37th AGM''s Voting Result and Scrutinizers report of K.S. Oils Limited for the Financial Year 2022-23.
Awaiting price reaction for this filing.
K S Oils Limited held its 37th AGM on September 29, 2025 via video conferencing, where one ordinary resolution was put to vote — adoption of the audited financial statements for FY ended March 31, 2023. Out of 45.92 crore total outstanding shares, only 11.72 lakh shares (0.2554%) were voted, indicating extremely low shareholder participation. The resolution passed with a thin margin — 6,08,119 votes (51.86%) in favor versus 5,64,526 votes (48.14%) against. Notably, the promoter and promoter group, who hold 3.46 crore shares, did not cast any votes at all. Only 35 public shareholders attended the meeting through video conferencing. The AGM being held nearly 2.5 years after the end of FY 2022-23 points to significant delays in the company's annual compliance cycle.
The razor-thin vote margin and near-total absence of promoter voting raise corporate governance red flags for retail investors. The severe delay in holding the AGM for FY 2022-23 and the abysmally low voting turnout suggest the company may be facing operational or compliance challenges that could weigh on investor confidence.