35th Annual Report (2020-21) of the Company
Awaiting price reaction for this filing.
K.S. Oils Limited is convening its 35th AGM (for FY 2020-21) and 36th AGM (for FY 2021-22) on September 26, 2025, via video conferencing. The company has been acquired by Soy-Sar Edible Private Limited, and the new management is now preparing financial statements that were previously in default. The company had gone into Corporate Insolvency Resolution Process (CIRP) in July 2017 under IBC and was ordered into liquidation by NCLAT on March 16, 2021. M/s Devesh Parekh & Associates is being appointed as the new Statutory Auditor for a five-year term (FY 2020-21 to 2024-25), replacing the previous firms. E-voting window runs from September 23 to September 25, 2025.
The filing is largely procedural, covering AGM logistics and e-voting. However, the significant delay in holding AGMs (for FY 2020-21 being held in 2025) and the history of insolvency and liquidation signal ongoing corporate governance and operational legacy issues. Shareholders should review the Annual Report carefully for financial health and any qualifications from the new auditor.