K S Oils Limited appointed Pawan Mendiratta as Chief Financial Officer effective September 2, 2026. The board approved the appointment during its meeting held on the same date.

The decision followed a recommendation from the Nomination and Remuneration Committee. The appointment aligns with Section 203 of the Companies Act, 2013, and Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Appointment Details

Mr. Mendiratta brings 25 years of experience in finance and accounting to the role. He is a qualified Chartered Accountant with senior leadership tenures at Mangal Electrical Industries Limited, MG Motors, Cargo Motors Pvt. Ltd, DJVOW Ltd, and Luxor Group.

His expertise covers financial statement preparation, comprehensive analysis of books of accounts, and assurance engagements including statutory audits, limited reviews, and internal audits. His professional background spans diverse industries, notably manufacturing.

The company disclosed no relationship between Mr. Mendiratta and existing directors. Terms of appointment follow the agreement and company policy decided by the board.

K S Oils Limited (NSE: KSOILS) reported a standalone loss of ₹5.76 crore for the quarter ended June 30, 2026, compared to a loss of ₹6.88 crore in the same quarter of the previous financial year. The company’s revenue from operations expanded significantly to ₹162.09 crore, up from nil in the prior year, as it resumed commercial operations following its acquisition.

The Board of Directors approved the unaudited financial results on August 13, 2026. The results were reviewed by statutory auditors NJG & Co., which issued an unmodified opinion with an emphasis of matter regarding the change in control and non-comparability of prior-year figures.

Financial Performance

Revenue growth was driven by the restart of edible oil manufacturing operations. In the corresponding quarter of FY25, the company had not commenced commercial activities. Consequently, the current quarter’s figures are not comparable with the prior year, as noted by the auditors.

Note: Q4FY25 showed a net profit of ₹4.92 crore due to deferred tax adjustments.

What the Numbers Show

The company’s cost structure indicates significant operational scaling. Cost of materials consumed stood at ₹116.96 crore, representing approximately 72% of total revenue. This high input cost ratio is typical for edible oil refining but highlights margin pressure during the initial phase of resumed operations. Additionally, changes in inventories accounted for ₹35.47 crore of expenses, suggesting active stock buildup or valuation adjustments as production ramps up.

Corporate Developments

The company was acquired as a going concern under the liquidation process by Soy-Sar Edible Private Limited (SEPL), approved by the National Company Law Tribunal, Indore Bench, on February 3, 2025. Under new management, K S Oils revived its manufacturing operations during FY26.

The Board also approved an application to the Registrar of Companies for an extension of the 40th Annual General Meeting for FY25-26.