39th Annual Report of the K.S. Oils Limited for Financial year 2024-25.
Awaiting price reaction for this filing.
K S Oils Ltd has circulated the notice for its 39th Annual General Meeting along with the Annual Report for FY 2024-25 to shareholders. The AGM will be held on Friday, December 26, 2025 at 11:30 AM via video conferencing. This is the first AGM following the company's acquisition by Soy-Sar Edible Private Limited under an NCLT order dated February 3, 2025. Shareholders will vote on adopting FY25 financial statements, regularizing several new directors appointed post-acquisition, and appointing new statutory auditor (M/s NJG & Co.) and secretarial auditor for 5-year terms. Key items seeking approval include raising the borrowing limit to ₹600 crore and authorizing related party transactions of up to ₹500 crore with holding company Soy-Sar Edible Private Limited.
This is largely a procedural filing, but the proposed ₹600 crore borrowing limit and ₹500 crore related party transaction approval suggest the new owners are preparing for significant expansion or operational revival. Existing minority shareholders should review the new board composition and related party dealings closely before the December 19 cut-off date for e-voting.