K S Oils Limited has informed the Exchange about Action(s) initiated in pursuant to Regulation 29(1) & 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 as amended from time to time, we would like to inform that, in accordance with the Hon'ble National Company Law Tribunal, Indore Bench, order dated 03.02.2025, the Company would allot 84,91,559 Equity Shares to 5% existing Non-Promoter Public Shareholders through Resolution by Circulation which would be initiated tentatively by Thursday, July 24, 2025.
Awaiting price reaction for this filing.
K S Oils Limited, now acquired by Soy-Sar Edible Private Limited, will allot 84,91,559 equity shares (approximately 84.92 lakh shares) to its existing non-promoter public shareholders who hold 5% or more in the company. This allotment is being done in line with an order from the National Company Law Tribunal (NCLT), Indore Bench, dated 3 February 2025, as part of a court-approved resolution plan following the company's acquisition. The board will approve the allotment through a Resolution by Circulation, tentatively on Thursday, 24 July 2025. The filing has been made to both BSE and NSE under SEBI's Listing Regulations.
This is a court-mandated share allotment tied to the company's resolution plan, not a fresh fundraising. It will slightly increase the share count (dilution) for existing minority shareholders, while giving qualifying public shareholders a recovery under the approved NCLT plan. The stock price impact is expected to be neutral to mildly negative due to the dilution, though the allotment itself is a procedural step in the company's revival.