 'Suspended' status on BSE/NSE pending relisting approval, so trading liquidity will remain restricted.