KSOILS: K S Oils Limited has informed the Exchange regarding Proceedings of 36th Annual General Meeting held on September 26, 2025 for FY 2021-22
Awaiting price reaction for this filing.
K S Oils Limited held its 36th Annual General Meeting on September 26, 2025 via video conferencing, attended by 38 members, with Whole Time Director Mr. Aman Bhutoria chairing the meeting. The meeting was for the delayed financial year 2021-22, during which only one ordinary resolution was transacted: adoption of the audited standalone financial statements for the year ended March 31, 2022. The company disclosed its troubled history — it was admitted to the Corporate Insolvency Resolution Process (CIRP) in July 2017, went into liquidation via an NCLAT order on March 16, 2021, and was subsequently acquired by Soy-Sar Edible Private Limited, with a new Board taking charge on February 7, 2025. Auditors flagged disclaimers of opinion and raised material uncertainty about the company's ability to continue as a going concern. Voting results were to be announced within two working days.
This is a delayed AGM for FY 2021-22, reflecting the company's turbulent history through insolvency and liquidation. The going-concern disclaimer from auditors and the legacy of CIRP-related defaults signal persistent financial weakness, which shareholders should weigh carefully — the stock carries significant risk despite the new management's stated commitment to revival.