K S Oils Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2025
Awaiting price reaction for this filing.
K S Oils Limited has notified the exchanges that its 35th AGM (FY 2020-21) will be held on September 26, 2025 at 11:00 a.m. and its 36th AGM (FY 2021-22) at 4:00 p.m., both via video conferencing. The book closure period is September 19-26, 2025, with e-voting open from September 23-25, 2025. The accompanying Directors' Report reveals the company's turbulent history: it underwent Corporate Insolvency Resolution Process from 2017, was put into liquidation in March 2022, and was later acquired by Sherisha Technologies Pvt Ltd through its SPV Soy-Sar Edible Pvt Ltd, with NCLT Indore approving the acquisition on February 3, 2025. The company was delisted by NSE and BSE in 2018, and its status was recently changed from 'Delisted' to 'Suspended' on May 5, 2025, with relisting efforts under way. Financial results for FY 2021-22 show zero revenue from operations, total expenses of Rs. 3,466 lakhs, and a net loss of Rs. 3,402 lakhs (EPS of negative Rs. 0.74).
Shareholders should note that the shares are currently in 'Suspended' status on the exchanges (not actively traded), and the AGM is largely a compliance exercise following the recent acquisition. The deeply negative financials (no revenue, mounting losses) reflect the company's pre-acquisition state, so they may not be representative of the newly constituted board's performance going forward.