K S Oils Limited has issued a clarification regarding news reports alleging a ₹75 crore trade finance fraud between 2010 and 2014, involving the ex-STC CMD, six former officials, and the company. As of July 7, 2026, the company stated it has not received any official notice, communication, or summons from the Central Bureau of Investigation (CBI) concerning this matter. K.S. Oils Limited was acquired by Soy-Sar Edible Private Limited through a liquidation process under the Insolvency and Bankruptcy Code, 2016, as per the National Company Law Tribunal's order dated February 3, 2025. The allegations pertain to a period before the company's acquisition and were under the control of the previous management. The current management is reviewing the situation and will take appropriate legal steps. The company confirmed that the reported matter predates its acquisition, that no official CBI communication has been received, and that business operations continue normally without impact from these reports. K.S. Oils Limited has pledged to promptly inform the stock exchanges of any material developments or official communications.
