K S Oils Limited has informed the Exchange regarding Proceedings of 38th Annual General Meeting for the Financial Year ended 31st, March 2024 held on September 29, 2025.
Awaiting price reaction for this filing.
K.S. Oils Limited held its 38th Annual General Meeting on September 29, 2025 via video conferencing, with 34 members in attendance. The company disclosed that it underwent Corporate Insolvency Resolution Process (CIRP) starting July 2017 and was ordered into liquidation by NCLAT in March 2021. A new Board of Directors took charge on February 7, 2025, after NCLT's February 3, 2025 order, following acquisition by Soy-Sar Edible Private Limited. Only one ordinary resolution was transacted: adoption of audited standalone financial statements for FY ended March 31, 2024. Auditors flagged material uncertainty about the company's ability to continue as a going concern due to past defaults, operational shutdowns, and inability to generate positive cash flows. E-voting results are to be announced within two working days.
This is a procedural filing with no direct price impact, but the disclosures confirm the company's history of insolvency, liquidation, and recent revival under new management. Shareholders should note the going-concern flag from auditors, though the new board has expressed commitment to revival and growth.