Date: July 07, 2026
Regulatory Clarification
Nature of News Reports
- The company is responding to news reports appearing in print, electronic and social media stating "CBI books ex-STC CMD, six former officials and KS Oils in alleged ₹75 crore trade finance fraud for the period 2010 to 2014"
- This clarification is issued pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company's Official Position
- As of July 07, 2026, the company has not received any notice, communication, summons or any other correspondence from the Central Bureau of Investigation (CBI) in relation to the alleged matter
- The company confirms that the reported matter pertains to the period 2010-2014, which was prior to the acquisition of the company by the current management
Historical Context and Acquisition Details
- K.S. Oils Limited was acquired by Soy-Sar Edible Private Limited pursuant to the liquidation process under the Insolvency and Bankruptcy Code, 2016
- The acquisition was completed in accordance with the order dated February 3, 2025 passed by the Hon'ble National Company Law Tribunal, Indore Bench
- The allegations relate to the period when the affairs of the company were under the control and management of the erstwhile management, prior to acquisition by the present management
Current Management Actions
- The present management is examining the matter and will take such precautionary and legal steps as may be considered appropriate
- Any actions will consider the rights available under the approved resolution/liquidation process and applicable laws
Operational Status
- The company confirms that business operations continue to operate normally and are not impacted by the news reports
Future Commitments
- The company shall promptly inform the Stock Exchanges of any material development or official communication received in this matter, in accordance with the SEBI Listing Regulations