K S Oils Limited has informed the Exchange that Record date for the purpose of Reduction in Capital is 15-Jul-2025.
Awaiting price reaction for this filing.
K S Oils Limited, now under Soy-Sar Edible Private Limited (acquired via the IBC insolvency process), will carry out a massive capital reduction as per an NCLT order dated February 3, 2025. Promoter and promoter group shares — 3,46,02,105 equity shares (7.54% of capital) — will be completely cancelled and extinguished with no payment to holders. Public shareholders will retain only 1 equity share for every 50 shares they currently hold, with fractional shares ignored; all remaining shares will be annulled without compensation. After the reduction, public shareholders are expected to collectively hold around 5% of the company. The record date for this action is now set as July 15, 2025, revised from the earlier date of May 30, 2025.
This is a near-total loss event for existing shareholders — public investors will see roughly 98% of their holdings cancelled with no payout, effectively wiping out most of their investment value. The stock is likely to face extreme volatility and may trade at a very low post-reduction market price; only a very small residual stake will remain.