KS Oils Limited has informed the exchange regarding the intimation of allotment of Equity Shares to the Existing Public Shareholders, pursuant to the Hon''ble NCLT, Indore Bench, order ....
Awaiting price reaction for this filing.
K S Oils has allotted 84,92,549 equity shares of Re 1 each on a preferential basis to existing public shareholders, for consideration other than cash. The allotment was done under an NCLT Indore Bench order dated February 3, 2025, approved via a board resolution passed by circulation on August 1, 2025. The company, now acquired by Soy-Sar Edible Private Limited, is implementing its resolution plan. The shares were issued without cash consideration, suggesting a debt-to-equity conversion or restructuring under the NCLT-supervised plan.
Shareholders will see a dilution of their equity holding due to the preferential allotment, but the NCLT-backed restructuring may help clean up the company's balance sheet and support its revival under the new acquirer, Soy-Sar Edible Private Limited.