National Stock Exchange (NSE), the country’s premier bourse, will suspend trading in securities of K S Oils and Abhishek Corporation for their failure to comply with provisions of listing agreement. Trading in these securities would be suspended with effect from June 21, this year.
NSE has attributed the suspension to non-compliance with provisions of listing agreement which inter-alia includes non submission of financial results for the period ended December 31, 2012.
K S Oils is one of the India’s Leading integrated edible oil companies. The company manufactures mustard oil, soybean oil, palm oil and vanaspati. It is leader in mustard oil in India and commands 7% market share in the overall mustard oil segment with a dominant 25% market leadership in branded mustard oil.