K S Oils Limited has informed the Exchange regarding Notice of 35th Annual General Meeting (2020-21) to be held on September 26, 2025.
Awaiting price reaction for this filing.
K S Oils Limited has notified both BSE and NSE about holding its 35th and 36th Annual General Meetings on Friday, September 26, 2025, via video conferencing — the 35th AGM at 11:00 AM for FY 2020-21 and the 36th AGM at 4:00 PM for FY 2021-22. The e-voting window runs from September 23 to September 25, 2025, with the cut-off and book closure dates falling on September 19, 2025. The key resolution on the agenda, besides adopting the audited financial statements, is the appointment of M/s Devesh Parekh & Co., Chartered Accountants as Statutory Auditors for a five-year term (FY 2020-21 to 2024-25), with proposed remuneration of ₹1,00,000 plus taxes for FY 2020-21. The document also reveals that the company went through Corporate Insolvency Resolution Process (CIRP) starting July 2017, faced a liquidation order from NCLAT in March 2021, and has since been acquired by Soy-Sar Edible Private Limited. The new management is now catching up on years of delayed financial statements and AGMs.
This is largely a procedural filing, but it signals the new management is working to regularise years of delayed annual filings and compliance after the company's insolvency and change of ownership. Shareholders should review the backdated financial statements and the auditor appointment, which is a material governance event. The very long delay in holding AGMs (FY 2020-21 being concluded in 2025) is a notable red flag on past corporate governance, though the current takeover appears to be addressing these gaps.