Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
K S Oils Ltd informed stock exchanges that Sonali Overseas Private Limited (SOPL) is acquiring a 23.19% stake (3,75,04,086 equity shares) in its holding company, Soy-Sar Edible Private Limited (SSEPL), from Refex Holding Private Limited. The deal is valued at around Rs. 20.12 crore at Rs. 5.365 per share, to be completed by December 31, 2025. SSEPL had nil turnover in FY24-25 and is in the edible oil business. The transaction is a related-party deal as promoters have interest, done at arm's length, and aims to consolidate the business and restructure shareholding of the holding company — K.S. Oils itself is not directly a party to the transaction.
For K S Oils shareholders, this is effectively a change in ownership at the holding-company level, which could indirectly affect controlling interest. Since K.S. Oils is not a direct party and the cash consideration is modest, immediate impact on the listed stock may be limited, but any further change in control could trigger open-offer obligations down the line.