We wish to inform you that the Board of Directors in the Meeting held on today i..e August 12, 2025, approved the Financial Result (Audited & Un-Audited) (Quartely & Yearly) For FY 2016-17 ....
Awaiting price reaction for this filing.
K.S. Oils Limited, which was admitted into insolvency in 2017 and later acquired by Soy-Sar Edible Private Limited (SEPL) via NCLT order dated February 3, 2025, has cleared a massive backlog of financial results covering FY 2016-17 through Q1 FY 2025-26 in a single board meeting on August 12, 2025. The newly reconstituted board reported zero revenue from operations, with a loss of ₹535 lakhs in Q1 FY25 (Jun 30, 2024) and ₹1,069 lakhs for H1 FY25 (Sep 30, 2024). The auditor (Devesh Parekh & Co.) issued an Emphasis of Matter on the going-concern acquisition by SEPL and pending forensic-audit and IBC-related sub-judice matters involving the erstwhile management. The board also appointed a new Executive Director (Virendra Kumar Singhvi), a new statutory auditor (M/s NIG & Co.), and a new secretarial auditor, and called nine AGMs (31st through 39th) to complete pending shareholder approvals.
The stock remains effectively non-operational with no revenue and continued losses, but the going-concern acquisition by SEPL and the planned relisting (status changed from Delisted to Suspended on BSE/NSE w.e.f. May 5, 2025) signal a possible revival path. Shareholders should note the unusually large catch-up filing of nearly a decade of results, multiple AGMs being bunched together, and ongoing litigation risks from the prior management's questionable related-party transactions.